To view the Trust and Account to Client tabs, navigate to the Financial Screen in a file.
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 the system to keep track of the financial status of your transaction. In the top left corner of the screen, you can select the relevant Trust Account by clicking on the ellipsis next to the Account Name field. Additional accounts can be added in Firm Settings.
In a Sale File, you can add Funds In and Out by pressing on the Add Credit / Funds In and Add Debit / Funds Out. Once you've added an a new source of Funds In or Out, the Issues WorkBench will open allowing you to input the amount and description.
In a Purchase file, to manually add funds from other sources, you must go to the Purchaser Adjustments tab. Check out this article about adding an adjustment on the Purchaser's adjustment tab.
You can use the Auto Include feature on the right side of the screen to set whether Registration Fees, LDD Fees, Strata Form Fees, and Fire Insurance Fees should appear on the Trust Statement.
You can generate the In/Out Trust Reconciliation document, clicking the blue link in the top left corner of the Trust (In/Out) screen, or alternatively by selecting the document on the Docs screen. Within a Sale File, you can also create an Authority to Pay document, if required.
The Account to Client tab will calculate the total amount owing from the client and transferred from the trust. The Fees and Disbursements can be set up in the Firm Settings for each type of transaction. Account to Client Defaults, including which Fees & Charges are included by default, can also be modified in your Firm Settings. This means that these amounts will populate in the Account and can be edited or added as needed.
The Account to Client screen has four different sections: Total Fees, Other Taxable Charges, Disbursements Subject to GST, and Disbursements Not Subject to GST.
On the right side of the screen you will see a small gray box that will allow you to perform a number of functions on your Account to Client.
Auto Include: You can use the Auto Include feature to set whether Registration Fees and LDD Fees should appear in the Account to Client.
PC Law or Cosmolex Export: Under the PC Law Export or CosmoLex Export (depending on your choice of accounting integration), clicking on the Enable checkbox will allow you to proceed to export those items in the Account which you have checked off in the PC Law column (see this article for more information on our Accounting export feature).
Target Account Total: You can use the Target Account Total to set a target for the Total Fees and Disbursements, by clicking recalculate. This function will overwrite the value in the Main Fee field to meet the Target Account Total that you specify.
You can create the Account to Client document by clicking the blue Create Document - Account to Client in the top left corner of the screen.