Trust Accounting

Time59 makes it easy to manage your Trust Accounting.

With Time59 Trust Accounting you can:

  • Record trust account deposits from clients.

  • Apply funds to invoices as invoices are generated.

  • Display trust account balances on client invoices.

  • Always know the balance of the trust account for any date range.

  • Always know the balance of the trust account by client.

  • Instantly view all trust related transactions by date range.

  • Reconcile trust account activity in Time59 to your bank account.

Time59 Trust Accounting is easy to use...

When you receive a trust deposit from a client you enter it through the Payment Entry form with the
payment type of "Trust Deposit". The deposit will automatically show up in the trust account reports.

When you create an invoice for a client, and trust funds are available for that client, Time59 will ask
you if you want to apply funds to the invoice you are creating. If you say yes then the funds are
applied. All report details and balances are instantly updated.

Sample Trust Accounting Reports