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Matter To Matter Internal Trust Funds Transfer

Introduction

You can use our matter-to-matter internal transfer tool to transfer funds:

  • between trust accounts, for the same matter and for the same client
  • between two matters for the same client
  • between two matters belonging to different clients

A few things to keep in mind when doing this:

  • A Matter to Matter Internal Trust Funds Transfer is also a great tool when changing trust banks. Simply create a transfer for the same matter and select the appropriate banks. For more information, see Switching Trust Banks
  • Your money will not be physically moved from one place to another. This action is used strictly for appropriate trust funds accounting.
  • This function will create 2 transactions automatically which will be linked, which makes this functionality reliable in case you need to come back and make changes later. If you delete one of the transactions, the other will be deleted as well.

Create Internal Trust Fund Transfer

  1. Click the Matters Tab on the left-hand menu 
  2. Single-click to select the matter you wish to transfer from
  3. Click Action and select Matter-to-Matter Internal Trust Funds Transfer 
  4. Complete the Matter to Matter Transfer wizard (see below for more information)
  5. When completed, click Complete Transfer

Complete the Matter to Matter Transfer Wizard 

On the introduction window, click Next to continue

On the Provide Transfer Details window

  1. Enter Amount you wish to transfer
  2. The ‘from’ Matter is the matter you’ve selected to start with, select the bank account you wish to transfer from, if this matter is related to more than one trust account
  3. Select the Matter you wish to transfer to
  4. Select the Bank Account you wish to transfer to, if the matter is related to more than one trust account
  5. Click Next

On the Additional Information window

  1. Select the appropriate date of the transfer
  2. Verify Type, and select Method
  3. Enter Ref # if applicable
  4. Verify Payee Information
  5. Verify Memo is correct for internal record-keeping

On the Review… window

Ensure the information is correct, and click Complete Transfer

All set! When reviewing your trust transactions for the matter(s) affected, you will see adjustments.

Switching Trust Banks

Updated on August 23, 2018

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