Escrow Trakker for Lawyers

Escrow Trakker for Lawyers is a financial management software designed to simplify trust and IOLTA accounting for law firms. According to the vendor, this software aims to streamline the reconciliation of bank accounts and accurately record the flow of money in and out of the system. With its user-friendly interface and robust features, Escrow Trakker for Lawyers is intended to be suitable for law firms of various sizes, helping lawyers manage their multiple trust and IOLTA bank accounts. This software is specifically tailored for professionals in the legal industry.

Key Features

Interactive Bank Account Ledger: According to the vendor, users can view individual customer balances and transactions in an on-screen interactive bank account ledger, providing an overview of funds allocated to specific matters.

Firm Reserve Bank Balance: The software allows users to establish a firm reserve bank balance for bank checks, charges, and fees, aiming to ensure sufficient funds are available for necessary expenses.

Clear Financial Transaction Tracking: Users can see which income or expense account is assigned to every dollar, providing transparency in financial transactions.

Transaction Assignment to Lawyers: The software enables users to track individual contributions and responsibilities by associating each transaction with a specific lawyer.

Convenient Check Printing: Users can conveniently print checks within the application, saving time and effort.

Efficient Data Entry: According to the vendor, users can add transactions quickly and easily using drop-down auto-fill selection menus, aiming to facilitate efficient data entry.

Customizable Chart of Accounts: While the software provides an extensive preinstalled on-board chart of accounts, users can easily edit and customize it to suit their specific needs.

Recurring Transactions: Users can set up recurring transactions, aiming to save time for repetitive entries.

Bank Account Overdraw Notifications: The software provides bank account overdraw notifications, aiming to help users avoid triggering a state audit by overdrawing their IOLTA accounts.

Check Image Storage: Users can capture images of customer deposit checks, which are permanently stored in the cloud for easy access and record-keeping.