Deposits and Withdrawals

Create libraries of trust accounting items unique to your facility:

• Deposit and withdrawal items that you will track for your residents
• Vendors who will receive checks to pay residents’ expenses

Record the following:

• Beginning Trust Balances
• Savings and Trust Checking Balance Forwards
• Cash and other deposits that you define
• Cash and miscellaneous withdrawals
• Recurring charges
• Savings account interest
• Checking service charges

Use Trust Checking to:

• Write checks to pay a resident’s expenses.
• Include multiple residents’ expenses on the same check to a single vendor.
• Automatically update residents’ trust accounts with check transactions.
• Track outstanding checks and reconcile the checks with the bank.

Automatically transfer funds from the Patient Liability payment recorded in Resident Accounting.