Trust checks are checks written against trust accounts. It is always preferable to use trust money when possible to cover fees and costs because you get to deposit that money into your operating account as soon as the bills have been printed and posted.
There are three different methods you can use to process trust checks:
Trust Demand Check Writer: You use the Trust Demand Check Writer to print and record a trust check – all in one step.
2-Step Method for Trust Checks: You (1) add a trust request and then (2) print the requested trust checks.
Automatic Trust Check Requests: Abacus Accounting processes the trust checks for you, but you have to process the request.
All methods give you the same results – printed and recorded trust checks. Generally, you should use the Trust Demand Check Writer or Automatic Trust Check Requests feature to process trust checks. However, for real-estate closings, use the 2-step method. There are so many checks involved in closings, the 2-step method can save you some time as you can set up the checks ahead of time (in step 1).