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In Wise Owl Legal we hold the Statutory Deposit in a different bank account in Wise Owl. This method has been agreed with by Law Societies in multiple jurisdictions and auditors.
To process a Statutory Deposit transaction you MUST use a Bank to Bank Transfer to enter the transaction.
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To put money into Statutory Deposit
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To redeem money FROM your Special Deposit
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Ensure that you fill in the date, amount, description and enter in the Special Deposit / Statutory Deposit matter
Choose the option of writing a cheque or not writing a cheque. If using a cheque, please confirm the cheque number to the right is correct before finalising.
Finalise and print the report as needed