Bank Trust Account Management
Trust Account Management
Elite Software’s escrow compliance accounting platform features a powerful Master Escrow Account Log, providing users with a comprehensive, organized view of all escrow trust accounts in one place. Whether you manage a single account or multiple bank trust accounts, there are no limits—giving your business the flexibility to scale with ease.
Each trust account includes a dedicated description field, allowing users to add notes or memos for clear identification. When selecting a trust account for deposits or withdrawals, this description is displayed to help prevent one of the most common accounting errors: posting transactions to the wrong account.
Processing transactions is simple and intuitive. Users can quickly access the account selection dropdown, choose the appropriate bank trust account, and verify it using the displayed description before finalizing the transaction. This built-in verification step adds an extra layer of accuracy and confidence to every entry.
Additionally, all trust account details—such as bank address, account information, and descriptions—can be updated at any time, ensuring your records remain accurate and up to date.
With Elite Software, managing escrow trust accounts is not only efficient, but also reliable, scalable, and designed to keep your operations compliant.
-
Add as Many Bank Accounts as You Need
-
Easily manage all your bank trust accounts in one centralized platform. Capture and organize detailed account information, and access it anytime through comprehensive reporting tools. Whether you manage one account or dozens, there’s no limit—giving you the flexibility to scale as your business grows.
-
View Active, Closed, and Deleted Bank Accounts
-
Stay organized with clear visibility into all your trust accounts. Quickly sort and filter accounts by status—active, closed, or deleted—so you can focus on current escrow transactions while still maintaining access to historical records when needed.
-
Simplified Bank Reconciliation
-
Meet state compliance requirements with ease. Elite Software’s reconciliation worksheet streamlines your monthly reconciliation process by automatically aligning your bank statement balances with your escrow records. Review and verify reconciliations anytime through the reporting tab to ensure complete accuracy and compliance.
-
Efficient Bank Transaction Logging
-
Record every transaction with precision using the intuitive journal entry system. Easily input key details such as transaction date, bank account number, transaction type, and designation as an escrow or broker entry—ensuring accurate and organized financial tracking.
-
Daily Balance Tracking Across All Accounts
-
Stay on top of your finances with real-time visibility into account activity. Access your journal dashboard to view and manage all transactions, and use advanced sorting and filtering options—by date, account, property address, transaction amount, and more—to monitor balances and maintain full control over your escrow operations.
Elite Software's
Escrow Compliance Accounting Software
Designed to Keep Escrow Holders in State Compliance for the US, Canada, UK, and Australia