How Can We Help?
Search for answers or browse our knowledge base.
Enter a Trust Transaction Across Multiple Matters
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.
Apply a Credit (Deposit) to Multiple Matters
To apply a credit to multiple matters:
- Create a matter called Internal Funds Transfers for use as a bridge between the credit and the matters to which you want to distribute the funds. Be sure to link it to the appropriate trust bank and Account 2300: Client Trust Funds (Current Liability).
- Enter a trust deposit transaction for the credit amount.
The Internal Funds Transfers matter displays a balance for the credit amount. - Enter a Matter to Matter Internal Trust Funds Transfer to transfer the desired amounts from the Internal Funds Transfers matter to the individual matters.
The system allocates your funds to the specified matters.
Enter a Debit (Withdrawal) from Multiple Matters
To issue a single trust check from multiple matters:
- Create a matter called Internal Funds Transfers for use as a bridge between the credit and the matters to which you want to distribute the funds. Be sure to link it to the appropriate trust bank and Account 2300: Client Trust Funds (Current Liability).
- Enter a Matter to Matter Internal Trust Funds Transfer in the desired amount from each matter to the Internal Funds Transfers matter.
- Issue a single check from the Internal Funds Transfers matter to the Payee.
The system zeroes out the Internal Funds Transfers matter’s trust balance.