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TRUST ACCOUNTING - Can this be looked at?

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I have assisted a couple of start up single operaters law operaters set their Essentials up.  Unfortunately there does not seem to be a simple way of representing funds held in Trust for clients.   If a Trust account is included in the Accounts area, then those funds are included in the practices assets (which it shouldn't), which then requires a Liability Account to be set up to counteract this.  This means every deposit and withdrawal has to be done via a journel entry which is clumsy.  The rest has to be done with spread sheets for the individual client files held in trust togeter with the transactions - ins and outs.

It would be good if MYOB oferred perhaps a "bolt on" Trust Account module, for legal businesses, and other businesses that have to hold funds in a trust account, and be able to do the triple reconciliation (one of which is already in MYOB) for the auditors.


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