Trust
Accounting and Escrow Administration
Software
PRODUCTS - Trust / Escrow
Client
Trust / Escrow Accounting software module:
PD Partner is designed to handle all of a firm’s client related
Trust accounting or Escrow
accounting transactions. The
easy to use interface of the trust accounting/escrow
administration software facilitates
timely recording of these transactions
while virtually eliminating the potential
for mistakes. Accounts can be
reconciled on-screen with a few clicks
of the mouse. Any client or matter
can have trust monies in multiple trust
accounts, both interest and non-interest
bearing.
Trust activity is logged in two places simultaneously in PD Partner's
trust accounting software. First,
the Trust Detail Table will house all
of the detailed activity including:
Date
Period
Client
Matter
Transaction Type
Deposit
Check
Void Check
Transfer
Check Number
Payee
Description
Void Date
All Trust Ledgers and Client/Matter trust summary reports are generated
from the above table. Trust balances
or activity are printed directly on
a client’s invoice.
At the same time, entries are made into
General
Ledger accounts with
a specific types, either Trust or Contra.
By default, these accounts are not included
in firm financial reports, although
some firms may wish to show the balance
of these accounts as a note on the balance
sheet.
An Audit Trail is inherent for all activities. Transaction detail is available for audits indefinitely.
Since the Trust balance is displayed on screen, the system provides a built-in protection against overdrawing a client’s trust fund.
Escrow Administration and Trust Accounting Software
Program Highlights
Unlimited trust accounts
On-screen inquiry on balances and activity
Ability to print trust detail or balances on client bills
Easy account and general
ledger reconciliation
Mistake-proof entry form
Void Check Capability
Cash and/or wire transfers can be recorded
Detail or Summary Trust Ledgers
Date sensitive activity reports
Look-ups on all fields
Transfer of Deposits supported
Void Checks are shown on inquiry (not included in balance)
|
