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Journal and Ledger Entry

Add Journal Ledger Entries

Elite Software's Escrow Compliance Accounting Software makes it easy to add transactions for any purpose. Whether the transaction is to record deposits or withdrawals, the software gives the user the option to choose one contract or choose one from multiple contracts. You can make multiple entries to cover one deposit that has more than one purpose. The software will keep track of all monies in the contracts, and the amounts are always listed with the total deposit amount, less the withdrawal amount with a balance for each contract. This way, the user is aware of the running balance for each contract and will make them aware if they're putting the contract into a negative balance. When making an escrow deposit, whether for holding money for a real estate purchase, security deposit, rent, escrow funds, client’s retainer or client funds, and creating the property cards and contracts to assign and keep track of all those funds can be a difficult task. With Elite Software, the add-journal-entry deposit becomes a straightforward task creating the property cards for all the associated people and contracts, so all the funds are journaled appropriately all at one time.

Add Escrow and Broker Transactions

Specify if the transaction is an escrow-type entry or broker-type entry to keep these transactions organized separately.

Enter One or Multiple Journal Entries For Transactions

Specify if the transaction is an escrow-type entry or broker-type entry to keep these transactions organized separately.

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Assign Owners, Properties, and Contracts to Each Transaction

Specify if the transaction is an escrow-type entry or broker-type entry to keep these transactions organized separately.

Add Brief Descriptions to Identify your Transactions Easily

Specify if the transaction is an escrow-type entry or broker-type entry to keep these transactions organized separately.

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Categorize Transactions by Selecting from your Customized List of Chart of Accounts

Add a customized list of Chart of Accounts (COA) tailored to your business. Select the appropriate chart of accounts for each transaction created.

View, Filter, and Search for Journal Transactions Organized in a List View

View all escrow and broker transactions in one organized list. You can filter by data columns or search those transactions by specific keywords, transaction amounts, dates, property addresses, and other criteria.

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Browse Escrow Transactions Listed on the Escrow Ledger

Scan through all escrow transactions, including earnest money, security deposits, rent, management fees, reservation fees, property closing and settlement funds, client retainer fees, taxes and insurance funds, and other escrow business transactions on the escrow ledger.

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View Broker Transactions Shown on the Broker Ledger

View all broker transactions like bank service charges, wire transfers, fees, and other broker funds organized on the broker ledger.

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Add and View Vendor Transactions

Add transactions specific to the vendors, such as property maintenance expenses, utilities, taxes, and other vendor payouts. View all vendor transactions in an organized list view with the options to sort and filter data or search for a specific vendor transaction by a keyword or criteria.

Elite Software's
Escrow Compliance Accounting Software

Designed to Keep Escrow Holders in State Compliance for the US, Canada, UK, and Australia

Contact Us

  • Easy-to-use

Elite Software is easy to use with prompted field entries and simplified steps to manage all of your escrow accounting activities in one place.

  • Safe and secure

Your data and account information is fully encrypted and protected with secure password-protected log-ins and time-sensitive sessions, so you are safely logged out of the account if you forget to or after a period of no activity in the software.

  • State compliant

Elite Software is designed and developed with uniquely formatted reports and fields that follow state laws and requirements to keep you in state compliance and prepared for state commissions audits.

  • Aesthetic design

Our new design is clean and modern with well-organized navigation so you can efficiently access the modules you need to complete your entries and review reports.

  • Unique features

Our unique features offer convenience and time savings on accounting tasks that can be tedious and time-consuming. With software features like advanced reporting, check writing, transaction tracking, among others, we allow our users to have complete flexibility and success at their escrow management work.

  • Technical support

We offer our customers technical support during weekday business hours and Saturdays while also giving customers the option to schedule support appointments after hours to fit their schedule and time zone.

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