Providing greater detail to your trust accounting reports has just gotten easier! No longer must you fit your trust accounting transactions into the Cowles pre-defined categories. You can now create your own expense and income categories for use in all your sessions. In Preferences select the "Modify User-Defined Categories" button on the Documents\TrusTerminator tab. On this screen you can also add descriptions of your categories for internal use, ensuring that transactions are accurately and consistently recorded in the appropriate category by everyone in your firm. User-defined categories can be disabled should they no longer be needed. It's also easy to specify and adjust the order in which your new categories appear in the resulting reports.

User-Defined Transaction Categories Tab

The first tab allows you to create your own income and expense transaction categories. Click the Add button and enter the name and description of the category and the category type. The Disable check box should only be selected if you no longer wish to use this category.

Please note that if a transaction exists on the system for a category that has been disabled, the transaction will still appear on the Trust Accounting report. You will not however, be able to reference this category for any new transactions.

Order of Transaction Categories Tab

This tab is divided between Income/Receipts and Expense/Disbursement categories. Both pre-defined and user-defined categories are displayed.

The pre-defined categories, displayed in blue may not be modified. The user-defined categories, displayed in black, may be moved up or down in the list by highlighting the category and clicking the up or down arrow until the category is correctly placed. The order of the categories in the Trust Accounting/Detail area of the system will reflect the order of the categories as modified on this tab.

Call us today at (800) 366-1730
or email us at west.appsupport@thomson.com
if you have any questions or would like more information on the Cowles system.

See all articles in current issue