Sales Trust Payment
In the Agentbox Trust Module, you can make payments out of 3 different ledger types for each property. The most commonly used is the Sales Ledger for managing sales deposits etc, the Marketing Funds Ledger is used if you hold vendor marketing contributions in your trust account and also an IBD Ledger is available if you open up investment accounts on behalf of the Vendor & Purchaser.
You are able to make payments out of all 3 ledger types, transfer between them and receipt funds into them.
Log Payment - Important Facts
- The payment date will be automatically generated as the date the payment is logged into your Agentbox Sales Trust Accounting System.
- Payments via cheque will be given an auto incremental cheque number which must match the office's cheque book. After the first cheque is entered, the system will auto increment the cheque number for all subsequent cheque payments entered.
- If the auto-generated cheque number does not match the next cheque, go to Settings and under Global Settings change the Cheque Number to match your cheque. This will restart auto increments for the next payment you make.
A payment can be logged directly within a listing record by visiting the Payment tab. (you will need to search and open the listing via Listings/Ledgers on the main menu and select the listing which the receipt relates to by clicking on the 
icon).
Or via the main menu Transactions tab> New Payment
