Trust, escrow and client-funds accounting

Elements

The pieces this function usually contains in a large organisation:

• Segregated client balances
• Three-way reconciliation
• Disbursement approval

Catalog items that cover it

None found at repository commit 8e3792a.

Classification

Status

Missing

Fit

Specialist: integrate or leave out (a specialist system usually owns this)

Suggested module

New module (suggested): Fund and public-sector accounting

Suggested attributes

Pro; priority Optional; always offline. Starting points only.

Cluster

Second-pass additions: assisted selling, counters and miscellaneous

Public excerpts

domain analysis

Archetypes and companies

Banks and credit unions; Insurers; Real estate and property management; Universities, government and nonprofits; Staffing, facilities and outsourcing.

Example companies in these archetypes: JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, U.S. Bancorp, State Farm, Allstate, Progressive, MetLife, Prudential, Simon Property, Prologis. These come from general knowledge unless a source code is shown on the archetype page; it is not a statement that each company runs every element, and it implies no relationship.

Closest industry pages

• Banking, credit unions and cooperative banks
• Payments, remittance and money services
• Securities, asset management and diversified financials
• Savings groups, cooperatives and microfinance
• Insurance (life, property, casualty and agencies)
• Health insurance and managed care
• Real estate and property management
• Education, schools and training
• Government and public-sector counters
• Nonprofits, NGOs and faith organisations

Previous: Time and expense capture with billing rates (professional services). Next: Royalty, licence-fee and revenue-share accounting.

Status is a hand review against catalog names and descriptions and can be wrong. See the method.