Banking

The Banking section enables you to monitor your firm's transactions and execute various banking-related functions.

Linking your bank feed allows you to automatically import transactions from your bank statement.

A transaction's status is listed in the Status column on any transaction screen. This status lets you know the stage this transaction is in, and often determines if/what can be edited.

You can utilize a single trust credit (deposit) or debit (withdrawal) from a trust account across multiple matters. However, please note that this method is not designed for recording invoice payments within your firm.

You can use the deposit slip feature for reconciliation and record-keeping purposes.

When returning money to a client, it is necessary to issue a credit memo to document the transaction accurately.

You can record your bank fees to facilitate accounting, generate reports, and reconcile accounts.

You have the option to set your default print settings and resolve any check printing issues that may arise.

You can customize your checks by choosing the font size and adjusting the check print offset. Additionally, there are various check printing display options available, each accompanied by preview images showcasing different check styles and layouts.

Once your transaction is entered you can print checks:

You can print trust checks from Matter Details and Banking. You must enter a trust withdrawal before you can print a trust check.

An integrated payment is a transaction initiated in your application, but processed through an integrated app such as Rocket Matter Pay. These transactions are processed by the system in real-time, impacting bank balances almost immediately.

You can export your QBO statement from most banks' websites. Almost all banks offer the QBO format.

You can import transactions from your operating, trust, and credit card accounts.

Because a deposit appears on your bank statement separately from the withdrawal that occurs when a check bounces, you cannot delete the check from your records. Instead, you must record the deposit and withdrawal as separate transactions.

Most matter-related deposits to your operating account will fall into two categories: invoice payments and operating retainers. For accounting and recordkeeping purposes, you can record when an operating account deposit fails to clear, or bounces, due to insufficient funds (NSF).

For accounting and recordkeeping purposes, you can record when an operating account deposit check fails to clear, or bounces, due to insufficient funds (NSF).

You can create mapping rules to automatically rename payees and memorize accounts when importing bank statement transactions or receiving them through the bank feed. Mapping rules are automatically created and activated as you import a statement or receive a bank feed, but you can also manually add, edit, or delete a mapping rule as needed.

You can generate a Positive Pay List of your firm's uncleared transactions. You can also define the output format for each Positive Pay file and customize it for each bank you define.

Under rare circumstances, you may need to edit a transaction your firm either cleared or included on a closed reconciliation statement. To do so, you must reopen the statement.

You can edit an operating bank transaction even if it includes posted or reconciled items.

You can record bank errors during the reconciliation process to avoid having to allocate the errors to a client or firm ledger.

You can record your credit card payments to ensure proper tracking, reporting, and accounting.

You can manage your credit card expenses for reporting and accounting purposes.

If your firm uses Easy-HUD or Easy-CDF for their real estate closings, you can import your ledger from Easy-HUD and Easy-CDF to reduce the need for manual transaction entry.

Our third-party bills tool lets you add, edit, and delete your third-party bills. This helps you manage these bills to ensure proper payments from trust, accurate trust reporting, and quick, reliable reporting in the Matter Cost Statement.

You can place holds on third-party bills until you want them paid.

Employ the inherent trust safeguards to guarantee compliance with each recorded transaction. Nevertheless, be aware that there are specific safeguards that you have the option to override.

You can pay third-party bills individually, or in bulk.