Trust Accounting Sample Reports
Trust Accounting Sample Reports
Copyright 1983-2015Software Technology, Inc.1621 Cushman DriveLincoln, NE 68512(402) 423-1440www.Tabs3.comPortions copyright Microsoft CorporationTabs3, PracticeMaster, and the “pinwheel” symbol ( ) are registered trademarks ofSoftware Technology, Inc.Version 17 (January 2014)
Tabs3 Trust Accounting SoftwareSample ReportsPurposes & Benefits of TAS ReportsThe following table shows the various reports in TAS including their purposes and benefits.PURPOSES & BENEFITS OF TAS REPORTSReportPurposeBenefitWhen to RunBank Account ListProvides a list of bank accountsincluding their current balanceand last check number used. Alsoincludes GLS account numbersand Tabs3 transaction codes forintegration purposes.Quick access to bank accountbalance.As needed.Payee ListProvides a list of payees andaddresses in alphabetical order.Easy to review addressinformation, Federal ID numbersand which 1099 box is set up forthe payee.As needed.Trust Account ListProvides a list of trust accountswith their respective balancesand grand totals in detail orsummary format. Flexiblesubtotaling options allowsubtotaling by bank account orattorney or both. Use currentbalances or specify balances as ofa selected date.A “totals only” report can beprinted. Zero balance trusts canbe excluded and a list of trustaccounts whose balances fallbelow the desired minimumbalance can be printed.Optionally include dates of lastdeposit, check and EFT.As needed.Transaction Entry ListThe Transaction Entry Lists isused to provide trust transactionsthat can be accessed using thetransaction entry program.Separate entry lists can be printedaccording to your View Options.Provides the ability to instantlyprint the items in yourTransaction Entry List withoutleaving the transaction entrywindow.As needed.TransactionVerification ListProvides a paper audit trail of alltrust transactions entered from allsources in bank account or entryorder. Changes and deletions arealso included. Separate lists aremaintained for each User ID.Allows the data entry operator tocheck his/her work after eachdata entry session.Usually after each data entrysession. TAS can be configuredto not allow deletion of theverification lists unless they havebeen printed.Reconciliation ReportShows reconciled trusttransactions, unreconciled trusttransactions or both in a summaryor detail format. Option toinclude checks, deposits, EFTs orall trust transactions.Provides a paper listing of alltrust transactions reconciledduring the current reconciliation.A useful tool for determiningwhere discrepancies reside whennot in balance.As needed.Voided Check ListIncludes checks that have beenvoided since the last timetransactions were purged.Provides an audit trail of voidedchecks that includes the date thecheck was voided.As needed and before running thePurge Transactions program.Sample Reports for TAS Version 171
PURPOSES & BENEFITS OF TAS REPORTSReport2PurposeBenefitWhen to RunCheck Register by TrustAccountIncludes activity by individualtrust account for a range of trustaccounts. Transactions areprinted in date order. Voidedchecks are included.Easily review activity for trustaccounts. Includes referencenumbers for editing purposes.As needed.Check Register by CheckNumberProvides a listing of checks,deposits and EFTs for a specifieddate range. Include or excludevoided checks.Provides a complete list ofchecks in check number orderwith an optional running balance.Easy to spot missing checknumbers.Annually and as needed.Check Register by PayeeProvides a listing of all checksand EFTs for specified Payees.Include or exclude voidedchecks.Easily determine if checks orEFTs have been written to apayee and what Trust account itwas from.As needed.Client Trust LedgerIncludes activity by trust accountfor a range of trust accounts.Transactions are printed in dateorder. Voided checks are notincluded. Optionally excludezero balance trusts or no activitytrusts.Includes a running balance aftereach transaction. This report canbe given to the client as a recordof all activity on the account.As needed.1099 ReportVerify 1099 information beforeprinting forms or preparing APSmerge file. Provides a list of trustaccounts who have paid payeesmore than a specified amount in acalendar year. Optionally includedetailed information for eachdisbursement.Easily determine if Federal IDnumbers are entered and verifywhich 1099 box is set up for thepayee.Annually and as needed.1099 FormFulfills IRS reportingrequirements.Eliminates manual preparation offorms. Streamlines mandatoryannual chore.Annually and as needed.Sample Reports for TAS Version 17
