Accessing the Account to Client & Trust Statement (AB)
To access the Account to Client and Trust Statement screens, navigate to the Financial heading.
Account to Client
The Account to Client will calculate the total amount owing from the client and paid from trust.
Fees and Disbursements can be set up in the Account to Client section at a Firm level as described in this article. This is located under Settings > Financial. The account to client defaults can be set for each type of transaction (Purchase, Sale, Mortgage), as well as any custom accounts you need for your firm. This means that these amounts will prepopulate in the Account to Client and can be edited or added as needed. Check out this article for more detailed information on setting up the Custom Account defaults.
Each account to client file type is broken down into the following:
Fee
Description
Misc Fees
Other Taxable Charges
Other Non Taxable Charges
Disbursements Subject to GST
Disbursements Not Subject to GST
This will allow you to set specific wording or amounts for each Purchase, Sale, Mortgage or a customized account. You have the option of modifying the text, the numbers, or both for each line. If you have defaults entered in your Settings, those entries will pre-populate for you.
Review the Auto Includes in the dropdown on the top right of the account to client screen. Items can be enabled or disabled within the Auto Includes dropdown. The following items and the associated fees can be activated or de-activated based on your preferences:
Searches - Searches associated with municipal searches such as Tax Certificate fees.
Registration Fees - This is automatically calculated based on your file type and registration types (Transfer, Mortgages, etc.) within the file. This is based on Alberta's Land Titles fee schedule.
Title Insurance Fees - Provided automatically if ordering through Realti, or manual entry is needed on the Title Insurance screen.
Use Net Amount - this item is specific to Title Insurance provides that may provide a discounted cost to you
LDD Fees - Fees associated with your Realti file.
If an item is checked or unchecked, then it will be added or removed from the Account to Client within your file. This can also be set at the firm level under Settings > Financial > Account to Client.
Note: Any changes here will only be for this file and will not impact other files.If one of the accounting integrations is enabled for your firm (PCLaw or CosmoLex), then you will see an area for enabling the export and the necessary fields. For more information please see our Accounting Integration articles.
Trust Statement
The Trust Statement brings in data from several places in the Realti file. Under the Received heading the mortgage advance(s) from the Mortgage screen are carried over, but additional funds brought in from the client will need to be entered manually here.
Other items from previous screens will be included when applicable. There are two ways to add additional items to your Trust Statement:
- Select from the pre-defined list provided in Realti:Bridge Loan, Common Expense Arrears, Credit Card, Holdback, Late Interest Calculation, Line of Credit, Personal Loan, Promissory Note, Property Tax owing to MunicipalityEach of these items will provide a further edit option (pencil icon) that allows additional information to be entered. This will flow through to the trust statement as well as any necessary payout letters or documentation as required.
- Manually add other items.
This will allow you to create a manual entry, with a further edit option (pencil icon). This will provide a blank payout document to be generated based off of the information entered in the pop-up window.
From a blank line, either select from the pre-defined list of items, or to manually add other paid items, type the description in the field under the Paid items. You may decide you want to keep this entry for future use. You can do this by right-clicking on the entry that was just created. This will provide you with a dropdown list. Choose Save to favorites.
To select the item in the future, you can click on the list icon and the item that was previously saved to favourites will appear in the list.
Note: The right-click Save to favorites feature is available throughout the application.
Still can't find what you're looking for?
Related Categories
Billing, Accounting Integrations, Admin Functions & Reports
File Creation, Document Creation, and other general topics
Province-specific information for AB clients
Province-specific information for BC clients
Province-specific information for MB clients
Province-specific information for ON clients
Province-specific information for NS clients
Province-specific information for SK clients
Related Articles
Accessing Settings (AB)
We recommend that administrators configure their Firm's Settings within Realti during your initial onboarding. Setting this up will save you time when completing files. This can be completed at any point. To get started, log into LDD and select your ...Accessing the Trust Statement & Account to Client (MB)
Accessing the Trust Statement and Account to Client is located within the Details tab. More specifically they can be found in the left hand navigtion menu under the Financial heading. Account to Client Defaults for the Account to Client are set up by ...Trust & Account to Client Tabs (BC)
To view the Trust and Account to Client tabs, navigate to the Financial Screen in a file. Trust (In/Out) The status of your trust funds is always available in the Trust (In/Out) tab for all file types. This tab updates as information is entered into ...Navigating the Financial Screen (NS)
Here, you can review and modify the financial information related to a file under the following four tabs: Stmt of Adjustments; DTT; Account to Client; and Trust Statement. At the top of the page for each tab, there is a blue link to create the ...Accessing the Closing Funds Summary (AB)
To access the Closing Funds Summary, navigate to the Financial heading and select the appropriate item. The Balance Due on Closing is carried over from the Statement of Adjustments. If there is a mortgage, then the mortgage amount will populate from ...