This content was recorded on 28/11/2019 for audiences in the United Kingdom.
This video runs for approx 20 minutes.
If you're watching from the rest of the world these functions work the same, but there are some terminology differences to be aware of:
North America | Australia / New Zealand | United Kingdom | Rest of World |
Trust Account | Trust Account | Client Account | Trust Account |
N/A | Bond | Deposit | Bond |
Security Deposit | Security Deposit | Bank Guarantee | Security Deposit |
Operating Expense | Outgoings | Service Charges | Outgoings |
Tax | GST | VAT (except Jersey, which has GST) | Tax |
Dollars | Dollars | Pounds | Dollars |