Trust Report Definitions

When these reports are run from the reports menu, they will have a heading displayed as an Interim report. Only when these reports are run when after completing an End of Month they will have a heading displayed as Final report.

Cash Book

This report contains all transactions for the Trust Account for a selected period. It is broken down into deposits and withdrawals.

Control Account

This report contains all transactions for the Trust Account Ledger for a selected period. It is broken down into debit amounts and credit amounts.

Statutory Deposit Ledger Control Account

This report contains all transactions for the Statutory Deposit Ledger for a selected period. It is broken down into debit amounts and credit amounts.

Trial Balance

This is a list of all matter ledgers in the Trust Account system with respective balances, displayed in account number order. The total shows you how much you have in trust for all your clients.

Trust Transfer Journal

This report shows you all transfers within the Trust Account where money has been transferred from one matter to another

Debit Balance

This report will display all transactions that resulted in the balance of the Trust Account or an individual matter ledger falling below a zero dollar balance. This includes deposits where the balance after the deposit is still less than zero.

Multiple Matter Ledgers and Individual Matter Ledgers

To display transactions regarding both Multiple Matters and Individual Matters, the same procedure is required.

Individual and Multiple Trust Statements

These reports will give you the option to either select one or multiple matters at once and produce a matter statement for each of the selected matters. It will show a listing of all transactions for multiple matters that are selected for a given date range.

Multiple Unknown Deposit Ledgers and Individual Unknown Deposit Ledger

This report will give you the option to select either one or multiple matters at once and see a listing specifically for the unknown deposits that have been received for a given date range for the selected matters.

It shows the debit and credit entries that have occurred, what date they occurred and other details such as the description, whether it was a multi item and what payment type was used.