Creating a Trust Bank Deposit

Jun 11, 2025
Knowledge

How To

Trust Bank Deposits must be created after entering a trust payment received if it has a payment type of either cash or cheque. Learn how to create and manage Trust Bank Deposits in LEAP.

Desktop
Web

Create a New Trust Bank Deposit

Click the LEAP Menu > Accounting > under Trust Accounting > New Bank Deposit.
The default Bank Account is used. If you want to use a different account, click and select one from the list, then click Select.
Enter a Memo.
Enter a Deposit No. if you are not using automatic sequential numbering.
Enter or select a Transaction Date if it's different from the current date.
The Entry Date will always display the current calendar date and can't be changed.

Click to edit heading

Click on the column headers to sort the transactions by Checkbox, Transaction Date, Entry Date, Receipt Number, Payment Type and Amount.

Tick the checkboxes next to the transactions listed in the table which are to be included in the day's banking.

Tick the arrow next to the checkbox at the top of the first column and choose Select All to include all the listed transactions on the bank deposit.
(Optional) Click on the toolbar to print the bank deposit once it's been saved.
Click Save & Close.

All bank deposits should be completed before attempting to reconcile your accounts and all payments should be banked on the day they were received. Print more than one copy of the deposit so that two copies can be taken to the bank. The bank will stamp your copy for you.

Reverse a Trust Bank Deposit

Reversing a trust bank deposit will reverse the banking status of all the attached payments received, however, it will not reverse the actual payments received. To reverse the payments received, click here and go to the Reverse a Trust Payment Received section.

Click the LEAP Menu > Accounting > under General > Search Transactions.
Search for the bank deposit by entering the bank deposit number in the Search field or find the specific bank deposit under Trust Transactions > Trust Bank Deposits.
Open the bank deposit.
Click on the toolbar.
Edit the Memo, if required.
(Optional) Click on the toolbar to print the reversal once it's been saved.
Click Save & Close.

Create a New Trust Bank Deposit

Click > Accounting.
Select New Bank Deposit under Trust to open the Trust Bank Deposit window.
The default Bank Account is used. If you want to use a different account, select one from the drop-down list.
Enter a Memo.
Enter a Deposit No. if you are not using automatic sequential numbering.
By default, today's date is entered in the Transaction Date field. Click to select a different date, if required.
The Entry Date is always today's date and can't be changed.
Tick the checkboxes next to the transactions listed in the table which are to be included in the day's banking.

Tick the checkbox at the top of the first column to include all the listed transactions on the bank deposit.
(Optional) Toggle the Print option On to print the bank deposit once it's been saved.
Click Save.

Reverse a Trust Bank Deposit

Click > Accounting.
Select Search Transactions to open the Search Transactions window.
Search for the bank deposit by entering the bank deposit number in the Search field or find the specific bank deposit under Trust Transactions > Trust Bank Deposits.
Find and open the bank deposit.
Click Reverse.
Edit the Memo, if required.
(Optional) Toggle the Print option On to print the reversal once it's been saved.
Click Save.

Last Modified Date

11/06/2025 5:08 AM

Title

Creating a Trust Bank Deposit

URL Name

Creating-a-Trust-Bank-Deposit-CA

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