Client Money Handling Procedures Best Practices to follow

When you are a service provider, you do receives Client money to make payments to vendors. Find the Best Practices of Client Money Handling ! Client money handling applies to the money of any currency in the form of cash, cheque, draft or electronic transfer, which a firm holds or receives for or from a client. Client money handling procedures is started to comply with the law, agents taking client money must;Get a certificate confirming membership Many Service Providers such as Legal Firms, Investment Firms, Media Agencies (mainly Digital Media) receives money from their Clients for payment to various vendors in order to fulfil agreed service contracts for Client money handling.

For more detailed information on the topic, read our Blog:- https://accountantsbox.com/blog/best-practices-of-client-money-handling/


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