How to Reverse a Trust Receipt or Payment

You should be extremely cautious when reversing trust receipts and payments as trust accounts are a highly regulated and scrutinized aspect of law firms. Non- compliant trust accounting activities are the highest cause of lawyers being penalised or losing their practising certificates.

A transaction must be locked once entered. Any attempt to change the transaction MUST NOT change the original transaction. A request for a change must create a new transaction, dated TODAY that has the effect of reversing the original transaction.

How to Reverse a Trust Receipt

Open Trust Register:

Select the receipt to be reversed, this can either be picked from the list provided or by manually searching using the required parameter fields.

Once opened, select 'Reverse Transaction' from the top of page:

Fill in the required fields, then select reverse transaction:

Trust reversals will take the next available trust receipt number.

The original and reversed transactions will display with a 'REV' in the status column in the Trust Register:

How to Reverse a Trust Payment

Open Trust Register:

Select payment to be reversed, this can either be picked from the list provided or by manually searching using the required parameter fields.

Once you have opened the required Payment, select 'Reverse Transaction' from the top of page:

Fill in the required fields, then select reverse transaction:

The reversed transaction will automatically take the same trust cheque number as the original transaction.

The original and reversed transactions will display with a 'REV' in the status column in the Trust Register: