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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.

 

  1. To process a Statutory Deposit transaction you MUST use a Bank to Bank Transfer to enter the transaction. 

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  2. To put money into Statutory Deposit

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  3. To redeem money FROM your Special Deposit

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  4. Ensure that you fill in the date, amount, description and enter in the Special Deposit / Statutory Deposit matter 

  5. 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.

  6. Finalise and print the report as needed

 

 

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