Sample ReportsTable of Contents1099 Form . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 221099 Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21Attorney List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Bank Account List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Bank Account Reconciliation Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Check . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Check List, Voided. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18Check Register By Check Number. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13Check Register By Payee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14Check Register By Trust Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15Client Trust Ledger. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Criteria Page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7Detail Reconciliation Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Ledger, TAS Client Trust . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Payee List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6Reconciliation Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17TAS Client Trust Ledger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19TAS Transaction Verification List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Trust 1099 Report. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21Trust Account List. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8-9Trust Ledger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Trust Transaction Entry List. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7Trust Transaction Verification List. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Verification List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Voided Check List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18Sample Reports for TAS Version 173
Standard Trust Accounts TabStandard Transactions TabStandard Sort TabStandard Program Tabs for ReportsThe selection criteria for many reports are broken down into program tabs. Program tabs include the Trust Accounts tab, Transactions tab,Options tab and Sort tab. The program tabs classify the selection criteria in a consistent format, making it easy for the operator to select thedesired options.The information on the Trust Accounts, Transactions and Sort tabs is the same for all reports that use these tabs. The exception to this isthe Trust Account List which has a unique Sort tab. Examples of the three standard program tabs are shown above. The information on theOptions tab is unique for each report that uses it.The following descriptions of each report include the program tabs that are used by the report. If the report uses the Options tab, then theparameters that can be selected on this unique program tab are listed.Optional Report FooterThe software can be configured to include an optional footer on the reports. The footer includesthe day of the week, date, and time the report is printed. You can optionally include a horizontalruling line and the initials of the User ID who prints the report.The footer is configured at the printer level for each workstation in the Advanced PrintingOptions window (File Print Setup Advanced Printing Options).The following is an example of a footer with the user initials and horizontal ruling line.DKHThursday 10/16/2014 1:55pm4Sample Reports for TAS Version 17
Attorney ListThe list shown below is an Attorney List. It shows the information in the attorney file. Each line of the report consists of the attorneynumber, initials and name. An * next to the Attorney’s name indicates the Attorney is marked inactive. A Responsible Attorney is assignedto each trust account thereby allowing reports to be printed by attorney. The list can be sorted alphabetically by attorney initials ornumerically by attorney number.Date: 11/17/2014Page: 1TAS Attorney ListBurns, Jensen & Powers, P.C.Attorney12345RJBMLJPAMDHBJPPRobert J. BurnsMichael L. JensenPaula A. MadisonDaniel H. BradyJulie P. PowersBank Account ListThe Bank Account List shown below displays the information in the bank account file.Date: 11/14/2014Page: 1TAS Bank Account ListJensen, Martin, Hilde & Anderson, P.C.BankAccount1DescriptionCurrentBalanceLastCheck #First Bank IOLTA Account4977.5345341Tabs3 