Trust Banking Report

Trust Banking Report

A Trust account is a great way to manage your client’s funds separately from your Firm’s operating account, and this report gives an aggregated view of the Trust transactions and Trust Balances by client and matter.

To access the Report, select Reports>Standard Reports>Invoices, Payments and Trusts>Trust Banking. The toggle button should be turned on in the last column; otherwise, the link will open the standard report.

The Report can be filtered on the following parameters:

– Bank Account – Available bank accounts will be displayed in a drop-down list. Choose the account you would like it to be associated with.

– Client-Matter: Select the ‘All’ option or choose from the list of available Client-Matters. Enabling the “Include Inactive” checkbox includes inactive Clients and Matters. To learn more, click here on Timekeeper Matters.

– Category: This is the ‘Matter Category’ associated with the Timekeepers. To pull data based on categories, select a category or multiple categories or select the ‘All’ option. The report displays the data by Client or by Matter, depending on the Client/Matter selection.

– Sub-Category: If Sub-Categories have been created for the main Category, select from the list. The report displays the data by Client or by Matter, depending on the Client/Matter selection.

– Billing Category: Billing Categories, set up under Client & Matters, will show up here and the data on the report can be displayed by Client or by Matter, using the Client/Matter selector for this filter.

– Date Range: Allows the user to view the Report based on the selected data range.

– From Date/ To Date: Using the Calendar, select ‘From’ and ‘To’ to include the date range for the Report.

The template within the Calendar allows users to set the desired date as the Default date. For example, for the ‘From’ date, you can set the Report to start from the ‘First day of the 1st quarter of this year.’ With this selection set as default, the Report’s start date will be 01/01/(year) each time the Report is run.

A default ‘To’ date can be set up in a similar way.

– Transfers Only: Enable to show only the Transfers from one account to another.

– Suppress Accounts with Zero Balance: Enable this checkbox to hide the line items with zero balance. By default, it is checked.

– Group By allows various ways users can Group the Report:

– By Client

– Client & Matter

Sample data with default values.