Enhanced Trust Accounting

2

Enhanced Trust Accounting What does it mean?

Improved Security Controls

Upgraded Transaction Reports

Ability to Reconcile with Accounting System

Improved Audit Trail

3

Improved Security Controls

Ability to Catch Posting Errors

Linking Related Transactions

Reports Balance to Bank Postings (Deposits/NSFs)

Minimize Fraud Risks

Block Abuse of “Cancel Input Error”

Reconcile Cubs Balances to Accounting G/L

4

Upgraded Transaction Reports

Payments Report

Based on Daily Trans

Includes Batch Accounting Entry

Cash can be Reconciled to Bank Deposit

NSF Report

Includes Batch Accounting Entry

Again, Reconciles to Bank Statement

NEW-Reversal/Repost Report

Extracts Correcting Entries to a Separate Report

Includes Batch Accounting Entry

5

Ability To Reconcile Ledger Balances

NEW “Due Us/Due You” Report

Report Reconciles with Accounting GL AR/AP

Real Time Internal G/L Report

Totals Agency Level Values

Subtotals “Trust” Level Values

Subtotals Client Level Values

Due You Totals Reconcile with Trust Balances

6

Improved Audit Trail

Links Transaction/NSF Pairs

Links Reversal/Repost Pairs

Suppresses Linked Transactions on Statements

Unique Statement/Invoices Numbers

7

Statement Cycle

New – Sales Tax Accrual Report

New – Offset Report for “Net” Clients

Optional - Export Checks to Accounting System

8

Optional Enhancements

Standardized ACH Payment Processing

Statement/Detail Archiving and Retrieval

Credit Card Input Screen

9

Screenshot –

Cancel Menu

10

Screenshot –

NSF Menu

11

Addenda –

Report Samples

AR/AP Report

Account Payments

NSF Report

Reversal/Repost Report

Statement Summary Report

Sales Tax Report

Net Offset Report

Proof of Concept Slide

12

AR/AP Report Beginning Balance

Client # Client Name Due Us Due You.… .… .…

99 Client A99 1,840.01$ 7,492.79$ 100 Client A100 2,921.72$ 8,766.50$

1,423,959.66$ 753,661.14$

.… .… .…6 Client B6 516.34$ -$ 7 Client B7 363.89$ -$

1,325.74$ 10,770.68$

.… .… .…6 Client C6 250.00$ -$ 7 Client C7 -$ 5.91$

425.79$ 3,704.20$

.… .… .…7 Client D7 703.26$ -$ 8 Client D8 5,927.87$ 26,193.79$

8,230.42$ 40,498.75$

1,433,941.61$ 808,634.77$

Total For Trust D

Grand Totals

AR/AP Report -4/23/08

Total For Trust A

Total For Trust B

Total For Trust C

13

Payment Activity Report… AGN/AMT INTEREST OTHER DUE-CLIENT COMMISSION FWD-FEESGRAND TOTAL EXCLUDING ADJUSTMENTS 201,177.93 - 695.07 152,167.10 49,023.42 2,449.39

…CASH NON-CASH

PRIN pmt-pd agency 1 149,954.93 PRIN pmt-pd client 2 31,493.26 PRIN pmt-pd FWD agency 7 13,193.21 15,642.60 CLIENT pmt 8 2,220.53 COMM FEES-pd agency 49 3,647.61 COMM FEES-pd client 51 32.21 AMISC1 pmt-pd agency 60 407.32 OVERPMT pmt-pd agency 191 0.71 MISC1 pmt-pd agency 202 50.00 OVERPMT pmt-pd agency 491 644.36 BANK DEPOSIT: 170,118.67

Available RevenueDebit Credit

TOTAL COMMISSIONS 49,023.42 49,023.42 LESS 100% REMITS 23,279.60 23,279.60 (Due Us)LESS D/P COMM 7,614.10 7,614.10 (Due Us)AR/AP ADJ - (Due Us)LESS FORWARD FEES 2,449.39 2,449.39 PLUS CLIENT REMIT 2,220.53 2,220.53 (Due Us)PLUS NON-SHD OTHER 50.71 50.71 Available Cash 17,951.57 (Oper.) 17,951.57 Trust Cash 152,167.10 (Trust) 152,167.10 152,167.10 (Due You)BANK DEPOSIT: 170,118.67

