Trust Accounting Setup Overview
For agencies that manage their trust accounting through HawkSoft, these articles will help you update your Trust Accounting settings and configuration.
Configuring Trust Accounting in HawkSoft is critical to ensure your invoices and receipts align with your QuickBooks accounts.
Trust Accounting Setup is typically completed by the agency Owner, Bookkeeper, Admin, or the person at the agency responsible for making deposits and/or reconciling the Trust Bank Account in QuickBooks.
Trust Accounting Agency Settings
This article is intended to help you configure HawkSoft and QuickBooks before your agency gets started using the HawkSoft Trust Accounting feature.
Company Payables Setup
HawkSoft makes it easy to set up your company payables. These are the funds due to the carrier that the agency is responsible for billing the insured. These accounts will also integrate with the Chart of Account items in QuickBooks and track the commission that the agency retains.
Additional Resources
Opening Balances
Opening balances are entered into HawkSoft and QuickBooks® for any existing customer account balances or balances due to the carrier. These balances are carried over from your previous accounting management system to HawkSoft and QuickBooks at the beginning of an accounting period.
Trust Accounting Migration Overview
This article provides resources to help your agency transition your trust accounting from HawkSoft v5 to HawkSoft v6.