Statement/WIP TerminologyBalance:Opening Balance:Closing Balance:Bill Remit Amount:Target Remit Amount:Example of informationshown when integrating withGLS and Tabs3NYour retainer balance isOpening retainer balanceClosing retainer balanceAs per our agreement please remit:To meet your minimum retainer balance, pleaseremit:Reg PymtTabs3 Tcodes:Fee PymtExp PymtAdv Pymt900GLS Accrual ate: 11/14/2014DescriptionAccrual PostingPage: 1TAS Bank Account ListJensen, Martin, Hilde & Anderson, P.C.BankAccount1Example of informationshown when integrating withGLS without Tabs3DescriptionCurrentBalanceLastCheck #First Bank IOLTA Account4977.5345341Tabs3 Statement/WIP TerminologyBalance:Opening Balance:Closing Balance:Bill Remit Amount:Target Remit Amount:DebitGLS Accounts:GLS Accrual InformationDebit1150.00AllowNegNYour retainer balance isOpening retainer balanceClosing retainer balanceAs per our agreement please remit:To meet your minimum retainer balance, pleaseremit:Reg Pymt1110.00CreditJrnl2310.001Fee PymtExp PymtAdv PymtJrnl4100.004400.001210.002DescriptionAccrual PostingDefinitionsBank AcctBank account number defined in TAS. Up to 99 different bank accounts can be defined.Current BalanceCurrent balance of all trust accounts in the bank account. The current balance does not include unpaid checktransactions.Last Check #The last check number used. This field is used to determine the default check number when printing checks oradding a check that has already been printed. The default check number is determined by adding “1” to thenumber in this field.Allow NegThis field determines whether a negative balance is allowed for the individual trust accounts in the bank account.Note: The following information prints only if you are integrating with Tabs3 General Ledger Software (GLS) and/or Tabs3.Debit GLS AccountThe Debit GLS Account represents the GLS account that is debited for the transaction (typically a GLS cashaccount).JrnlGLS journal number. All GLS journal entries are posted to this GLS journal.Reg Pymt, Fee Pymt,Exp Pymt and AdvPymt GLS AccountsThese account numbers represent the GLS accounts that can be credited for the check or EFT to the payee of“FIRM”.Reg Pymt, Fee Pymt,Exp Pymt and AdvPymt Tabs3 TcodesThese Tabs3 transaction code numbers represent the Tabs3 payment transactions that can be posted for the checkor EFT to the payee of “FIRM”.Sample Reports for TAS Version 175
Date: 11/17/2014Page: 1TAS Payee ListBurns, Jensen & Powers, P.C.Payee Name & AddressFederal ID #1099 BoxCass County Treasurer145 North 4thPlattsmouth, NE 68048NLancaster County Clerk555 South 10th StreetLincoln, NE 68508NLancaster County Court555 South 10th StreetLincoln, NE 68508NLancaster County Treasurer555 South 10th StreetLincoln, NE 68508NFirm1621 Cushman DriveLincoln, NE 6851212-34567897Dawson/Charles L.27550 Cottonwood DriveSan Bernadino, CA 92408231-90-82537Able/Paul245 South 20th Street, Apt. #12Lincoln, NE 68510368-12-09871Smith/David P.1000 'O' Street, Suite 420Lincoln, NE 68510401-98-87657Bryan/LGH East Medical Center1600 South 48th StreetLincoln, NE 6850647-52058566D & B Real Estate Management Co.7589 Van Gogh StreetP.O. Box 64352Lincoln, NE 6850147-83831821Banks, McCobe & Heins2031 South 70th StreetSuite 102Lincoln, NE 6850647-846295414Noble/LoriMedical Records Department1823 South StreetLincoln, NE 6850247-93827776Payee ListThe list shown above represents the information in the payee file. The payee file saves you time by allowing you not to have to enter thesame payee name and address repeatedly. A special payee called “FIRM” allows General Ledger Software journal entries and Tabs3payments to be created and posted automatically when integrating with GLS and Tabs3. When using “FIRM” as a payee, the firm’s name isretrieved from the Firm Information file in System Configuration and is printed on checks and reports. You have the ability to select abeginning and ending payee when printing this list. You can optionally print the list in Federal ID # order.DefinitionsFederal ID #This number represents the Federal ID Number or Social Security Number of the payee if an IRS Form1099-MISC is desired for the payee.1099 BoxIndicates whether the payee will have a 1099-MISC form printed and the box in which the information will No form will be printed.The information will print in Box 1 (rents) on the 1099 form.The information will print in Box 3 (prizes, awards, etc.) on the 1099 Form.The information will print in Box 6 (medical and health care payments) on the 1099 Form.The information will print in Box 7 (nonemployee compensation) on the 1099 Form.The information will print in Box 14 (gross proceeds paid to attorneys) on the 1099 Form.Sample Reports for TAS Version 17
