Solicitor Accounts 1 Overview – Client Money, VAT and Compliance
In this episode of SQE1 Essentials, we cover the core principles of solicitor account rules and SRA compliance — a high-risk, high-importance area for both the SQE1 exam and legal practice.
💼 Topics covered include:
The purpose and scope of the SRA Accounts RulesWhat counts as client money, and how it must be separated from office fundsKey duties: handling mixed receipts, operating client accounts, and transfersBookkeeping practices: double-entry accounting, record-keeping, reconciliationsVAT obligations for solicitors: when to charge, when to reclaimThe ethical principles governing solicitor finances, and examples of misconductConsequences of breaching the rules — from regulatory action to potential SRA intervention📘 If you're preparing for SQE1 or entering practice management, this episode provides the essential technical and regulatory framework you’ll be expected to follow from day one.
📲 Explore our training notes, test bank, and ledger templates at celetraining.com or in the PASS-SQE App.
SQE Exam Essentials and Preparations
Welcome to SQE1 Exam Essentials and Preparations by CELE SQE.
This podcast provides detailed, structured audio guides to help you master the SQE1 exam content.
This episode offers an overview of the entire subject, ideal for first-time learners or for structured revision.
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