How to Enter a Trust Receipt

This function is used to enter the funds received from the client. Trust receipts debit (increase) the trust bank balance and credit (increase) the Client Funds in the Trust liability account.

To enter a Trust Receipt:

1. Click on “Transactions”
2. Select “Trust”
3. Select “Enter Trust Receipts”
4. Bank - Enter or select the trust bank
5. Date - Enter or select the date of receipt of trust funds.
6. Payment Type - Enter or select the payment type i.e. Cheque or EFT
7. Receipt Number - System will automatically create the next receipt number; you can change this manually if needed.
8. Received from - Enter the client’s name or company the funds received from
9. Amount - Enter the total amount received 
10. C/G   - Default “C”
11. Client or G/L - Select the Client/Matter to receipt funds to
12. Reference  - Enter a reference number if required
13. Description - Enter the description of the funds i.e. Retainer or Deposit etc
14. Amount - Enter the amount to be receipted to this Client/Matter
15. Trust Type - Select the trust type. For Pooled Trust select “R” (Regular) and “T” for Term Deposit. (Refer to article “How to Enter a Term Deposit)  
16. Click on Save
17. Click Post and Close
18. To print the receipt, click on “Print on save” before Click on Save (16)
19. Payment types that are set up to be “Add to Deposit” (example CHK – Cheques and CSH – Cash) will default to have the box check marked “Add to Deposit”. This can be overridden and deselected before Click on Save (16). For steps on how to make a deposit, refer to Make Deposits Article

Alternatively, enter a Trust Receipt by navigating to Clients & Matters, New Transaction and Enter Trust Receipts.