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Trust Ledgers

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This topic contains 1 reply, has 2 voices, and was last updated by  Scott Goodwin 3 years, 7 months ago.

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    Hi folks,
    What functionality in F1 is best used for recording trust accoutn transactions or sued as trust accounts ledgers to track refundable deposits or funds held in holding accounts until certain event has compelted? Doesn T1 have Trust Ledger module?


    Scott Goodwin

    At Yarra Ranges we have a separate Trust Ledger with it’s iwn Chart of Accounts. This Ledger has been set up as an AP Ledger thus allowing Payment Processing. In our case we have not used Payment Processing dues to issues with being able to select specific amounts for refund. We are currently looking at using the retention amount field on all of our trust deposits and manually removing the retention when the amount is dues for refund.

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