How to Enter a Trust Receipt

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

 Steps:

1. Click on Clients & Matters, select a client where the trust receipt is to be entered. Go to the Trust tab > Enter Trust Receipts.
2. Enter or select the trust bank
3. Enter or select the date of receipt of trust funds.
4. Enter or select the payment type.
5. System will automatically show the next receipt number; you can change this manually if needed.
6. In the Received from, enter the client name and number.
7. Enter Total amount received in the amount column.
8. Enter or select the client number in column named Client/GL
9. Put in the reference number for any future references.
10. Enter the description of the funds example you can enter the purpose of the funds.
11. Enter the amount and select the trust type. In case trust type is regular select R and if it is term trust, select T.
12. Click on Save and then Post and Close.