Date: 11/17/2014Page: 1TAS Client Trust LedgerBurns, Jensen & Powers, P.C.System Date: 11/17/2014Time: 09:40 AMTrust Account Selection Criteria:Trust Account Number:Name Search Key:Bank Number:Responsible Attorney:Open Date:200.03Transaction Selection Criteria:Date:Save/Purge:BothUser ID: mm/dd/yyyymm/dd/yyThru:mm/dd/yyClient Trust Ledger Options:Include Zero Balance Trusts: YesInclude Only Active Trusts: NoInclude Voided Checks: NoPrint Subtotals Only: NoStart Account on New Page:Sort Options:Trust Account Order:NumericPrint Trust Subtotals:YesSort by Responsible Attorney:YesYesCriteria PageThe report shown above is an example of a Criteria Page. A Criteria Page is an optional page that can be printed at the end of most reports.This separate page lists all options and criteria used for generation of the report. The options listed on the Criteria Page are broken down byprogram tabs where applicable. The Criteria Page shown above is for a Client Trust Ledger.Date: 11/14/2014Page: 1Trust Entry List by Trust IDJensen, Martin & Anderson, P.C.101.00 Williams/JohnState v. WilliamsBankRef #DateCheck eposit4533545336DepositAmount sEFTs923.402,923.400.00Total2,000.00Initial Deposit -- Check 1011Payment of August InvoicePayment of September InvoiceRetainer Payment Received, Thank You!PayeeFIRMFIRMTrust Transaction Entry ListThe report shown above is an example of an Trust Transaction Entry List. This list can be printed from within the Trust Transactions data entrywindow. The contents of this list depends on the options specified in the associated View Options window. The sort order of the records is basedon the sort column selected in the list.Sample Reports for TAS Version 177
Date: 11/17/2014Page: 1TAS Trust Account ListBurns, Jensen & Powers, P.C.Bank Account: 1 First National Bank - Trust #1Trust Name/Description200.03-1 Jefferson Insurance Co.Re: Acquisition of Mid-State InsuranceLast Deposit:Last Check:09/26/201410/16/2014AttorneyContact/Phone001 RJBMike Johnson402-464-2200Last EFT:1005Check e)First National Bank - Trust #1 Total:Date: 11/17/20142,562.61Page: 1TAS Trust Account ListBurns, Jensen & Powers, P.C.Bank Account: 2 First National Bank - Trust #2Trust Name/Description100.00-2 Dawson/Charles L.Re: EstateLast Deposit:Contact/Phone005 JPPChuck Dawson714-884-7525Last EFT:201705/12/2014Paul Able402-322-1459Last EFT:2018(none)10/10/2014Last Check:10/14/2014Check #:05/15/2014Last Check:10/27/2014Check #:450.00-2 Able/Paul & MaryRe: Parent's EstateLast Deposit:Attorney001 ,321.00First National Bank - Trust #2 Total:82,317.43Trust Account ListThe Trust Account List can be printed in detail or summary format. You can elect to print totals only. Examples of trust account lists areshown above and on the following page. The program tabs for this report include the standard Trust Account tab (page 4) as well as theOptions tab and a unique Sort tab. The Options tab allows you to select whether the report should be printed in detail or summary format;whether to print a current balance or the balance on a specified date; whether only trust accounts with balances below the desired minimumbalance should be selected; whether zero balance trust accounts should be included; and whether to print the last transaction dates. The Sorttab allows you to select a primary and secondary order of bank account, attorney or none; print a “totals only” report; subtotal by trustaccount; and print trust accounts in alphabetical or numerical order.The Trust Account List shown at the top of the following page is a detail list printed in alphabetical order with a primary sort order of bankaccount and no secondary sort order. The remaining Trust Account Lists on the following page are “totals only” reports with various sortorders selected. The two-page Trust Account List shown above is a summary list printed in numerical order using a primary sort of bankaccount and no secondary sort order. The “Totals Only” check box is cleared. Zero balance trust accounts are included. Last transactiondates are included.Definitions8Trust #Trust ID. The bank account number is shown following the Trust ID and a dash character.AttorneyThe responsible attorney number and initials.Desired Minimum BalYou can select to include