Trust Accounting Software Features

Accounting

Built-in accounting or integration with a third party accounting system

Asset Accounting

Manage adding fixed assets to proposed budgets

Bank Reconciliation

Compare and match accounting/financial records with corresponding bank statements

Billing & Invoicing

Create and manage monetary interactions between parties (i.e. bills and invoices)

Case Management

Work on a set of tasks related to a particular charge, patient, legal issue or any other complex entity or process

Check Writing

Issue payments to third parties via checks

Compliance Management

Track and manage non-adherence to policies in a service, product, process, or supplier behavior

Contact Management

Store and find contact information such as names, addresses, and social media accounts

Customer Statements

Reports that show customers their invoices, payments, and balance on the account

Data Import/Export

Import and export information and reports to and from the program

Document Management

Collect, upload, store, and share all documents in a centralized location making it easier for everyone involved to access information

Electronic Payments

Making transactions or paying for goods and services through an electronic medium

General Ledger

Centralized accounting record which tracks all financial transactions

Invoice Management

Manage invoices

Receipt Management

Upload, track, and submit receipts in a central database

Task Management

A running list of action items and their respective status

Tax Management

Track tax-related transactions and ensure compliance

Third Party Integrations

Improve business process by accessing more features and applications by combining third party integrations

Time & Expense Tracking

Log and record hours worked and costs spent to assist in billing and invoicing

Trust Accounting

Bookkeeping of client trust accounts

Workflow Management

Create, design, and visually represent processes within the software

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