This screen allows you to:
Track accounting activity on a unit basis by using the Trust Reporting menu. Trust Accounting is used when the management company is required to disburse money to an owner before the reservation has departed and the owner statement has been finalized.
Before you begin:
Choose the Accounting Menu from the RMS Main menu and select Trust Reporting.
The Control File should be set to disburse on the Reservation Accounting screen. Specific accounts in the Chart of Accounts File must be set as Trust Accounts and will be put on the Unit Ledger. Call AMS for assistance if the Chart of Accounts is not pre-set for Trust Accounting.
Item descriptions…
Trust Deposit Details
Trust Check Details
Detail Reconciliation of Sub Ledgers to Unit Ledgers
Summary Reconciliation of Sub Ledgers to Unit Ledgers
Trust Bank Account Journal