Trust Accounting

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Account Journal

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).

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Client Ledger

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.