--- title: "Legal Trust Accounting Software: Law Society Certified" description: mattero's trust accounting is intuitive, stress-free and simple to use ensuring you are compliant and audit-ready. Certified by the Law Society of NSW. --- [![mattero_RGB](https://www.lawmaster.com.au/hubfs/Imported%20images/mattero_RGB.svg "mattero_RGB")](https://www.mattero.com.au/) ![Mask group (2)](https://www.lawmaster.com.au/hs-fs/hubfs/Mattero%20Features%20Extended/Mask%20group%20(2).png?width=640&height=507&name=Mask%20group%20(2).png) ![Steamline trust accounting-1](https://www.lawmaster.com.au/hs-fs/hubfs/1f.%20mattero%20-%20Website/mattero%20-%20Website%20Images/Steamline%20trust%20accounting-1.png?width=50&height=50&name=Steamline%20trust%20accounting-1.png) Trust Accounting # Law Society Certified Legal Trust Accounting Manage trust accounting with streamlined efficiency. [![TRY NOW](https://no-cache.hubspot.com/cta/default/3285323/06214f73-1a9f-4c99-b14a-3e3d5c5b21a6.png)](https://cta-redirect.hubspot.com/cta/redirect/3285323/06214f73-1a9f-4c99-b14a-3e3d5c5b21a6) [![Start using mattero](https://no-cache.hubspot.com/cta/default/3285323/1ebc974a-36d0-4b43-af88-009087b1df85.png)](https://cta-redirect.hubspot.com/cta/redirect/3285323/1ebc974a-36d0-4b43-af88-009087b1df85) [![back-arrow](https://www.lawmaster.com.au/hubfs/back-arrow.svg)All Features](https://www.lawmaster.com.au/features-page?hsLang=en) ![trust accounting](https://www.lawmaster.com.au/hs-fs/hubfs/1f.%20mattero%20-%20Website/mattero%20-%20Website%20Images/Feature%20images/trust%20accounting.png?width=1179&height=727&name=trust%20accounting.png) ### Manage your clients' funds ###### Stress-Free and Audit-Ready Trust Accounting Stay compliant with mattero’s law society-approved trust accounting module. ###### A Full Suite of Trust Transactions Create receipts or payments and allocate to multiple matters in one single transaction ###### Trust Cashbook Trust transactions are easy to locate in the Cashbook summary view. ![trust ledger](https://www.lawmaster.com.au/hs-fs/hubfs/1f.%20mattero%20-%20Website/mattero%20-%20Website%20Images/Feature%20images/trust%20ledger.png?width=1179&height=727&name=trust%20ledger.png) ### Move and reconcile money ###### Trust Bank Reconciliation Reconciling monthly trust transactions is a breeze as receipts, deposits, payments and invoice payments are automatically compiled ready for reconciliation with your monthly bank statement. ###### Trust to Office Transfers Pay invoices from trust funds and receipt the payment into your firm’s general bank account. Synch these payments to Xero to keep your bank account up to date. ###### Move Monies between Matters Adhering to a client’s request to move money from one matter to another is simple with mattero’s trust journal transaction process. ![trust report](https://www.lawmaster.com.au/hs-fs/hubfs/1f.%20mattero%20-%20Website/mattero%20-%20Website%20Images/Feature%20images/trust%20report.png?width=1179&height=727&name=trust%20report.png) ### Maintain compliance ###### Statutory Deposits mattero caters for those members of law societies that require a statutory deposit. Trust payments for statutory deposits also synch to Xero and they’re recorded on the Trust Trial balance report, keeping everything orderly and accounted for. ###### Trust Reports mattero's full suite of Trust Reports will ensure you are compliant and audit ready. ### Frequently asked questions ##### How do I record statutory funds when entering an opening balance in mattero? Enter the statutory funds amount as a negative opening balance. ##### I added the statutory funds' opening balance as a Trust payment, why is the reconciliation out by this amount? On your first month's reconciliation in mattero, you must take into account the statutory funds' opening balance amount when entering your opening balance. For example, if your statutory funds' opening balance is $1000, you must subtract $1000 from your reconciliation statement's opening balance. Once this is done, select the payment you have created in mattero as part of this month's reconciliation. ##### When setting up my mattero Trust Account, where do I add cheques and payments made from our Trust that our clients haven't deposited? First, create an opening balance for your Trust Account, then create a Trust Payment for the amount of the cheque or payment. Next, begin a Trust Reconciliation and add an Adjustment for the amount of the cheque or payment. Please note, the Trust Reconciliation should not be published at this time; instead, only select the "Save and Preview" option when running a Trust Reconciliation. Finally, once the cheque or payment is deposited, remove the adjustment from the Trust Reconciliation. ##### How do I record a Trust to Office transfer? You can record Trust to Office transfers by creating a Trust Record Invoice Payment. Please note, you must create and approve an Invoice before processing any Invoice payments. ##### Why are some Trust transactions not displayed in the Bank Reconciliation? Some transactions may be marked "undeposited". When a receipt has a Type, Cheque, and/or Cash listing, you must create and publish a Trust Record Deposit Listing in mattero. This creates the Deposit Listing Record, which is presented to your banking institution when depositing funds. Please note, you must first create a Trust Receipt for the transaction. ##### Why are the Trust reports not displaying the Trust records I entered? mattero reports Trust transactions according to their input date, not transaction date. For example, if a Trust transaction occurred on 30 January, but was entered in mattero on 1 February, it will appear as a February transaction. Please note, if Trust transactions have been recorded outside a reconciliation period, you may need to add an adjustment. ##### I have an invoice in Xero that was raised prior to starting with mattero; how can I bring this invoice from Xero to mattero so I can make payments and sync between these two services? You can migrate your legacy Invoices into mattero, and synchronise Xero and mattero once this process is complete. To do this, use the "Link" integration option when importing data into mattero. ##### Does mattero process Controlled Monies and/or Transit Monies in its Trust Account? mattero does not manage Controlled Monies or Transit Monies, and as such also does not generate reports for these funds either. mattero manages the General Trust account for your organisation. If you require a Controlled Monies or Transit Monies fund to be managed, mattero recommends contacting your local legal authority for guidelines on the legal requirements for managing such a fund. ##### I've accidentally recorded a Trust transaction to the wrong Matter, can it be excluded from the Trust statement? You cannot exclude any Trust transactions from a Trust statement. The Trust transaction can be cancelled, however, it will still appear on the Trust statement. ##### What version number is mattero on? Our system automatically updates to the latest version whenever any new features or fixes are released. 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