Legal Accounting
Practice accounting and trust accounting support for law firms, with a focus on disciplined reconciliations, clear records and dependable monthly processes.
Explore Legal Accounting →Wing Stone
Specialist professional support.
Legal accounting for law firms. AML/CTF compliance support for law firms and real estate agencies.
Practical, careful support for financial records, trust accounting processes and compliance responsibilities.
Our services
Focused expertise for professional practices.
Choose a service to explore the work we can support and the systems we work with.
AML/CTF Compliance
Practical AML/CTF program and compliance support for law firms and real estate agencies, tailored to the entity’s obligations and agreed scope.
Explore AML/CTF Compliance →For law firms
Legal Accounting
Your practice’s accounting, handled with care.
A trust account is not an ordinary business ledger. We support law firms with structured accounting processes, regular reconciliations and records prepared with applicable requirements in mind.
Services are delivered under an agreed, transparent fixed monthly fee.
Complete Legal Accounting Services
01 | TRUST
Statutory Trust Account Maintenance
Trust ledgers, records and monthly reconciliations maintained with care, with discrepancies identified for timely follow-up.
02 | DEPOSITS
Quarterly Statutory Deposits
Monitoring and calculation support for applicable statutory deposit requirements, based on the practice’s jurisdiction and circumstances.
03 | RESOLUTION
Discrepancy & Error Resolution
Investigate differences between ledger and bank records, support appropriate corrections and retain a clear audit trail.
04 | MONTH-END
Month-End Closing & Reporting
Structured monthly close and clear financial reporting to help the practice understand its financial position.
05 | EXAMINATION
Liaison with External Examiner
Organise accounting records and supporting documentation and liaise with the external examiner within the agreed scope.
06 | PRACTICE FINANCES
Practices Without a Trust Account
General practice accounting and annual financial reporting support for firms and barristers that do not hold trust money.
07 | SYSTEMS
Software Integration
Support alignment of practice management records with accounting software, including fees, trust transfers and disbursements.
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08 | PEOPLE
Payroll & Superannuation
Payroll processing support, Single Touch Payroll (STP) and superannuation administration, as agreed.
09 | ENABLEMENT
Software Training & Support
Practical support for staff to enter day-to-day trust and matter transactions accurately in their legal software.
Service scope and regulatory responsibilities depend on the applicable jurisdiction, engagement terms and the law firm’s circumstances. We do not represent that software or outsourced support guarantees compliance.
For law firms & real estate agencies
AML/CTF Compliance
Why you need an AML specialist—not just an identity app.
A KYC check is not an AML program. Identity verification is one part of customer due diligence. Effective AML/CTF arrangements also require risk-based processes, governance, records, staff understanding and ongoing review.
The reality
Incomplete onboarding, unclear procedures or unaddressed compliance tasks can create regulatory exposure. We help clients identify gaps, clarify processes and maintain supporting records.
The risk
Weak compliance arrangements can expose a reporting entity and its responsible people to regulatory, operational and reputational consequences.
Deadlines & reporting
Applicable reporting and review obligations remain relevant even when a business has not identified a high-risk customer or unusual transaction.
Software is not the whole program
Software can help capture information and workflow activity; the entity still needs appropriate oversight, decisions, records and follow-through.
Our compliance support
Compliance Officer Appointment
Where agreed and appropriate, appointment to the AML/CTF compliance officer role with documented responsibilities, authority and access.
Program & Process Review
Review existing AML/CTF processes and documentation, identify improvement opportunities and support practical implementation.
Reliance Agreements
Support review and administration of reliance arrangements, subject to the applicable requirements and legal advice where needed.
Customer Due Diligence Support
Support onboarding processes, CDD documentation, follow-up tasks and recordkeeping within the agreed scope.
Staff Training & Procedures
Help develop and maintain practical procedures and training materials suited to the business and its risk profile.
Ongoing Review & AUSTRAC Reporting
Support ongoing compliance activities and prepare or assist with applicable annual compliance reporting, as agreed.
Software we work with
First AMLAML Hub
Ongoing AML/CTF support
AML/CTF obligations require more than policies or software alone. Businesses need appropriate processes, clear responsibilities and relevant records.
Proposed real estate agency package
$325 + GST per week
Proposed base package for an agreed scope covering up to 25 properties per month.
- Appointment as AML/CTF compliance officer, where agreed and appropriate
- Review of current processes and recommendations for improvement
- Support with compliance documentation and customer due diligence
- Reliance agreement support, where appropriate and legally permitted
- Ongoing compliance administration and recordkeeping support
- Support using First AML or AML Hub, subject to client access and system suitability
- Additional properties: $60 per property, subject to agreed counting rules
AUSTRAC annual compliance reporting
$890 + GST per reporting engagement
Assistance with preparation and lodgement of the applicable annual compliance report, subject to scope and authorisation.
Fees and included services are subject to a written engagement. Law firm packages are quoted according to the practice's requirements and scope. An appointment as AML/CTF compliance officer must be formally agreed and documented. The client remains responsible for its applicable legal obligations.Our focus is narrow, so your support is considered.
We focus on AML/CTF compliance infrastructure and practical processes—not general workplace policies or the sale of automated software tools.
About the principal
Nilesh Patel, CPA
Principal | Wing Stone
Nilesh is a CPA Australia member with more than 15 years of professional finance and accounting experience across financial management, accounting, payroll, superannuation, trust administration and compliance support.
His work has included financial reporting, accounting operations, reconciliations, internal controls, budgeting and liaison with external accountants and auditors. He brings a practical, detail-focused approach to supporting professional practices and real estate businesses.
He holds a Bachelor of Accounting (BCA – Accounting) and a Master of Legal Studies (MLS), alongside his CPA Australia membership.
Professional references
Trusted through experience.
Selected excerpts from professional reference letters. Publication and final wording should be approved by each referee.
“Nilesh has expertly overseen our entire accounting function, guiding us through six consecutive years of financial success. His financial acumen, coupled with his attention to detail, has been critical in ensuring we consistently meet our financial targets.”
Gerald Bridgland
Director, Bartrise Pty Ltd
“Nilesh’s financial stewardship has been marked by precision, accountability, and a strong commitment to transparency. His clear, data-driven reporting empowered the Board to make sound financial choices, balancing day-to-day needs with long-term vision.”
Wayne McCosh
Chairperson, Vipassana Centre South Australia Limited
“Nilesh maintained strong fiduciary control over statutory trust accounts handling high-value real estate and property management transactions. He strengthened internal controls, mitigated risk and directed annual statutory audits to support alignment with Queensland Office of Fair Trading requirements. He also designed and implemented the group’s AML/CTF framework, including risk assessments, customer due diligence processes and staff training.”
Sonya Treloar
Director, Ray White Compass Group
“He drafted and implemented a wide range of financial policies and internal controls, bringing rigour to our governance and strengthening our compliance with both NDIS and general corporate regulations. His proactive risk identification and budget forecasting helped us maintain solvency and secure future funding.”
Helen Yang, Chartered Accountant
Finance Director, Blue Mountains Disability Support (BMDS)
Contact
Let’s discuss your requirements.
Tell us about your practice, systems and the support you are looking for. We’ll arrange an initial conversation to understand whether our services are a suitable fit.
Wing Stone
Wing Stone · ABN 42 883 160 500
Email: nilesh.wingstone@gmail.com
Services are provided under an agreed engagement. This website is general information and is not legal advice or a guarantee of compliance.