What is a Trust Adjustment?
A Trust Adjustment gives the user t he ability to affect a matter’s trust account while doing a general ledger transaction. For example, if you receive a wire transfer into your trust account on behalf of a client, you could do a Trust Adjustment debiting the client’s trust activity as well as updating the General Ledger. It could also be used to place an entry on a Matter Trust Activity without affecting the General Ledger , such as replacing an entry deleted from someone’s trust activity by mistake. To do this, simply do not debit or credit any accounts on the Debit or Credit tabs and only fill out the first and last tabs on the input screen. Anytime you are affecting the trust account with a journal entry , you should be doing a Trust Adjustment, this keeps the Matter Trust Activity in balance with the General Ledger.
