Trust Account Setup

[wdicksons]

I would like to set up a Trust Account and I am not sure what to do exactly. I have searched a bit on the internet and read that I should set up a Bank Account and a Liabilities Account. Does somebody have a suggestion?

[Brad132]

Dickson

 

I'll try to answer your question about setting up a Trust Account.

 

On the Start / Home page of Express Accounts

1. Click on the Options tab (tools as an icon )

2. Click the Accounts tab next to the Company tab

3. Towards the bottom of the Accounts window click the Add button

4. Account name box type Trust Account or ?

5 Below the Account name box click the 0 that applies to your situation Asset or Equity or Income.

 

Back at the Account window you add in expense accounts related to your trust account by clicking the Expenses 0 then selecting the Type of Expenses from the drop down and giving the account a number.

 

Brad