Linking a trust account

It is our strong recommendation that if you manage IOLTA trust accounts, you use the paid version of MONE$Q, which offers a more robust set of features to help you manage your IOLTA trust account in compliance with regulations.

The free version of MONE$Q, while not offering our full trust accounting features, does allow you to link a trust account, create invoices to trust, and receive payments to trust electronically.  Linking your trust account will require another merchant application.

Setting up a trust account 

From the settings menu

To integrate a trust account from settings:

1. Select “Settings” from the left menu:

2. Select the Accounts tab:

3. Select “Link Trust Account”.  This will initiate a trust account merchant application.

Trust Account Merchant Application

Because you have already filled in a merchant application for your operating account, MONESQ will pre-populate all non-sensitive data from your prior application. You will need to re-populate your federal Tax ID and enter your trust bank account information. When you are finished, click “Link trust account” at the bottom of the application.

You will then need to accept the terms and conditions on the ensuing screen.