NSW Law Society certified trust accounting
Trust account management isn't just important—it's non-negotiable. MatterX delivers NSW Law Society certified trust accounting built on Microsoft Dynamics 365, the enterprise ERP platform trusted by 40,000+ organisations globally.
Built for Australian trust compliance
MatterX trust accounting has been certified by the NSW Law Society for compliance with the Legal Profession Uniform Law and Uniform Rules. This isn't a bolt-on feature—it's enterprise-grade trust management designed specifically for Australian legal practice.
Statutory trust records
Automatic generation of all required statutory records including receipts, payments, transfers, and reconciliations per NSW Law Society requirements.
Audit trail compliance
Complete, tamper-proof audit trails for every trust transaction. All changes are logged with user, timestamp, and reason.
Built-in controls
System-enforced trust accounting rules prevent non-compliant transactions. You can't accidentally create an overdraft or violate regulations.
Enterprise trust accounting capabilities
Controlled money handling
Manage trust receipts, payments, transfers between matters, and disbursements with full compliance controls and audit trails.
- Automated trust receipt processing
- Payment approval workflows
- Inter-matter trust transfers
- Controlled disbursement handling
Multi-bank trust accounts
Manage multiple trust bank accounts including general trust, controlled money, and transit accounts with automated reconciliation.
- General and controlled money accounts
- Separate statutory deposit accounts
- Transit account management
- Automated bank reconciliation
Automated reconciliation
Bank statement reconciliation with AI-assisted matching, automated exception detection, and one-click completion of routine reconciliations.
- AI-powered transaction matching
- Automated exception detection
- One-click reconciliation completion
- Historical reconciliation audit trail
Statutory reporting
All required NSW Law Society trust reports generated automatically including trust account statements, trial balances, and journals.
- Trust ledger statements by matter
- Trust trial balance reports
- Trust cash book and journals
- Monthly/annual statutory summaries
Investment tracking
Track controlled money investments with full audit trail, automated interest calculations, and compliance with investment restrictions.
- Investment account management
- Automated interest accruals
- Investment maturity tracking
- Compliance with investment rules
External examiner ready
System is designed to facilitate external examinations with complete records, audit trails, and automated report generation.
- Complete transaction audit trails
- All statutory records available instantly
- Exception and variance reports
- Historical data retention
Why Microsoft Dynamics 365 for trust accounting?
Trust accounting is too important to run on lightweight practice management systems. MatterX trust accounting is built on Microsoft Dynamics 365 Business Central—a proven enterprise ERP platform used by 40,000+ organisations globally.
Enterprise-grade controls
Role-based security, multi-level approval workflows, segregation of duties, and tamper-proof audit trails as standard ERP capabilities.
Real-time financial accuracy
Trust and general ledger are the same system. No nightly batch processes or reconciliation delays. Real-time financial position, always.
Multi-entity support
Manage trust accounts across multiple offices or legal entities with consolidated reporting and inter-company transaction support.
Unlimited dimensions
Analyse trust activity by matter, client, partner, office, practice area, or any combination. Enterprise ERP flexibility applied to trust accounting.
Microsoft security & compliance
Leverage Microsoft Entra ID, conditional access, data encryption, and compliance tools. Your trust data protected by Microsoft's enterprise security.
Disaster recovery built-in
Microsoft Azure infrastructure provides geo-redundant backup, point-in-time recovery, and business continuity capabilities for your trust data.
When auditors see it's built inside Microsoft
External examiners and auditors immediately recognise Microsoft Dynamics 365. Questions about platform security, data integrity, and system controls largely disappear. They're auditing a proven enterprise ERP—pre-configured for legal trust compliance—not a proprietary legal tech platform.
Not all "trust accounting" is created equal
Many practice management systems claim trust accounting capabilities, but few are truly compliant with Australian requirements or built on enterprise-grade financial platforms.
Look for these warning signs:
- • Trust accounting is an "add-on module"
- • No NSW Law Society certification
- • Limited audit trail visibility
- • Manual reconciliation processes
- • Can't handle multiple trust accounts
- • No segregation of duties controls
What proper trust accounting requires:
- • Core ERP financial platform underneath
- • NSW Law Society certification
- • Complete, tamper-proof audit trails
- • Automated bank reconciliation
- • Multi-account and multi-entity support
- • Enterprise-grade access controls
Trust accounting compliance isn't negotiable. The penalties for non-compliance—both from the Law Society and from potential claims—are severe. Choose a platform built for compliance from the ground up.
Law firms using MatterX
"MatterX is a true partner in our business – the platform and their responsiveness and proactive support has been key to driving the financial success of the practice."
"Since adopting MatterX, compliance audits have been significantly smoother. When auditors see it's built inside Microsoft, the questions stop. That level of trust and security is invaluable."
"MatterX's deep knowledge of Microsoft Dynamics 365 revolutionised our client management approach."
See enterprise-grade trust accounting in action
Experience NSW Law Society certified trust accounting built on Microsoft Dynamics 365. See how MatterX delivers compliance without compromise.