Trust accounts must be reconciled to the last day of the calendar month, every month, within 14 days of the last day of the month.
For larger firms, it may be practical to reconcile more frequently, for example weekly.
To reconcile select the trust icon, the red courthouse, from the top menu bar.
From the trust register, select the 'Bank Rec' button.
Select the correct account to be reconciled.
Reading off the bank statement, enter the closing date and closing balance.
Select Begin Reconciliation.
In order to facilitate an easier reconciliation, transactions can be sorted by date, transaction, ref #, amount and cleared.
