Receipting

Every receipt names four things: the amount, the party it is held for, the property it is against, and the engagement it belongs to. None of them is optional, because a receipt missing any of them is the one that costs three days at month end.

What gets receipted

• Sales deposits: into the sales trust account, against the campaign.
• Rent: into the rentals trust account, against the management period.
• Bonds: receipted and then lodged, with the lodgement on the file.
• Other money held: anything received on behalf of somebody else, which is the definition that matters.

The receipt itself

Numbered in sequence, dated, and not editable afterwards. A receipt entered in error is reversed with a reversal that says why, and both stay on the record.

Where it appears

On the trust ledger, on the property file’s Trust tab, on the engagement, and on the party’s record. One entry, four places to find it.