Escrow Compliance Accounting Software

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.