Trust, General and Receivables Journals

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Trust, General and Receivables Journals

 

Journals reflect the activity that has occurred for each bank account for one month and are printed after they have been reconciled at month end.

Trust Journal

Receipts Journal: Sorts receipts by receipt number and lists all receipts entered within the month

Check Register: Sorts checks by check number and lists all checks entered within the month

Combined Journal: Lists all receipts, checks and trust transfers in chronological order as entered within the month

Transfer Journal: Lists all Trust transfers in chronological order entered within the month. This journal should be signed by management at month end to comply with Law Society Rules.

 

General Journal

Three General Journals may be printed: Receipts, Check or Combined Journals. General Ledger posting detail is broken down in the General Journals for each transaction.

 

Receipts Journal: Sorts receipts by receipt number and lists all receipts entered within the month

Check Register: Sorts checks by check number and lists all checks entered within the month

Combined Journal: Lists all receipts, checks and trust transfers in chronological order as entered within the month

GL Detail: For each of the three General Journal Formats, a complete general ledger break down is printed for each receipt and check entered.

 

Receivables Journal

The Receivables Journal reflects the activity that has occurred in both the Time & Billing and Receivable modules for one month. These Journals should be printed at month end from the Reports Menu. Three Receivables Journals may be printed: Sales, Payments, Combined or Payments Allocation Journals.


Sales Journal: Sorts sales by invoice number and lists all invoices entered within the month

Payments Journal: Sorts receipts by receipt number and lists all receipts and credit memos entered within the month

Combined Sales and Payments Journal: Lists all sales and payment in chronological order entered within the month

Payments Allocation Journal: This journal shows the application of payments against outstanding taxes, cots, fees and lists overpayments. It includes the ability to print the report for an individual lawyer/attorney or matter or client by clicking the Options button and limiting the parameters. If printed from the Billings Report, this report can cover any period from a single day to the entire reporting period. From the Receivables Journal Reports menu only the specified month will be printed.

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