How to Onboard Your Firm Operating Account

Overview: This article will walk you through the steps of how to set up your Operating Account in TrustBooks.

1. Start on the  Dashboard Page and Click the Blue Box Complete Operating Account Onboarding: 

2. This will open up the Set-up Firm Operating Accounts Page. Select Step 1 Create Accounts:  3. Enter the Name of the Operating Bank Account and the Account Number (required).

Note: For multiple bank accounts select ADD MORE BANK ACCOUNTS 

4. You will have the option to use TrustBooks Chart of Accounts or you can import your own chart of accounts. 

To import your own chart of accounts you can use these steps  Importing your Chart of Accounts

5. If you are using TrustBooks chart of accounts select the Accounts you want to use by checking the check box to the left and selecting  SAVE. 

Note: to select all click the check box at the top next to ACCOUNT NUMBER

6. Select Save. 

7.Your chart of accounts is now set up and you can move to Step 2 Enter Bank Balances: 

8. Select  Enter Bank Balances from Step 2. This will open up the Enter Bank Balance Page. Select your Start Date and enter your Operating Bank account balance. Select Save.  

9. Select  Step 3 Enter Starting Balances. Enter your balances for each chart of accounts as of your start date. 

Note: This information is typically pulled from a balance sheet or trial balance in your old accounting software. 

10.. Select  Save. 

11. Go to  Step 4 and select Enter Uncleared Transactions

12. Enter any uncleared transactions as of your start date and select SAVE.  

13. Under  Step 5 select Review and Finalize Onboarding

14. Confirm everything has been entered in correctly and select  Finalize Onboarding. 

15. Congrats you have completed your onboarding for your firms Operating Account!