Transfer money held in trust

Transferring of funds held in trust is only possible if the ledgers are linked to the same trust account. This is a process of reallocating the funds within the same trust account.

Scenarios: This process can be used for when a buyer has paid a deposit on a contract that then falls through (unsuccessful) and enters into a new contract on another listing. Money is not physically being moved in your bank account but we need to move the money held from one ledger account to another.

Alternatively, it could be transferring vendor paid advertising from one listing to another for the same vendor.

First ensure that an account/ledger has been created for the buyer with the exact same name in the trust account tab on the new listing

Open a ledger on a listing

Locate the listing that the deposit was originally receipted to
From the trust accounts tab and under the 'More Actions' menu, select 'Transfer Funds'

Enter the date and select the listing that you are transferring from and to from the drop down menu
Enter any particulars and amount that is being transferred
Click Save
This process will move the funds from one account to another and appear on your end of month reports but it will not appear in your bank reconciliation

Please contact support@arosoftware.com if you need further assistance.