Reimburse a Trust Deposit

• Click on the Open Wallet icon

to display the New Payment Preparation tab.

• If you need to reimburse a deposit to a Lawyer , a Seller/Buyer or an Other Depositor , start typing his name in the appropriate field and select it from the list.

NOTE: When an agency needs to reimburse itself to pay a commission, start typing the agency name in the Supplier field and select it from the list.

• Select the account to reimburse the funds from (account where trust is held) in the Payment Method field and click on the Check Mark button.

• In the Address - Receipt of Trust Deposit field, start typing the address of the deal in question, select it from the list and press the TAB key on your keyboard.

• System will display and pre-select the Payment Amount to refund to the client. You also have the possibility of changing this amount.

• Confirm the amount and click on Submit.

• If the cheque is made manually (by hand), put the number of this cheque in the Cheque Number (if manual) field.

• If you click on Submit without entering a manual cheque number, the system will create a reminder on your home page notifying you that you have a payment in preparation that you can process later.

• If you print cheques, select Submit and Print and the system will then proceed to the next screen where it will request a cheque number and allow you to print the cheque.

• The trust deposit will now be refunded in the system.

Related Articles:

• Adding a Trust Deposit
• Adding/Editing a Supplier
• Adding/Editing a Lawyer (100)