Setting Up Trust (or Client) Accounting (Admin)

Actionstep's trust accounting tools help law firms / offices comply with rules that many legal jurisdictions have in place regarding the accounting of funds held in trust on behalf of a legal client. 

These trust tools help you record trust transactions (receipts and payments) and then run trust reconciliations to ensure your records match what is actually occurring in your trust bank accounts. This information will then "feed" into various trust reports. Many jurisdictions will audit trust transactions and reports to ensure you are maintaining your trust accounts correctly. 

Your trust account should already be set up by your Certified Consulting Partner when you first implemented your Actionstep system. However, if you need to add another account or want to view or change the details of the trust account, an admin can make these adjustments.

To do this:

1. In Actionstep, go to Admin > Trust accounting. A message appears, informing you that you need to connect your accounting system before configuring your trust accounting.
   
2. Click Choose accounting system. As long as your accounting preferences have already been set up, the Trust Accounting page appears.
   
3. In the Regional settings section, click the Jurisdiction drop-down list and choose the jurisdiction for your trust accounting. Choose carefully since this cannot be changed later. (See Trust Jurisdictions for more information.)
4. In the System accounts section, click the Trust Liability and Trust Transfers drop-down lists and choose the system accounts you want to use to track your trust accounting data. Your system accounts are suggested by default, so you may not need to change these.
5. Click Save to save your changes and enable trust accounting in your system. 

Related Articles:

• Trust Accounting Administration
• Trust Accounting Reports and Permissions