Trust Accounting

Trust Accounting System (TAS) is designed to help your firm keep track of the trusts you manage. TAS allows you to use as many as nine different checking accounts for trust funds for an unlimited number of trust accounts. Checks written on your trust checking accounts and all deposits made to these accounts are entered into the system, providing current balance information for each individual trust account. TAS will keep the check and deposit entries for an individual trust account for as long as you need them. There is no automatic clearing of checks and deposits. This feature allows you to print, on demand, a ledger for each trust account that includes checks and deposits for as far back as you wish to go. This ledger can be given to the client as a statement of their trust account.If you wish, TAS can write your trust checks for you and provide a check register by bank account for reconciliation of your bank statement. You can also print a check register for an individual trust account.

When integrated with TABS III, TAS trust balances appear on TABS III work-in-process reports, and detail trust transactions or only balances can appear on statements printed by TABS III. Payments made to your firm from a client's trust account can automatically generate a payment in TABS III; and, if integrated, journal entries in STI's General Ledger System. A trust report showing current balance information can be printed at any time, either in client number order, or alphabetically by client name.

Along with TABS III, TAS was first approved by the American Bar Association in 1985. This is your assurance that TAS provides you with all the information you need to effectively keep track of your trusts.