Escrows & Trusts

[AccountEdge Plus and Network Edition only]

You can now create Escrows and Trust accounts with the ability to write cheques directly from the accounts. When creating an escrow or trust account, you can choose which bank account to link it to giving you the ability to track all transactions recorded to this account. You also have the ability to transfer funds from an escrow or trust account into your designated operating account automatically.

When selecting this feature in the preferences of your company file, you can select to use the term Escrow or Trust within your AccountEdge Company file.

To use Escrow and Trust accounts

1	Go to the Setup menu and select Preferences. The Preference window appears.

2	Select the Sales tab.

3	Check I use Escrow & Trusts... and select either Escrows or Trusts.

Click OK.

Your selection in the preference will appear in the To Do Lists and the Escrow & Trust Information window as a default type, however you can change this each time you create an escrow or trust to track.

To create an Escrow and Trust

1	From the Sales command centre select Escrows & Trusts. The Escrows & Trusts List window will appear.

2	Click New. The Escrow & Trust Information window will appear.

3	Select the type, either Escrow or Trust, you would like to track.

4	Enter the appropriate information necessary to track this account.

Click OK.

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