Managing Statutory Deposits

triConvey has made it easy to deal with Statutory Deposits. Simply follow the steps below.

Table of Contents

• Creating a Statutory Deposit matter in triConvey
• Using the Statutory Deposit matter
• Generating a Statutory Deposit report

Creating a Statutory Deposit matter in triConvey

1.    In the triConvey Desktop App, create a General (or Conveyancing General) matter. 

Tip:  This matter will be for Statutory Deposits.

2.    Double-click Info. 

3.    From the Matter info window enter 999999 in the Matter Number field.

Tip:  You may need to select Override first if you have automated matter numbering enabled.

4.    In the Description field, enter Statutory Deposit.

5.    Select OK.

6.    In the Client field, choose the contact to whom you pay the Statutory Deposit funds (e.g. Law Society, LIV).

Tip:  Right-click on the Client field to Select an existing Client.

7.    Close the matter window.

8.    Log into the triConvey Companion Site web app.

9.    Select the gear icon from the bottom-left corner and select Firm Settings.

10.   Select Accounts from the left menu.

11.   Click on your trust account from the list of trust accounts.

12.   In the Statutory Deposit Matter field, start typing in 999999. 

Tip:  The matter you created earlier should be displayed on the list.

13.   Select Save.

Using the Statutory Deposit matter

1.    To add payments, locate the Matter using the search bar in the triConvey Companion Site web app.

2.    Select the relevant trust account and enter them by selecting Trust Payment.

Tip:  The Deposit Funds button will be greyed out because this matter has been assigned as the Statutory Deposit Matter.

Any payment on this Matter will appear in the list of reconciled payments, just like any other matter.

Generating a Statutory Deposit report

To get a report of all payments or receipts to your Statutory Deposit, open the trust account in the Statutory Deposit matter and select Print.

The Statutory Deposit matter balance will also be shown in the Totals section of your Trial Balance Report.