Escrow Journal Reports
Escrow Compliance Journal Reports
Escrow Journal Report Overview
Elite Software’s escrow journal report provides a complete, chronological accounting of all escrow deposits and withdrawals within your trust accounts. Designed for clarity and precision, the report delivers detailed visibility into every transaction recorded in the system.
Each transaction is organized into individual columns, including:
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Entry Date
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Entry Type
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Transaction Entry ID # (comprised of the transaction year, property card number, and transaction count per property)
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Property Address
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Property Transaction ID (a powerful feature that combines the property card number with a sequential count of contract-related transactions—ideal for generating Folio ID numbers required for commissions)
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Contract
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Bank Account
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Transaction Type
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Deposit Slip #
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Deposit Amount
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Payee
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Check #
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Withdrawal Amount
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Running Balance
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Description
In addition, each transaction includes a status indicator showing whether it has been reconciled for the month or remains outstanding.
For maximum efficiency, users can quickly search transactions using any column field or apply filters by specific account numbers—making it easy to locate, review, and manage escrow activity with confidence
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Reconciliation Worksheet
The Reconciliation Worksheet Report provides a clear snapshot of your trust account at a glance. It displays the bank statement date, ending bank balance, and any outstanding deposits or withdrawals to calculate the reconciled bank balance. When this balance matches the escrow journal balance, it verifies that your trust accounting is accurate down to the penny.
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Deposit and Withdrawal Summary
The Deposit and Withdrawal Summary Reports offer a quick overview of all transactions. Each entry is clearly labeled to indicate whether it is outstanding or reconciled, making it easy to monitor account activity and status.
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Escrow Journal Detail
In the event of an audit, the Escrow Journal Detail Report provides a comprehensive, chronological record of all transactions. It includes the escrow balance carried forward from the previous reconciliation, ensuring full transparency and audit readiness.
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Escrow Journal Summary
The Escrow Journal Summary Report provides a high-level overview of all journal transactions. It reconfirms trust accounting compliance and identifies the status of each transaction, such as reconciled (R) or reconciled outstanding (R/O).
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Broker Ledger Funds
Broker funds play a critical role in maintaining trust account integrity. These funds act as a buffer to cover bank fees and miscellaneous charges that cannot be paid from escrow funds. This report ensures you are maintaining an appropriate minimum balance without commingling escrow funds.
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Property Ledger Card
The Property Ledger Card Report provides a complete financial picture for each property. It details all parties involved, lists every transaction, and shows the current balance, giving you full visibility into property-level activity.
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Trial Balance
The Trial Balance Report provides a concise, single-line summary of each property, including the Property ID, address, owner, and current escrow balance. This report is an efficient way to quickly review individual property balances as well as the total amount of escrow funds being held.
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Multiple / Single Deposit and Withdrawal Report
This report displays deposit slip numbers along with a detailed breakdown of each individual deposit, showing which properties or broker funds contribute to the total deposit amount.
Withdrawal entries are presented in a similar format, clearly identifying what each issued check covers and how the funds are allocated.
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Broker Reconciliation Escrow Journal Detail
The Broker Reconciliation Escrow Journal Detail report provides a monthly view of all outstanding transactions. Over time, these outstanding items can lead to discrepancies in the trust account, particularly in cases where funds are returned by check but never cashed.
This report helps identify and track such issues, ensuring that all escrow funds remain properly accounted for.
Elite Software's
Escrow Compliance Accounting Software
Designed to Keep Escrow Holders in State Compliance for the US, Canada, UK, and Australia