Home / Services / Trust Account Maintenance
Practice Division 04 • Legal & Fiduciary Trust Governance

Section 86 Legal & PPRA Trust Account Maintenance

Specialized accounting, monthly reconciliation, and statutory compliance protocols for attorney practices, conveyancers, and property practitioners governed under the Legal Practice Act (LPC) and Property Practitioners Act (PPRA).

Schedule Diagnostic Review Explore Package Tiers
Sec 86
LPC Compliance
PPRA
Property Trust Ready
0 Deficit
Overdrawing Protection
Monthly
Trust Reconciliation
JBMN Chartered Accountants Legal and Property Trust Account Maintenance under LPA Rule 54.14
Statutory Audit Security LPC Compliant Ledgers
Executive Desk (North): Bear
061 524 0813 (Voice)
Executive Desk (South): Rufa
064 510 6899
Practice Architecture

Scope of Professional Execution

Engineered to satisfy legislative mandates, internal audit standards, and executive boardroom governance.

Monthly Trust Account Ledger Upkeep & Reconciliation

Daily ledger postings, monthly bank-to-ledger reconciliations, trust investment accounting, and separate individual matter trust balances maintained in strict compliance with LPC and PPRA rules.

  • Strict segregation of trust and business accounting ledgers
  • Monthly 3-way reconciliation (Bank Statement, Trust Ledger, and Client Balances)
  • Active monitoring to prevent negative balances or trust deficits
Request Diagnostic Scope

Legal Practice Council (LPC) Statutory Compliance

Preparation and submission of statutory schedules and compliance documentation to the Legal Practice Council (LPC) and Legal Practitioners' Fidelity Fund (LPFF), ensuring seamless annual FFC renewals.

  • Section 86 accounting compliance in accordance with statutory practice rules
  • Annual Fidelity Fund returns documentation and submission preparation
  • Detailed recording of trust transfers, interest distributions, and client authorities
Request Diagnostic Scope

PPRA Property Practitioners Trust Accounting

Statutory trust account bookkeeping, tenant deposit reconciliation, and ledger upkeep for estate agencies, property managing agents, and letting practitioners under the Property Practitioners Act (PPA 22 of 2019).

  • Monthly verification and balancing of client rental deposits and trust guarantees
  • Individual tenant and landlord trust ledger upkeep and accurate distribution tracking
  • Fidelity Fund Certificate compliance readiness for all registered property principals
Request Diagnostic Scope

Section 86(2), 86(3) & 86(4) Interest Administration

Precise computation, bank instruction tracking, and monthly statutory payment of accrued trust bank interest to the Legal Practitioners' Fidelity Fund (5% statutory retention and 95% payment schedules).

  • Automated tracking of interest earned on Section 86(2) general trust accounts
  • Administration of Section 86(4) separate invested client trust funds
  • Fidelity Fund levy and statutory interest remittance reconciliation
Request Diagnostic Scope

Trust Compliance Reviews & Deficit Prevention

Pre-emptive diagnostic reviews of practice trust accounting controls. We review authorization barriers, electronic banking limits, and check signing hierarchies to eliminate disciplinary risk.

  • Periodic compliance checks uncovering unauthorized transfers or ledger variances
  • Implementation of dual-signatory and automated electronic release protocols
  • Strict guidance on fee transfers from trust to business accounts
Request Diagnostic Scope

Monthly Trust Creditors & Age Analysis Reporting

Clear, itemized monthly trust creditors schedules displaying every active matter balance, uncleared client deposits, outstanding conveyancing fees, and dormant trust funds requiring lawful resolution.

  • Monthly itemized listing of all trust creditors for management review
  • Identification and clearing protocols for dormant or unclaimed trust funds
  • Fast-track documentation for bank balance confirmations and annual renewals
Request Diagnostic Scope
Official Practice Tariff Schedule

Maintenance of Trust Account Fee Schedule

Transparent, statutory tariff schedule governing legal practitioners and estate agency trust account administration under the Legal Practice Act (LPA).

Monthly Retainer
1 to 100 Transactions
R 6,000.00 / mo

Complete daily ledger postings, trust cash book upkeep, and monthly 3-way reconciliation.

Volume Overage
Fee Per Txn Above 100
R 20.00 / txn

Applicable to high-volume conveyancing and litigation trust accounts exceeding 100 transactions monthly.

Statutory Submission
Fidelity Fund Returns
R 2,500.00

Annual statutory returns submission to the Legal Practitioners' Fidelity Fund.

Anti-Money Laundering
FIC Returns Submission
R 5,000.00

Financial Intelligence Centre compliance, RMCP documentation, and statutory risk filing.

Priority Consultation
Practice Diagnostic

Engage our senior trust assurance team in Tshwane or Johannesburg.

Schedule Diagnostic
All tariffs exclude VAT. In accordance with Legal Practice Act rules, Section 86 trust interest remittances are tracked and remitted monthly.
Confidential Engagement

Request a Direct Consultation or Review

Submit your entity metrics below. Enquiries are automatically routed to our senior sales executives, Bear (061 524 0813 • Voice only) and Rufa (064 510 6899 / sales@jbmnca.co.za).

Urgent SARS Assessment / Audit Deadline Flag this request for expedited senior partner review within 1 hour.
Strictly confidential. Governed by SAIGA Code of Professional Conduct.