Reversing Client/Trust Matter to Matter Transfer
Overview
This guide explains how to reverse a previously posted Client/Trust Matter-to-Matter transfer.
Ensure you have the Client/Trust Ledger reversal permissions before proceeding. Reversals are immediate and logged for audit purposes.
Step-by-Step Guide
| Step | Action / Instructions |
|---|---|
| 1 – Select Matter | Navigate to Matters → select the relevant Matter. |
| 2 – Open Ledger | Click Matter Actions → Client/Trust Ledger. |
| 3 – Access Ledger Entries | Select Client/Trust Cash Account from the dropdown → click Ledger Entries. |
| 4 – Locate Transfer Transaction | Find the relevant Matter-to-Matter Transfer → click the Ledger icon to view details. |
| 5 – Initiate Reversal | Click the Reverse button at the bottom right of the screen. |
| 6 – Set Reversal Date | The Reversal Date defaults to the original transaction date. Amend if necessary by typing or selecting from the calendar. |
| 7 – Enter Reason | Provide a brief Reason for the reversal in the field. |
| 8 – Complete Reversal | Click Reverse to post the reversal transaction. |
Always verify the transaction details before reversal to ensure accurate accounting records.
Quick Reference
- Select Matter: Matters → select the relevant Matter
- Open Ledger: Matter Actions → Client/Trust Ledger
- Ledger Entries: Client/Trust Cash Account → Ledger Entries
- Locate Transfer: Find transfer → click Ledger icon
- Reverse: Click Reverse
- Set Date: Confirm or edit Reversal Date
- Reason: Enter reason for reversal
- Complete: Click Reverse to post
Best Practices
- Audit Trail: All reversals are automatically logged for compliance purposes.
- Backdating: Verify the reversal date aligns with your accounting periods.
- Permissions: Only users with Client/Trust Ledger reversal rights can perform this action.
- Review: After reversal, check the Client/Trust Ledger balances to ensure accuracy.