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Product support for the Creative Solutions Accounting platform ended on September 30, 2020.
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There are a series of setup steps required to begin using impound. It is important to follow them in their listed order.
Note: In order to set up impound and funding capability, you must have privileges at the group level to do so. These are set up through the Setup > System Configuration > Administration dialog.
If you delete a client that is using the Impound feature, checks and fund transactions are not automatically deleted from the impound checkbook(s). If these checks/transactions need to be removed from the impound checkbooks, you must either delete the checks and transactions from the client prior to deleting the client, or delete the checks and transactions from the impound checkbooks after the client is deleted and then adjust the impound balance as necessary.
Renaming the client ID for an impound client will cause records for that client to reflect the change within the impound checkbooks.
Using the Save As command to create a new impound client will not duplicate any checks or transactions for the new client within the impound checkbook.
See also Impound Bank Reconciliation Overview (diagram)
Setting up to begin using impound
- Setting up bank information
- Setting up processor information
- Setting up the impound checkbook(s)
- Enabling the impound checkbook(s)
- Alternate setup for tax impounding only
- Assigning the client impound checkbook
- Adding direct deposit information to the withdrawal checkbook
- Setting up the Impound Funding dialog
- Setting up vendors for impound (for use with InterceptEFT transmittal only)
Disclaimer: InterceptEFT is an unaffiliated third party that some of our customers have engaged to provide direct deposit, tax payments, ACH processing, or credit card merchant services.
Regular payroll/vendor check processing with impound for a client
Periodic processes for impound clients
- Reconciling an impound checkbook for the first time
- Completing a subsequent impound checkbook reconciliation
- Importing bank statements for reconciliation
- Running reports from Impound Bank Reconciliation
- Running the Impound Client Balance Report
- Running the Impound Vendor Prefund Report
Other impound procedures
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