A quick-reference guide outlining the key details required to process a compliant trust payment in accordance with Australian legal trust accounting regulations, including authorisation, matter linkage, and payment metho
Law App separates these under trust account setup: General Trust: Pooled account used for multiple clients. Controlled Money: Designated bank account for a specific client (required for some property matters,…
Law App follows trust compliance protocols for approvals: All receipts and payments are stamped with the user ID and timestamp. Payments and Receipts: both require an “Authorised By” field, visible…
You cannot create a separate receipt for just one file when performing a bulk trust-to-general transfer. Bulk transfers produce one combined receipt for the entire transaction, not individual matter receipts.…
Controlled money and investment money are both trust money invested on behalf of the client — the difference is who initiates the direction. Law App handles both identically. This guide…
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