only trust accounts whose current balance is less than the desired minimum balance.Current Balance ormm/dd/yyyy BalanceThe trust account balances include unpaid check transactions. This balance can represent the current balance orthe balance as of a certain date.Tabs3 Target BalanceThis field will be included on the detail report if you are integrating with Tabs3 and an amount greater than zerohas been entered. This field will not be shown or used if the Tabs3 Amount to Bill field has an amount greaterthan zero. (Not shown on the sample report.)Tabs3 Amt to BillThis field will be included on the detail report if you are integrating with Tabs3 and an amount greater than zerohas been entered.Name SearchThe Name Search field is used for alphabetical sorting.Last Deposit , LastCheck, Last Check #,Last EFTThe date of the last deposit, last check date and check number, and last EFT date. This information is shown onlyif the Print Last Transaction Dates check box is selected. Although a trust balance can be printed as of aspecified date, all trust transactions are used when determining the last transaction dates.Sample Reports for TAS Version 17
Date: 11/17/2014Page: 1TAS Trust Account ListBurns, Jensen & Powers, P.C.350.00-3 Carter/Arthur J.Re: Business Consulting4920 EverettLincolnContact:Art Carter002 MLJNE68503Desired Minimum Bal:500.00Name Search:CARTER/ARTHUR J.200.03-3 Jefferson Insurance Co.Re: Acquisition of Mid-State InsuranceAmerican Charter Building9th & West 'O' StreetsSuite 220LincolnNE68510-6330Contact:Mike JohnsonDesired Minimum Bal:500.00Tabs3 Amt to Bill:500.00Name Search:JEFFERSON INSURA400.00-3 Lutz/JodyRe: Manage trust account for JodyRural Route #3Box 57GreenwoodNEContact:Jody LutzDate Opened:Fed ID:Business:Current Balance:Detail Alphabetical Listo Totals OnlyPrimary Order Bank Account03/14/201497-7654323402-438-84242,139.75001 RJBDate Opened:04/15/2014Fed ID:Business:Current Balance:98-7654321402-464-22003,185.00005 JPP68533Desired Minimum Bal:Name Search:LUTZ/JODY0.00Date Opened:03/04/2014Fed ID:Mobile:Current Balance:12-3456789402-598-2354First Federal - Trust Account Total:Date: 11/17/201410,895.1016,219.85Page: 1TAS Trust Account ListBurns, Jensen & Powers, P.C.þþTotals OnlySubtotal by Trust AccountPrimary Order NoneSecondary Order NoneDate: 11/17/2014Trust 100.00 Subtotal:Trust 200.03 Subtotal:Trust 350.00 Subtotal:Trust 400.00 Subtotal:Trust 450.00 00Grand Total:101,099.89Page: 1TAS Trust Account ListBurns, Jensen & Powers, P.C.þþTotals OnlySubtotal by Trust AccountPrimary Order Bank AccountSecondary Order NoneDate: 11/17/2014Trust 200.03 Subtotal:2,562.61First National Bank - Trust #1 Total:2,562.61Trust 100.00 Subtotal:Trust 450.00 Subtotal:50,996.4331,321.00First National Bank - Trust #2 Total:82,317.43Trust 200.03 Subtotal:Trust 350.00 Subtotal:Trust 400.00 Subtotal:3,185.002,139.7510,895.10First Federal - Trust Account Total:16,219.85Grand Total:101,099.89Page: 1TAS Trust Account ListBurns, Jensen & Powers, P.C.þþTotals OnlySubtotal by Trust AccountPrimary Order AttorneySecondary Order NoneSample Reports for TAS Version 17Trust 200.03 Subtotal:Trust 450.00 Subtotal:5,747.6131,321.00Robert J. Burns Total:37,068.61Trust 350.00 Subtotal:2,139.75Michael L. Jensen Total:2,139.75Trust 100.00 Subtotal:Trust 400.00 Subtotal:50,996.4310,895.10Julie P. Powers Total:61,891.53Grand Total:101,099.899
Date: 11/17/2014Page: 1TAS Transaction Entry Verification ListBurns, Jensen & Powers, P.C.User: MLJ Michael L. 09/05/201409/05/2014S1,200.00 Expense money for Dawson3 Dep09/05/201409/05/2014S4,525.75 Sale of stocksCarter/Arthur J.34 EFT09/19/201409/19/2014S441.75 Attorney fees450.0021 Chk201209/19/201409/19/2014S1,250.00 Accountant fees100.0027 Chk201309/22/201409/22/2014S1,450.00 Real estate taxes100.0028 Chk009/29/201409/29/2014D0.00 Management fees200.0311 Chk102310/10/201410/10/2014S25.00 Filing fee for petitionTrustBankRef # Type100.0025 Dep100.0026 Chk350.003350.00Check #2011Amount DescriptionPayee25,000.00 Initial DepositDawson/Charles L.Dawson/Charles L.27550 Cottonwood DriveSan Bernadino, CA 92408Dawson/Charles L.Burns, Jensen & Powers, P.C.1621 Cushman DriveLincoln, NE 68512Carter/Arthur J.Banks, McCobe & Heins2031 South 70th StreetSuite 102Lincoln, NE 68506Able/Paul & MaryLancaster County Treasurer555 South 10th StreetLincoln, NE 68508Dawson/Charles L.D & B Real Estate Management Co.7589 Van Gogh StreetP.O. Box 64352Lincoln, NE 68501Dawson/Charles L.Lancaster County Clerk555 South 10th StreetLincoln, NE 68508Jefferson Insurance st Checksum 175003Changed EntriesNew350.0033 Dep09/05/201409/05/2014S4,525.75 Sale of stocksCarter/Arthur J.Old350.0033 Dep09/05/201409/05/2014S4,255.75New100.0025 Dep08/29/201408/29/2014S25,000.00 Initial DepositDawson/Charles L.Old100.0025 Dep08/30/201409/05/2014S52,000.0028 Chk09/29/201409/29/2014SDeleted Entries100.000721.00 Management feesD & B Real Estate Management Co.7589 Van Gogh StreetP.O. Box 64352Lincoln, NE 68501Dawson/Charles L.Total Transaction Count 11(Description and definitions on page 11.)10Sample Reports for TAS Version 17
