Clients > Impound tab

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Use the Impound tab to specify the types of transactions you want to fund for the selected client, to specify the deposit and withdrawal impound bank accounts to be used for each type of transaction, to specify a deferral date for funding to begin for each transaction type, and to choose the source bank account (client or impound) for check reference numbers, check layouts, and images to be used when printing checks.

Choose Setup > Clients and then click the Impound tab.

See also: Impound overview

Fields & buttons

Transaction types. Mark the checkboxes next to the transaction types that you want to fund for this client. For tax agents and payroll agents, choose whether to fund all or selected agents for this client.

Note: Any unprinted payroll checks for the client must be printed, converted to handwritten, or deleted prior to disabling payroll funding.

Deposit account. For each transaction type you are funding for this client, choose which impound bank account to use as the deposit account - the account into which money is to be deposited when funds are collected. The drop-down list contains all impound bank accounts that are set up to fund that specific type of transaction (in the Funding section of the Setup > Firm Information > Impound Bank Accounts screen).

Withdrawal account. For each transaction type you are funding for this client, choose which impound bank account to use as the withdrawal account - the account from which funded money should be withdrawn. The drop-down list contains all impound bank accounts that are set up to fund that specific type of transaction (in the Funding section of the Setup > Firm Information > Impound Bank Accounts screen) as well as a Same as Deposit account selection.

Deferred start. Use this field to specify the date on which funding should begin for the specific type of transaction. All transactions with a date on or after this date are subject to funding. By default, (none) is selected in this field, and all transactions of this type are subject to funding regardless of the transaction date.

The fields in this section display the selected source - client bank account or impound bank account - for check reference numbers, check layouts, and images to be used for printing checks for payroll, tax agents, or payroll agents. To change the selections for any source, click the Ellipsis button button to open the Source dialog and choose the appropriate option.

GL account. Select the GL account to be credited or debited when a tax form adjustment for this client is marked as a write-off for the firm. The GL account selected here will be used when the liability is relieved in place of the GL account that is assigned to the client's Bank Account. If this field is left blank, the write-off amount will be debited or credited to the Undistributed GL account (999).

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