Trust Accounting Chart of Accounts
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      Trust Accounting Chart of Accounts

       

      • The Trust Accounting Chart of Accounts is the list of ledger accounts used to track the trust information in your practice and produce trust reports.

      • The Trust Accounting Chart of Accounts is a way of reconciling all transactions incoming and outgoing and getting an holistic view.

      • The accounts are arranged into 5 different header codes: Trust Accounts, Trust Ledgers, Unknown Deposit Accounts, Controlled Money Accounts and Controlled Money ledgers.

      Click on the Accounts menu in the Top Toolbar then click on Trust Chart of Accounts. This will take you to the Trust Chart of Accounts Window.

      From here you can do a range of financial reporting transactions. You can:

      • View outgoing transactions for your Trust Accounts and reconcile for accuracy

      • Add Controlled Money Accounts

      • View balances

      • Do Bank Reconciliations