NOTE: In the UK, trust accounts are called client accounts. Throughout this article, any reference to a trust account also means a client account.
You can review your trust account settings by reviewing the Trust Admin page.
To access your trust settings:
- In Actionstep Practice Management, go to Admin > Trust accounting.
On the Trust Accounts page that appears, use the image below to understand how the page is organized.
A. Regional Trust Setting / Plug-in
This section shows which regional trust plug-in you are using for trust accounting. For more information, see Setting Up Trust (or Client) Accounting (Admin).
B. Matter Types
This section shows which of your firm's matter types have been enabled for trust accounting. You can click the ellipses icon next to a matter type name to review and change the configuration or remove the matter type from trust accounting. You can also click the Add matter type icon at the top of the list to add other matter types currently not set up for trust accounting. For more information, see Associating a Trust (or Client) Account with a Matter.
Note: To hide the list of matter types so you can more easily view the other options on the page, click the collapse icon at the top of the list.
C. Bank Accounts
In this section, you can view the details of all trust bank accounts held by the firm. Here, you can add new bank accounts (by clicking the plus icon near the top-right corner of the list). You can also click the ellipses icon for each bank account and edit the account details or set up the account's interest rates. For more information, see Managing Trust (or Client) Bank Accounts.
D. Protected Funds Reasons
In trust accounting, you can designate that certain funds you receive from a client be protected. This allows you to specifically indicate how funds can be used for the client. When protecting funds, users should choose from a list of firm-defined reasons for the protection. These reasons can be created and listed here. For more information, see Designating Trust (or Client) Funds as 'Protected'.
E. Linked System Accounts
This section shows which general ledger accounts have been linked to your trust accounting. This is where you are able to change linked GL accounts if this differs from the default that Actionstep automatically links. For more information, see Viewing System Accounts and About Linked System Accounts in Trust Accounting Administration.
F. Bulk Import Specifications
You can import multiple trust receipts as well as payments at once using options available in the Trust menu. This section shows you bulk import specifications you've already created. For more information, see Setting Up Bulk Import Specifications for Trust (or Client) Accounting (Admin).
G. Additional Settings
Options in this section allow you to edit overrides, deposit slips settings, default payment methods, reason for payment, trust statement settings, and trust lock-out date. For more information, see Getting to Know Trust Accounting Administration - Additional Settings Page.
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