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End of Month Procedure

  • 08/08/2025
  • Knowledge

How To
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It is important to complete the end of month procedure for each client funds account in LEAP, by generating a series of reports to comply with client accounting regulations. Learn how to generate and manage your General Client Accounts End of Month and Client Accounts End of Month reports.

 
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Please note that in addition to the Client Funds EOM process, you will also need to complete a Client Funds Reconciliation. While the Client Funds EOM process and Reconciliation are typically performed together, they are distinct processes. For more information on reconciling the client funds account, click here.

About the End of Month Reports

 

The reports to be generated fall under two categories:

General Client Accounts End of Month

 
  • Client Accounts Audit Report 
  • Separate Designated Client Accounts Listing of Accounts Report
 
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 The Audit Trail report will contain many pages when you run your first client accounts end of month. This is due to a large number of matters that have been added or modified in LEAP. 

Account Client Accounts End of Month

 
  • Client Accounts Overdrawn Report
  • Client Accounts Trial Balance Report
  • Client Accounts Journals Report
  • Client Payments Cashbook 
  • Client Receipts Cashbook 

Generate the End of Month Reports

 

To generate the client accounts end of month reports, from LEAP:

 
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Desktop: Click the LEAP Menu > Reports.

The LEAP Reports window opens in your default browser.

 

Web: Click  > Reports.

The LEAP Reports window opens in a new browser tab.

Hover over Client Funds > Client Accounts End of Month and follow the steps below to generate the required reports.

General End of Month Reports

 

  1. Click General EOM.

    The General Client Accounts End of Month window opens.

  2. Ensuring that the month ending date displayed is the last month you generated the General Client Accounts End of Month reports, click Run EOM:

 
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Tick Signed and reviewed by and make your selection from the drop-down list to place the date and name of the reviewer on the produced reports.

  1. To view the report, click on each report name listed on the screen after the EOM reports are produced.

  2. To print the report, open the report and click the printer icon.

Account End of Month Reports

 

  1. Click Account EOM.

    The Client Accounts End of Month window opens in your default browser.

  2. Select your Bank Account Name from the drop-down list.

  3. Ensuring that the month ending date displayed is the last month you produced the Client Accounts End of Month reports, click Run EOM:

 
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Tick Signed and reviewed by and make your selection from the drop-down list. to place the date and name of the reviewer on the produced reports.

  1. To view the report, click on each report listed on the screen after the EOM reports are produced.

  2. To print the report, open the report and click the printer icon at the top right-hand corner of the window.

Your client accounts end of month procedure is complete once you’ve reconciled your client funds account and generated the client accounts end of month reports.

Print the End of Month Reports

 

LEAP records a copy of each report once they are generated. However, we recommend that you print each report and store them securely for ready access as most regulators will require you to retain a printed copy of all end of month reports. 

All but two of the reports (the Separate Designated Client Accounts Listing of Accounts and the Client Accounts Trial Balance) print with continuous numbering meaning that the page numbering continues from one month to the next. For example, in the first month, the Client Accounts Audit Trail report will have pages 1, 2 and 3, and in the following month, the Audit Trail report will have pages 4, 5, 6 and 7.

Refer to the law society in your local jurisdiction for more information about the end of month procedure for client accounts.

Access Previous Client Accounts End of Month Reports

 

To access previous end of month reports:

 
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Desktop: Click the LEAP Menu > Reports.

The LEAP Reports window opens in your default browser.

 

Web: Click  > Reports.

The LEAP Reports window opens in a new browser tab.

  1. Hover over Client Funds > Client Accounts End of Month

  2. Click View Previous Client Accounts EOMs.

    The Previous Client Accounts End of Month Reports window opens.

  3. Expand the Client Accounts End of Month Reports list to find the specific report you need to access.

  4. Click on a report name to view and print it.

End of Month Date Settings

 
 
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Caution should be used with Client Funds accounts. Changing the End of Month Date will not reset the page number for the Client Funds Accounts End of Month reports. Page numbering will continue to increment.

General End of Month Date

 

To change the General End of Month date:

 
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Desktop: Click the LEAP Menu > Settings > Application Settings.

The LEAP Application Settings will open in a new window.

Web: Click  > Settings > Application Settings.

The LEAP Application Settings will open in a new window.

  1. Click Accounting > Reports.

  2. Enter or select a new date for Client Funds Account Last EOM.

 
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Please ensure that you enter the correct date for the Client Funds Account Last EOM.

 

For example, if you would like to run the first EOM for July 2023, you will need to enter 30 June 2023 as the Client Funds Account Last EOM date.

  1. Click Save.

Account End of Month Date

 

To change the End of Month date for a specific bank account:

 
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Desktop: Click the LEAP Menu > Settings > Application Settings.

The LEAP Application Settings will open in a new window.

Web: Click  > Settings > Application Settings.

The LEAP Application Settings will open in a new window.

  1. Click Accounting > under Bank Accounts > Client Funds.

  2. Select the Client Funds Account you would like to amend the EOM Date for.

  3. Enter or select the Last EOM date.

 
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Please ensure that you enter the correct date for the Last EOM.

 

For example, if you would like to run the first EOM for July 2023, you will need to enter 30 June 2023 as the Last EOM date.

  1. Click Save.

Last Modified Date
8/08/2025 1:39 am
Title
End of Month Procedure
URL Name
End-of-month-reports-on-Client-Funds-IE

Resolution
Client Accounting
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End of Month Procedure