How to Write a Trust Cheque

This feature is used to write the cheques in trust account. Trust checks credit the trust bank account and debit the Client Funds in Trust liability account.

This function is used to write the cheques from the Trust account. Trust cheques credit the Trust bank account and debit the Client Funds in the Trust liability account. Follow the steps below to write a Trust Cheque:

To write a trust cheque: 

1. Click on Transactions
2. Select Trust 
3. Select Write Trust Cheques
4. Bank - Select the Trust bank account from which this cheque needs to be issued. 
5. Date - Select or enter the correct date the cheque is issued on. 
6. Payment Type - Select or enter the payment type 
7. Cheque Number - Enter the identifier for the transaction. This can be 10-digit long. For example if Payment Type = cheque the next available cheque number will display. If Payment Type = Wire then this identifier is the wire tracking number manually inputted by the user.
8. Payee - Enter or select the payee’s name
9. Amount - Enter the total amount in the amount column
10. C - Select or enter the client number
11. Trust Funds Available - To view Trust Funds available for selected client after the client number is entered.
12. Description  - Enter the description of the cheque and then enter the amount.
13. Click on Save
14. Click Post & Close

Trust cheques can be created for multiple clients/matters to a single Payee. Enter the client, description and amount for the first client. Tab to the second line and enter the next client, description and amount. When the second client is entered the Trust Funds Available will change to display the funds for that specific client. These steps can be continued until the Balance Remaining equals zero. 

If one or more of the clients selected have insufficient funds in trust an error message will occur.

Alternatively, a Trust Cheque can be written by navigating to Client & Matters > New Transaction > Write Trust Cheques.