Reconciliation

Your client money held in trust is reconciled on a daily basis and reflected on the PTS Software.

Call 020 7190 9988 to discuss your business requirements or Book A Demo

Cost Saving

No need to pay an Accountant to reconcile your account.

Time Saving

Concentrate on running your business whilst knowing where you are financially.

Accurate

Importing transaction information directly from the Trust account for complete accuracy.

PTS Administration department perform a daily import and reconciliation on all currency trust accounts to provide the PTS Software with a mirrored version of transactions in and out of trust. The daily reconciliation allows you to monitor debit and credit transactions in the most accurate environment in all currencies you have access to. This also allows you to pay money from the trust accounts in the most timely fashion keeping the need for book keepers or accountancy costs to a minimum.

All client card transactions you process via SagePay are batch imported into the PTS Software and will automatically allocate to the clients’ Money page. As clients are human beings, all may not add their correct client reference to their card payment, therefore the PTS Software will hold these unassigned card credits on the Unassigned Credits page in the Software where you can assign these credits to the correct Client(s). The same applies for any clients that pay into the trust account via bank to bank transfer, cash or cheque. These unclaimed credits will appear on the Unclaimed Credits page on the Software for you to Claim and Assign to the correct Clients. PTS Administration department perform checks on any Claimed bank transfer, cash or cheque credits prior to allowing them to be assigned to a specific client.

The daily reconciliation of the Trust accounts is monitored by independent trustee’s for your further financial security.

FAQs

How often is my trust account reconciled?

This is performed daily by 10.00am GMT with all transactions, both debit and credit, reflected on the PTS software.

Who performs the reconciliation?

The PTS administrators perform the reconciliation for you on a daily basis.

Why do I need to reconcile my account?

Completing a daily reconciliation is essential to ensure the accurate reflection of where your business is financially.

How accurate is the reconciliation?

The trust account reconciliation is 100% accurate as all transactions are imported directly from the trust account and audited by independent trustees.

Call us on 020 7190 9988 to discuss your business requirements or Contact us.

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