203,461.76 203,461.76

Payment Activity Report

14

NSF Report

TRANS-DT TC STA NSF AMT RC ACCT # COMMISSION FWD FEE FEE DUE US DUE YOU CASH CLIENT DESK AUDIT

…4/18/2008 13 NSF 325.27 3 5564493 65.05 - - 260.22 - (325.27) 71253 116 3GAYYN4/18/2008 50 NSF 142.80 3 5564493 28.56 - - 114.24 - (142.80) 71253 116 3GAYYN4/18/2008 13 NSF 128.36 3 5580907 44.93 - - 83.43 - (128.36) 3002116 28 3GAYYN4/17/2008 13 NSF 50.56 4 5505539 10.11 - - (10.11) 50.56 (50.56) 308123 64 4GAYNN

5,177.18 1,452.78 - - 3,673.84 50.56 (5,177.18)

DEBIT CREDITCOMMISSION 1,452.78 FWD FEE - NON-SHARED - DUE US 3,673.84 DUE YOU 50.56 CASH 5,177.18

5,177.18 5,177.18

NSF TRANSACTION REPORT

15

Reversal/Repost Report

TRANS-DT TC STA NSF AMT RC ACCT # COMMISSION FWD FEE FEE DUE US DUE YOU SUSPENSE CLIENT DESK AUDIT

…2/20/2008 602 PIF 1,387.50 11 5528822 (346.88) - - 346.88 - - 80162 58 11NCYYP2/20/2008 2 PIF 1,387.50 11 5528822 462.45 - - - (462.45) - 80162 58 11NCYYR3/5/2008 601 SIF 2,500.00 3 5580907 (625.00) - - - (1,875.00) 2,500.00 80162 28 11NAYYP3/5/2008 1 SIF 2,500.00 4 5505539 1,250.00 - - 1,250.00 - (2,500.00) 80162 64 11NAYYR

16,984.46 2,418.01 - - 2,358.51 (4,776.52) -

DEBIT CREDITCOMMISSION 2,418.01 FWD FEE - NON-SHARED - DUE US 2,358.51 DUE YOU 4,776.52 SUSPENSE -

4,776.52 4,776.52

REVERSAL/REPOST TRANSACTION REPORT

16

Statement Summary Report

CLIENT# CLIENT NAME

PRIOR..BAL

FWDCLIENT.

PAID WE ..

COLLECTED DIRECT ..

PAYMENTS TOTAL ..

COLLECTED CHECK ..AMOUNT

DUE .US

TRANS..ERROR

0204153 CLIENT A1 (2,371.57) - (2,371.57) - 1,541.52 - 0204153 CLIENT A1 14,596.26 - 14,596.26 14,596.26 5,131.25 - 0204153 CLIENT A1 - 1,874.65 1,874.65 - 656.13 - 0204154 CLIENT A2 (1,111.27) - (1,111.27) - 722.33 - 0204154 CLIENT A2 17,045.03 - 17,045.03 17,045.03 6,064.34 - 0204154 CLIENT A2 - 662.31 662.31 - 231.80 - 0204156 CLIENT A3 922.86 - 922.86 922.86 138.43 - 0204156 CLIENT A3 - 510.31 510.31 - 76.54 - 0204158 CLIENT A4 (948.94) - (948.94) - 759.15 - 0204158 CLIENT A4 16,259.29 - 16,259.29 16,259.29 3,344.84 - 0204158 CLIENT A4 - 3,753.66 3,753.66 - 762.57 - *** 44,391.66 6,800.93 51,192.59 48,823.44 19,428.90

STATEMENT SUMMARY FOR WEEK R85

17

Sales-Tax Report

CLIENT# CLIENT NAME WEEK# DATE CLI % TAXABLE

COMMISSION DUE US DUE YOU AGENCYPORTION

TOTALTAX

0204153 CLIENT A1 R85 4/24/2008 100 273.40 22.55 - - 22.55 0204154 CLIENT A2 R85 4/24/2008 100 1,258.28 103.81 - - 103.81 0204158 CLIENT A4 R85 4/24/2008 100 1,270.49 104.83 - - 104.83 *** 2,802.17 231.19 - - 231.19