Transaction Verification ListThe TAS Transaction Verification List is a listing of all trust transactions (checks, electronic funds transfers and deposits) that have beenadded, changed or deleted since the last time the list was printed. This list is optional and is provided so you can verify the accuracy of thetransactions that were entered. The list can be printed in either entry order or bank account order. Every user has their own verification list.The Transaction Verification List shown on the previous page was printed in entry order.DefinitionsDateThe date in the heading represents the date the verification list was printed.TrustTrust ID.BankBank account number.Ref #Reference number identifying the transaction for editing purposes.TypeIndicates whether the transaction was a check, deposit or EFT. “Chk” check transaction, “Dep” deposittransaction and “EFT” electronic funds transfer transaction.Check #Check number. If this field is blank, then the transaction is a deposit or EFT. If this field “0”, then the check isan unpaid check transaction (i.e., the transaction was entered with a check number of “0” indicating that thecheck will be printed later using the Print Checks program).Trans DateDate of the transaction.Date EnteredDate the transaction was entered.S/PSave/Purge field. “S” save the transaction. “P” 1 purge the transaction when the Purge Trust Transactionsprogram is run with the appropriate purge date. “D” deleted transaction.DescriptionThe trust account description. The trust account name is printed underneath the description.PayeeName and address of the party being paid. Payees are included only on check and EFT transactions. If the checkor EFT was made out to the payee of “FIRM”, the firm’s name is retrieved from the Firm Information file inSystem Configuration and is printed on the report.Trust ChecksumTotal of the Trust IDs (the decimal is not used in the addition, i.e., 30000 30000 45000 etc.). The purpose ofthis number is to provide a cross-total for batched entries. By manually totaling the Trust IDs from the checks,deposits and EFTs entered, and comparing the total to the checksum, you can ensure that all trust transactionshave been entered and assigned to the proper trust account.Changed EntriesAny transactions that are edited will be listed under the Changed Entries section. The record under the “New”heading reflects the changes. The record under the “Old” heading reflects the record before the changes.Deleted EntriesAny trust transactions that are deleted will be listed under the Deleted Entries section.Total TransactionCountTotal number of transactions on the list including changes and deletions. Each changed transaction (i.e., both oldand new) counts as one transaction.1Not shown on the sample report.Sample Reports for TAS Version 1711
Optional check number.Amount line can beoptionally spelled out.Optional trustaccount name.Optionalmemo field.Optional trust accountnumber and bankaccount number.Up to 87 charactercheck descriptionallowed.Optional duplicatecheck stub(laser forms only).ChecksTAS gives you the option to print checks using TAS or print checks outside of TAS. A Quick Print feature is available when using the TrustTransactions program allowing you to print a check without leaving the Trust Transactions program.The check shown above was printed by TAS. Checks can be printed by a laser printer or a printer that uses continuous form checks. Theprogram tabs for the Print Checks program include the standard Trust Accounts and Transactions tabs (page 4).Before printing checks, you may be given the option to print unlimited test patterns. If a test pattern is printed and you are using checks withpreprinted check numbers, the check number used for the test pattern(s) will automatically be voided.Batches of checks can be printed in trust account order or entry order. The order is a