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Trust Routines

📄️ Print Cheques

The Print Cheques routine allows the user to view and/or print from a list of all Cheques that have been generated, according to a specific General Ledger Account. This routine also allows the user to reprint cheques that have already been printed. Details for each cheque (i.e. Journal Type and Number, Payee, Amount, etc) and the Cheque Status (i.e. Reconciled, Not Reconciled) are displayed. The user can also view specific details (i.e. the associated GL, Client, or Trust transactions) for each cheque. Reversed cheques will not be displayed in this routine.

📄️ Trust Cheque Requisition Posting

The Trust Cheque Requisition Posting routine allows the user to view, post, cancel, and/ or print Trust Cheque Requisitions. Trust Cheque Requisitions are used to submit Trust Cheque proposals for approval, and are entered through the Trust Cheque Requisitions routine. Usually, Secretaries submit the Trust Cheque Requisitions, and the Accounting Department (or the Administration) approves and processes the Trust Cheque, or cancels the Trust Cheque Requisition if it is not approved. This process allows Administration to supervise and control the flow of Client's Trust money within the Firm.

📄️ Post Invested Trust Receipts

The Post Invested Trust Receipts routine allows the user to manage trust investments that have been made on behalf of the Client. For example, if the Firm is responsible for investing a Client's trust money, the details for that investment are recorded through this form. This routine identifies different types of investments (i.e. into a Daily Savings Account, Term Investments, etc), as well as the type of trust being invested (i.e. Trust Principal, Interest Earned, etc). Note: This routine handles trust investments for Matters that are currently open or soft closed (i.e.. closed, but can still be posted to); hard closed Matters are not accepted in this routine.

📄️ Trust Cheque Requisitions

The Trust Cheque Requisitions routine allows the user to submit a Trust Cheque proposal for approval. This routine is mainly used by Firm Secretaries; the Secretaries submit the Trust Cheque Requisitions, and the Accounting Department (or Administration) approves and processes the Trust Cheque, or deletes the Trust Cheque Requisition if it is not approved. This routine allows Administration to supervise and control the flow of Client's Trust money within the Firm.

📄️ Maintain Trust Dates On Hold

The Maintain Trust Dates on Hold routine allows the user to view information about Trust Money that is currently being held. When a Client is issued a Trust Receipt for money given to the Firm in Trust, the user has the option to specify the number of days the Trust Deposit will be held before it is released. The records displayed in this routine are those Trust Deposits that were placed on hold. The user also has the option in this routine to change the Hold Date for a given Trust Deposit (i.e. If the Trust Deposit has already cleared the Bank, or if the money is needed ASAP, the record can be taken off of hold by changing the Hold Date).

📄️ Trust Transfer Deposit

The Trust Transfer Deposit routine allows the user to create receipts for trust transfers that were entered in the Trust Transfer routine. In the Trust Transfer routine, trust money is applied to outstanding balances on Client bills. The Trust Transfer Deposit routine displays all trust transfer transactions according to the Trust GL Account from which the money is being transferred and the Firm GL Account into which the money is being deposited. Once the user selects a trust transfer record to be deposited, the transaction is processed and the receipt is created.