Client Trust Accounting

The Practice Information Powertool now comes with a completely integrated Client Trust Accounting module. The Client Trust Accounting features in the PIP system adhere to the standards for Interest on Lawyer Trust Accounts (IOLTA).

  • Supports IOLTA and Individual Client trust accounts.
  • Tracks all money paid (Deposits) and received (Payments) on behalf of client.
  • Displays Running Balance after each Deposit/Payment.
  • Supports running balance accross multiple client matters.
  • View running balance for each separate Trust Bank Account.

16 AccountJournal

Account Journal

(Click image to enlarge)

The Client Trust Accounting module will automatically post an entry in the Client Ledger when a Payment is entered, and when a Payment is Applied to an Invoice, minimizing data entry time and increasing data accuracy. The Date Range filter in the Account Journal provides a convenient way to determine "end of month" account balances. Client Trust Accounts can be reconciled with "Adjustments" that can be entered as required to reflect the "corrected" balance on accounts.

17 ClientLedger

Client Ledger

(Click image to enlarge)