Trust Accounting
We are pleased to announce that the new Trust Accounting system is now in the final stages of development and testing. The next step is submission to the Law Society Of New South Wales, for examination by authorised auditors, with a view to achieving formal accreditation.
Once this official stamp of approval has been given, the Trust Accounting system will be shipped as either a standalone product, or as additional module. We already count the legal industry as amongst our core client base. Working together with such features as time/expense tracking, email tracking and document management, Trust accounts will turn our solution into even more effective proposition.
Click here to view an enlarged image
Features will include:
- General trust accounts
- Controlled monies
- Full audit trails of all trust transactions
- Both single and 'multi' receipts, payments and journals
- A simple user-friendly reversal system controlled by the software, avoiding the imbalances traditionally associated with other systems caused by incorrect data entries of reversals and subsequent counter-reversals.
- Bank deposits and bank reconciliations
- Integration with the document management system allows for automated archiving of reports and easy retrieval of them afterwards.
We will be posting more screenshots and adding more information to this page soon, so watch this space!