How do I enter a PEXA payment?

Owned by Karen McDonald
Last updated: Aug 23, 2022 by Gemma Heidemann
1 min read

Data Entry of a PEXA Payment is very similar to a normal Trust Payment - Instructions for this can be found at Trust Accounting - New Trust Payment

 

When you enter open the trust payment screen, change the type of transaction from Cheque to an EFT. 

Ensure that the details you include are for the PEXA transaction.

Make sure you complete the Bank Txn number (PEXA reference) as well. 

There is a financial statement you need to download from PEXA for every single PEXA matter that will form part of your audit records.  Always ensure to download this as you do the PEXA transaction.

 

Within Queensland, the Manager of Trust Accounting Investigations has recorded a video explaining some of the common questions around PEXA.

https://community.pexa.com.au/t5/PEXA-Community-Blog/Trust-Accounts-It-All-Adds-Up-with-Bill-Hourigan/ba-p/11606