Overview
When using VRTrust alongside QuickBooks, your goal is to:
Track trust cash activity
Track trust liabilities
Avoid duplicating accounting between systems
🧾 Best Practice
Record All Trust Activity in QuickBooks As:
1. Trust Cash
Use your trust bank account
2. Trust Liabilities
Post to a:
➤ Trust Liability Account
💡 Example
If you receive a $1,000 payout:
Debit: Trust Bank Account
Credit: Trust Liability Account
Hint: Use bank rules to accomplish this!
✅ Result
QuickBooks reflects:
Total trust cash
Total trust obligations
VRTrust remains the system of record for detailed accounting (i.e. the Trust Account Subledger)
🚫 What NOT to Do
Do not attempt to recreate full trust accounting workflows in QuickBooks
Do not push detailed transaction-level data unnecessarily
Do not try to map and post complete account/TB from VRT to QBO