Reconciliations
FAQ: Why Can’t I Add New Trust Transactions?
Different Australian states have varying requirements for trust account reconciliation timing. You should ensure your Trust account is reconciled monthly in accordance with your state regulations. There is a is a 7-day block on new trust transactions ...
Manual Adjustments in Trust Account
Examples of why we need to occasionally use a Manual adjustment could be for bank fees incorrectly deducted from your trust account that will be repaid to your account at a later date, or for deposits that appear in your account that you do not have ...
Reconciling a Trust Account
This file will guide you through creating a Reconciliation. You can choose to reconcile daily, weekly or monthly (monthly is the recommended period) however the system will keep a draft of your reconciliation until the end of the month. A ...