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