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Clients' Money for Accountancy Practices
A short, practical guide to holding clients' money safely: segregation, the client bank account, reconciliations, and the mistakes that get accountants disciplined.
1 modules, 2 lessons~8 minutes80% pass mark8 flipcards, 2 scenarios
This course explains the professional-body rules on holding clients' money for accountancy practices. It is training, not legal or regulatory advice, and does not replace your own professional body's rulebook. Always follow the specific rules of the body that supervises your firm.
What you will learn
- Recognise what counts as clients' money and why it must be protected
- Explain the requirement to segregate clients' money in a dedicated client bank account
- Identify the setup rules for a compliant client bank account, including bank set-off
- Apply the reconciliation and record-keeping duties for clients' money
- Know when money may lawfully be withdrawn from the client account
- Spot the red flags and consequences of mishandling clients' money
Who is this for?
Owners, principals, and staff of accountancy and bookkeeping practices that hold or handle money belonging to clients.
Course details
Duration~8 min
Modules1
Lessons2
Pass mark80%
CertificateYes
Learning Hours0.1
Jurisdiction
United Kingdom - professional body rules (AAT Clients' Money Policy, ICAEW Clients' Money Regulations, ACCA Client Money Rules)
Course Modules
1
Handling Clients' Money
~8 minThe Rules on Holding Clients' Money
AudioVisualFlipcardsScenario
Safeguards, Reconciliations and Red Flags
AudioVisualFlipcardsScenario
Assessment - 4 questions
Total Questions
4
Pass Mark
80%
Audio
2/2
Certificate
Yes
v1.0.0 | Updated 2026-08-31 | Sources verified 2026-08-31
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