system-wide setting that is specified in TASCustomization.The check shown above was printed on a laser printer. The information on the check stub is duplicated on the third part of the laser checkform (optional). The check number is printed on the check along with a spelled out amount. The Trust ID is printed on the check stub.These options are defined in the TAS Check Printer Setup window.Settings for a TAS Check printer can be configured in the Print Setup program. The TAS Print Checks program was designed to printchecks using a 12 point font (i.e., 10 characters per inch) on forms from Nelco.The date used for the check is the trust transaction date.12Sample Reports for TAS Version 17
Date: 11/17/2014Page: 1TAS Check Register by Check NumberBurns, Jensen & Powers, P.C.Bank Account: 2 First National Bank - Trust #2Check #DateReconTrust ID Trust Name/Check DescriptionPayeeDepositsWithdrawalsBeginning 5.00200.03 Jefferson Insurance Co.Prepayment for services1,500.0057,025.0009/08/2014100.00 Dawson/Charles L.Sale of stocks4,255.7561,280.75201109/08/2014100.00 Dawson/Charles L.Expense money for DawsonDawson/Charles L.1,200.0060,080.75201209/19/2014450.00 Able/Paul & MaryAccountant feesBanks, McCobe & Heins1,250.0058,830.75Deposit08/25/2014450.00 Able/Paul & MaryRetainer DepositDeposit08/29/2014100.00 Dawson/Charles L.Initial 8,830.75201409/22/2014100.00 Dawson/Charles L.Real estate taxesLancaster County Treasurer1,450.005
to each trust account thereby allowing reports to be printed by attorney. The list can be sorted alphabetically by attorney initials or numerically by attorney number. Bank Account List The Bank Account List shown below displays the information in the bank account file. Definitions Bank Acct Bank account number defined in TAS. Up to 99 .
FINANCIAL ACCOUNTING : MEANING, NATURE AND ROLE OF ACCOUNTING STRUCTURE 1.0 Objective 1.1 Introduction 1.2 Origin and Growth of Accounting 1.3 Meaning of Accounting 1.4 Distinction between Book-Keeping and Accounting 1.5 Distinction between Accounting and Accountancy 1.6 Nature of Accounting 1.7 Objectives of Accounting 1.8 Users of Accounting Information 1.9 Branches of Accounting 1.10 Role .
Charitable Gi t Annuity LEAD TRUST PAYOUTS A lead trust makes payments to charity in one of two ways: Lead Annuity Trust With a lead annuity trust, the trust pays a fixed amount each year regardless of the current value of the trust. There is a potential for growth in the trust because the annuity is fixed and the trust principal can compound.
Accounting Policies, Changes in Accounting Estimates and Errors Objective 1 The objective of this Standard is to prescribe the criteria for selecting and changing accounting policies, together with the accounting treatment and disclosure of changes in accounting policies, changes in accounting estimates and
ACCT 2100 Principles of Accounting 3 Ph.D. Accounting Virginia Tech Yes ACCT 3131 Cost Accounting I 3 Yes Berrigan, Isabel M ACCT 3124 Governmental Accounting 3 M.S. Accounting - Auditing University of New Orleans No ACCT 2100 Principles of Accounting 3 M.S. Accounting University of New Orleans No ACCT 3
Level 3 Accounting OVERVIEW – Course Information page ii General Overview NCEA Level 3 Accounting covers partnership accounting, company accounting, company annual report interpretation, cost accounting, management accounting and decision making. The Accounting Scholarship Standard is one standard with a focus on repo
Accounting Education, (2) Accounting Education, (3) Advances in Accounting Education, (4) Global Perspectives on Accounting Education, (5) Issues in Accounting Education, and (6) The Accounting Educators’ Journal. As noted in Table 1, this article is the 12th in a series of accounting education literature reviews first published in 1986.
Accounting Principles Generally Accepted Accounting Principles (GAAP) are the standard framework of guidelines for financial accounting/preparation of financial statements which has strong tight with the common accounting practices along with the accounting standards. Accounting principles are same as accounting concepts which discussed earlier.
Department of Accounting became the School of Accounting, and in late 1980, our undergraduate accounting program and master of accounting program started being ranked in the top five in the nation. We also moved into the School of Accounting building. In 1990, the School of Accounting changed its name to the Leventhal School of Accounting.