**************************** DUE US 231.19 SALES TAX PAYABLE 231.19

SALES-TAX SUMMARY FOR WEEK R85

CLIENT PORTION

18

Net Offset Report

CLIENT NBR CLIENT NAME INVOICE NBR RC OFFSET0204153 CLIENT A1 125199 3 0.000204153 CLIENT A1 125200 3 0.000204153 CLIENT A1 125201 3 0.000204154 CLIENT A2 125202 3 0.000204154 CLIENT A2 125203 3 0.000204154 CLIENT A2 125204 3 0.000204156 CLIENT A3 125205 3 0.000204156 CLIENT A3 125206 3 0.000204158 CLIENT A4 125207 3 0.000204158 CLIENT A4 125208 3 0.000204158 CLIENT A4 125209 3 0.00

0.00

DUE YOU 0.00DUE US 0.00

OFFSET REPORT FOR WEEK R85

19

AR/AP Report Ending Balance

Client # Client Name Due Us Due You.… .… .…

99 Client A99 3,042.55$ 8,439.28$ 100 Client A100 3,378.82$ 8,651.03$

1,458,448.68$ 861,730.76$

.… .… .…6 Client B6 516.34$ -$ 7 Client B7 363.89$ -$

1,325.74$ 10,770.68$

.… .… .…6 Client C6 250.00$ -$ 7 Client C7 -$ 5.91$

425.79$ 3,704.20$

.… .… .…7 Client D7 703.26$ -$ 8 Client D8 6,375.56$ 26,193.79$

8,678.11$ 40,498.75$

1,468,878.32$ 916,704.39$

Total For Trust D

Grand Totals

AR/AP Report -4/24/08

Total For Trust A

Total For Trust B

Total For Trust C

20

GL Entries 4/24/2008 Debit CreditPaymentsCash-Operating 17,951.57 Cash-Trust 152,167.10 Accounts Receivable 28,673.17 Fwd Fees 2,449.39

Accounts Payable 152,167.10 Collection Fees 49,023.42 Non-Shared Fees 50.71

NSFCollection Fees 1,452.78 Accounts Receivable 3,673.84 Accounts Payable 50.56

Cash 5,177.18 Reversal/RepostCollection Fees 2,418.01 Accounts Receivable 2,358.51

Accounts Payable 4,776.52 Sales Tax AccrualAccounts Receivable 231.19

Sales Tax Payable 231.19 Statement RunAccounts Payable 48,823.44

Cash 48,823.44 Net OffsetAccounts Payable -

Accounts Receivable -

21

Due Us/Due You Summary

D C D C1,433,941.61$ 808,634.77$

28,673.17$ 152,167.10$ 3,673.84$ 50.56$ 2,358.51$ 4,776.52$

48,823.44$ 231.19

1,468,878.32$ 916,704.39$

T-Account Entries

4/23 BalancePayments Entry

NSF Entry

4/24 BalanceNet Offset

Due Us Due You

Reversal/Repost Stmt Remittance

Sales Tax

22

Remit Code Matrix

Remit CodeDue Us Due You Due Us Due You Due Us Due You Due Us Due You Due Us Due You Due Us Due You

1Gross Remit

(+)C

(+)P

(+)P-C

(-)A

(+)A

2Gross Remit

(+)C

(+)P

(+)P-C

(+)C

(+)C

(-)A

(+)A

3Gross Remit

(+)C

(+)P

(+)P-C

(+)C

(-)C

(-)A

(+)A

4Std Gross

(+)C

(+)P

(-)C

(-)P

(+)C

(-)C

(-)A

(+)A

5Net Remit

(+)P-C

(+)P-C

(-)A

(+)A

6Std Net

(+)P-C

(-)P-C

(-)C

(+)C

(+)A

(-)A

7Net Bill Direct

(+)P-C

(+)P-C

(+)C

(+)C

(-)A

(+)A

8Gross Remit

(+)P

(-)A

(+)A

9Gross/No Off

(+)C

(+)P

(+)P

(+)C

(+)C

(+)C

(-)A

(+)A

10Net Bill Direct

(+)P-C

(+)P-C

(+)C

(+)C

(+)A

(-)A

11ETA With Offset

(+)P-C

(+)P-C

(+)C

(+)C

(-)A

(+)A

P = PAYMENTC = COMMISSIONA = CLIENT PAYMENT/ADJ/BAL FWD

Client Pmts / Bal Fwd

Client Adjustment

Remit Code Matrix- Enhanced Trust Accounting

Paid AgencyNSF - Paid

Agency Paid DirectNSF - Paid

Direct