Chapter 1
Double Entry Bookkeeping and the SRA Accounts Rules
Page 1
Free SQE1 FLK2 revision notes
Free SQE1 Solicitors’ Accounts Study Guide
This free SQE1 Solicitors’ Accounts study guide is available online with a free ActusPrep account. It is designed for SQE1 students revising FLK2, including students fitting study around work.
Inside, each chapter combines structured SQE1 revision notes with 3–5 SBAQs, giving you a focused way to learn the law and check your understanding as you go. Create a free account to read the full guide or listen to chapter-by-chapter audio narration in ActusPrep.
Topic overview
SQE1 Solicitors’ Accounts revision for FLK2
This Solicitors’ Accounts guide helps students revise the SRA Accounts Rules through practical accounting scenarios. It starts with double-entry bookkeeping before moving to client money, business money, client accounts, receipts, payments and ledgers. The guide then covers transfers, mixed receipts, bills, costs, disbursements, VAT, special entries, interest, designated deposit accounts, property transactions, joint accounts, third party managed accounts, compliance and record keeping.
For broader context, read the SQE1 Solicitors’ Accounts: Complete Guide, try the free SQE1 diagnostic, or explore the ActusPrep demo.
Key areas covered
- Double-entry bookkeeping and SRA Accounts Rules foundations
- Client money, business money and client accounts
- Receipts, payments, ledgers, transfers and mixed receipts
- Bills, costs, disbursements, VAT and special entries
- Interest, property transactions, joint accounts and compliance records
Guide contents
What this guide covers
113 pages
Chapter 2
Client Money, Business Money and Client Accounts
Page 14
Chapter 3
Receipts, Payments and Core Ledger Entries
Page 27
Chapter 4
Transfers, Mixed Receipts and Moving Money Between Accounts
Page 38
Chapter 5
Bills, Costs, Disbursements and VAT
Page 50
Chapter 6
Special Accounting Entries
Page 62
Chapter 7
Client Interest and Designated Deposit Accounts
Page 73
Chapter 8
Property Transactions
Page 83
Chapter 9
Joint Accounts, Client's Own Accounts and Third Party Managed Accounts
Page 94
Chapter 10
Compliance, Accountants' Reports and Record Keeping
Page 104
Study with context
SQE1 Solicitors’ Accounts revision notes for FLK2
This free SQE1 Solicitors’ Accounts study guide is designed to support structured revision across the Solicitors’ Accounts topics tested in FLK2. The chapter list gives you a clear route through the subject before you move into practice questions or timed exam work.
Use the guide to refresh the legal framework, identify common traps and organise your revision into focused sessions. The full online guide remains inside ActusPrep so your study guides, practice and exam preparation can sit in one workspace.
Study workflow
How to use this guide
Read or listen
Read or listen to the relevant Solicitors’ Accounts chapter so the rule, procedure or framework is fresh before you practise.
Test the topic
Use ActusPrep questions to check whether you can apply the FLK2 material to a single-best-answer scenario.
Return to weak areas
After reviewing explanations, use Study Tools to organise the weak area, then come back to the chapter list and reread the sections that exposed a gap.
Continue your revision
Turn this guide into active SQE1 practice
Use the same topic pathway to move from revision notes into practice questions, Study Tools and supporting article context.
Further reading
Related SQE1 revision articles
Complete guide
SQE1 Solicitors’ Accounts: Complete Guide
Revise SQE1 Solicitors’ Accounts, including client money, office money, transfers, mixed receipts, reconciliations and SRA Accounts Rules problem-solving.
Revision article
Bills and VAT for SQE1
SQE1: Key Principles, Common Mistakes and Exam Tips
Revision article
Breaches of the SRA Accounts Rules for SQE1
Revise breaches of the SRA Accounts Rules for SQE1 Solicitors’ Accounts, including shortages, improper withdrawals, reporting and correction steps.
Revision article
Disbursements for SQE1
SQE1: Key Principles, Common Mistakes and Exam Tips
FAQ
SQE1 Solicitors’ Accounts study guide FAQ
Is the Solicitors’ Accounts study guide free?
Yes. The SQE1 Solicitors’ Accounts study guide is free to read or listen to online with a free ActusPrep account.
Is Solicitors’ Accounts part of FLK2?
Yes. This public preview and the full online guide are organised for SQE1 FLK2 revision.
What topics does the Solicitors’ Accounts guide cover?
The guide covers double-entry bookkeeping and sra accounts rules foundations, client money, business money and client accounts, receipts, payments, ledgers, transfers and mixed receipts, bills, costs, disbursements, vat and special entries, interest, property transactions, joint accounts and compliance records. The chapter list above shows the full structure and page references.
How should I use the guide with practice questions?
Read or listen to the relevant Solicitors’ Accounts chapter first, answer ActusPrep practice questions on that area, then return to the guide after reviewing explanations for any weak points.