Global Wakili
Trust accounting
Every shilling held for a client, traceable from receipt to payment. Global Wakili keeps client money in per-client sub-accounts, reconciles it three ways and stops overdraws before they happen.
What it does
Three-way reconciliation
Bank statement, trust ledger and client ledgers reconciled against each other.
Available nowOverdraw prevention
A payment that would take a client sub-account below zero is blocked.
Available nowPro-rata interest allocation
Interest on pooled trust funds allocated across client balances.
Available nowReal-time balances and alerts
Live trust balances and alerts on exceptions.
Available nowTamper-evident audit trail
Every trust transaction produces an audit record that cannot be silently altered.
Available now
Trust accounting
Advocates holding client money are expected to keep it separate, account for it per client and reconcile it regularly. Global Wakili is built around those requirements: per-client sub-accounts, three-way reconciliation and blocking of any payment that would overdraw a client.
Whether a firm's trust accounting meets its professional obligations depends on how the firm operates its accounts. The platform provides the controls and the records; the firm and its auditors remain responsible for compliance.
See trust accounting with your own figures
Book a live walk-through with our team. Bring the questions your partners and accountants actually ask.
Or call +254 (0)724 178 878