Trust Accounting

Trust Accounting has four types of transactions: Receipts, Payments, Adjustment journals and Transfers between accounts. You can also enter a “Transaction Type” code on each transaction to allow you to classify tranactions further. Eg: a receipt might have a transaction type of “Rent Received” or “Key Deposit” or “Bond”. The transaction type also provides a default description for the transaction entry. Dingosoft Trust Accounting is a full Sage 300 module – just like the Sage 300 Accounts Receivable or Accounts Payable modules. Unlike A/R or A/P though, you don’t enter the “Account” in the transaction header. T/A transactions are a bit like G/L entries in that the “Account No.” is entered on each detail line of the transaction. This allows you to split any transaction over multiple accounts. The Payee or Payor in the header can be selected from the contact database and could be anyone eg: a tenant or other party. All transactions have full Sage 300 functionality like bank and G/L integration, salesperson split, full multicurrency support, check (cheque), receipt and deposit slip printing, as well as EFT direct deposits with the optional Dingosoft Quick EFT module. Highly flexible setup with loads of options – like the ability to restrict transaction dates to the system date.