Escrow Journal Reports

Escrow Journal Reports

Elite Software's escrow journal report gives the user a chronological accounting of all escrow deposits and withdrawals made in the trust accounts. The journal was designed to show detailed information about every transaction created. Each transaction has individual columns showing the Entry Date, Entry Type, Transaction Entry Id # (which includes the year of the transaction, the property card number, and the transaction count for each property), the Property Address, a Property Transaction Id (which is a great feature that lists the property card number, a number count for each contract transaction, and numbers each contract transaction as well. A huge timesaver for commissions that require a Folio ID number.), Contract, Bank Account, Transaction Type, Deposit Slip #, Deposit amount, Payee, Chech #, W/D amount, Balance and Description. Plus, the transaction status showing if it's reconciled for the month or if it's still outstanding. And all transactions can be quickly searched by any of the column titles. The transactions can be filtered by individual account numbers as well.
  • Reconciliation Worksheet
At a glance, the Reconciliation Worksheet Report displays the bank statement date, the ending bank statement balance, accounts for any outstanding funds, which gives you a Reconciled Bank Balance. And if it matches the escrow journal balance proves the trust accounting balances to the penny.
  • Deposit and Withdrawal Summary
Deposits and Withdrawals’ Summary Reports offer a quick look at the transactions and indicate their status, whether outstanding or reconciled.
  • Escrow Journal Detail
If under an audit the Escrow Journal Report shows the escrow balance from the previous reconciliation a
  • Escrow Journal Summary
A summary of journal transactions only reconfirms trust accounting compliance and indicates each transaction's status, R or R/O.
  • Broker Ledger Funds
Broker Funds are a crucial part of trust accounts, cushioning the account for miscellaneous fees that may occur, which escrow funds cannot cover. And having the report shows you are keeping a minimum balance to cover such fees without commingling.
  • Property Ledger Card
The Property Ledger Card Report displays all parties involved with the property and gives complete detail of all transactions and what the balance is on the property.
  • Trial Balance
The Trial Balance Report gives a single line display of the Property ID, the Address, who the Owner is, and the escrow Balance on the property. A great way to quickly check property balances and the total amount of escrow money being held.
  • Multiple / Single: Deposit and Withdrawal
This report displays a deposit slip number and breaking down all the individual deposits and what properties or broker funds account for the total deposits made. The withdrawals are displaying the same and what a written check covered.
  • Broker Reconciliation Escrow Journal Detail
This report shows you every month what transactions are outstanding, which over time can cause the trust account to have funds that may be unaccounted for, especially when funds are returned by check and never cashed.
  • Easy-to-use
Elite Software is easy to use with prompted field entries and simplified steps to manage all of your escrow accounting activities in one place.
  • Safe and secure
Your data and account information is fully encrypted and protected with secure password-protected log-ins and time-sensitive sessions, so you are safely logged out of the account if you forget to or after a period of no activity in the software.
  • State compliant
Elite Software is designed and developed with uniquely formatted reports and fields that follow state laws and requirements to keep you in state compliance and prepared for state commissions audits.
  • Aesthetic design
Our new design is clean and modern with well-organized navigation so you can efficiently access the modules you need to complete your entries and review reports.
  • Unique features
Our unique features offer convenience and time savings on accounting tasks that can be tedious and time-consuming. With software features like advanced reporting, check writing, transaction tracking, among others, we allow our users to have complete flexibility and success at their escrow management work.
  • Technical support
We offer our customers technical support during weekday business hours and Saturdays while also giving customers the option to schedule support appointments after hours to fit their schedule and time zone.

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