Getting Started with Trust Accounting

The information below outlines the general process of creating a matter, assigning a trust account to the matter, and entering trust transactions. Click on each section heading below to view detailed instructions.

1. Create Clients and Matters

Before any trust receipts or checks can be entered in Brief Accounting, a matter must be created to facilitate this. Each Matter must belong to a Client. Clients may have just a single matter associated with them, or they may have multiple matters.

2. Assign a Trust Account to a Matter

Once a matter has been created, it is necessary to assign a Trust Account to the matter.

If the firm has only a single trust account, this will automatically be assigned to the matter. Otherwise, the relevant trust account must be assigned to the matter on the Matter Card.

Note: Once a trust receipt has been posted to a matter, the trust account cannot be changed for that matter.

The initial Brief Accounting installation should have your trust account(s) set up, but if not, or you have to add a new trust account, you can create a new trust account.

3. Enter a Trust Receipt

When funds are received in trust from a client, a trust receipt should be entered for the matter.

4. Enter a Trust Check

A trust check can only be written if there is balance in the trust account to cover the amount of the check. Brief Accounting does not allow you to overdraft a client's trust account.

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