Differences
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| firm:sop:trust-accounting [2025/11/12 17:04] – [Deposits] admin | firm:sop:trust-accounting [2025/11/12 17:05] (current) – [Withdrawals] admin | ||
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| ==== Withdrawals ==== | ==== Withdrawals ==== | ||
| - | Any withdrawal of funds from Cosmolex must be documented with a requisition to draw on trust funds, a copy of any relevant instrument used to draw on trust funds (i.e. a check or certified funds), and any other supporting documentation that defines the amount to be drawn or the authority under which it is drawn. | + | Any electronic |
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| + | If funds are drawn from trust via check, the check must be scanned, with the scanned document saved to Paperless to prove that the funds were transferred. | ||
| === Requisition to draw on trust funds === | === Requisition to draw on trust funds === | ||
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| These steps ensure that all withdrawals of trust funds can be tracked and accounted for as necessary. | These steps ensure that all withdrawals of trust funds can be tracked and accounted for as necessary. | ||
| - | If a situation arises in which a document other than a scanned check image or wire transfer confirmation is relevant to the transaction, | + | If a situation arises in which a document other than an e-transfer confirmation, |
| ===== Monthly reconciliations ===== | ===== Monthly reconciliations ===== | ||
