Setting up

Most of the work is deciding which accounts hold client money. The rest is a few fields.

1. Mark the trust accounts

Flag the fiduciary accounts and give each its trust role, declare the premium trust bank journal, then set the warning band, the floor and the collectibility ladder.

2. Set each carrier's account current

Days after the invoice, days after the month end, or a fixed day of the following month — on the carrier, so every payable is aged against the right date.

3. Take the first reading

Take a reading now and read what it counted and what it excluded. From then on it reads itself every day.

4. Sweep the month

Raise the commission sweep, have another trust manager approve it against a fresh reading, and post it.