How to post a Trust cheque
This feature is used to enter trust cheques in the trust account
Following are the steps to post a trust cheque in LawPractica
- From the left menu, select Trust Transactions
2. Select Trust Cheques
3. A new Trust Cheque form will open up
4. Choose the correct Bank from the Bank drop down menu
5. Enter the date of the transaction
6. Select payment type (Cash, Cheque, Credit Card, Bank Draft, EFT, Wire Transfer Credit Memo). To create a new payment type, please refer to article how to create payment type
7. System will automatically show the next cheque number. You can also change the cheque number manually
8. Enter the name of the payee
9. Enter the payee address but this is optional
10. Enter the amount of funds to be disbursed in the amount section
11. Select client/matter from the drop down menu
12. The moment you select the client/matter, on the right side system will show balance funds in trust for the selected bank account in client/matter.
13. Enter an appropriate description (the purpose of the funds) like Balance to Close or Balance funds in trust or Closing Proceeds.
14. Press Save. After you press the button Save, the cheque will be saved in the bottom section of the trust cheque. Please note that just saving the cheque will not post funds in the trust account
15. After the cheque is saved, click on Post & Close button in order to post the trust cheque. To cancel the trust cheque, click on the “X”
16. After you click on Post & Close, the trust cheque will be posted in that client file.