The Contact ledger shows all transactions into & out of the Trust account for a given client Contact or a given Matter (if the Trust account was established for a particular Matter). This view shows both cleared and uncleared transactions along with a current running account balance.
To access this view, select 'Trust' from the left navigation bar. Then, click the 'Contact ledgers' tab and select the appropriate contact.
Data Tiles
| Trust account balance | Represents the current Trust account balance for a given Contact or Matter, including all cleared and uncleared transactions |
| Deposits | The sum of all deposits for a given Contact or Matter within the specified date range. The default date range is the past 3 months |
| Disbursements | The sum of all disbursements for a given Contact or Matter within the specified date range. The default date range is the past 3 months |
| Owed to Operating | This is the amount of all earned fees & advanced client costs that can be paid from the Trust account to the Law Firm Operating account. This amount is the sum of all invoices that have been paid using the “Transfer from Trust” payment method. |
Transaction Data
| Type | Transaction Type can be Disbursement (Check), Deposit or OTO (Owed to Operating) |
| Date | Transaction date |
| Contact/Matter | The particular Contact or Matter Trust Account currently displayed. |
| Source/Payee |
For Deposits - where the funds came from For Disbursements – who the check was written to |
| Status |
Cleared – The transaction has been matched against the transaction in the bank statement Uncleared – The transaction has not yet been matched against the transaction in the bank statement Unsettled – An OTO transaction that has already reduced the adjusted trust account balance but for which a check must be written to move the funds into the Operating account |
| Disbursements | Funds transferred out of the Trust account (MONE$Q only supports disbursement via paper checks) |
| Balance | The running balance as of the time of viewing |
Actions
- Add new deposits or disbursements by clicking the '+' button
- Write a check to pay the law firm operating account for fees earned or to reimburse advanced Contact costs by clicking the yellow 'Write a check' button in the 'Owed to Operating' data tile or from the context sensitive ellipsis menu to the right of a transaction with a status of 'Unsettled'
- View full transaction details by clicking on individual transactions
- See context specific actions by clicking on the ellipsis menu to the right of each transaction
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