How to Transfer Trust Between Clients/ Matters

This article will cover how to Transfer Trust funds between Clients/Matters with the trust funds remaining in the same bank. This process is also used when transferring the Trust funds from a Pooled Trust Bank account to another Trust Bank account i.e., Term Deposit/GIC.

To Transfer Trust Between Clients/ Matters:

1. Click on Transactions
2. Click on Trust
3. Select Transfer Trust
4. Transfer Date - Enter the date of transfer
5. Client - Select or Enter the Client/Matter where the Trust funds to be transferred from
6. Bank / Funds Available - Select the Trust Bank account funds to be transferred from

1. 1. Only the trust account(s) with available trust funds for the Client/Matter specific will display
   2. If the selected Client/Matter does not have available trust funds a message will display

7.    Amount - Enter the amount to be transferred

8.    Client  - Enter the receiving Client/Matter to whom these funds are to be transferred to. In the case it is the same client, enter the same client number.

9.   Bank / Funds available - Select or enter the Trust Bank where the funds are to be transferred to.

1. 1. If the selected Client/Matter has a balance of funds in any trust account, the current balance(s) will display.
   2. Two accounts will display for each bank account. One is to for the Regular trust account and the other is for the Term Trust account. If the term trust account is selected the Due Date field is available to enter the maturity date for the funds.

10 .   Payment Type - Automatically set to EFT-Interac Email

11.    Reference Number - Enter the reference or this may be left blank

12.    Description - Enter a supportive description outlining the reason for this transfer

13.     Click on Save – the Transaction will be listed below as Unposted Trust Transfers

14.    Click on Post & Close to conclude this transfer and update the Client Trust Ledgers