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With Trust Syncing Turned On, Will Quickbooks Online Move Trust Funds From the Trust Account to An Operating Account Within My Quickbooks?

Objective:

  • Transferring trust funds in Quickbooks Online
  • Bill payments using Trust Funds in Quickbooks Online

Environment:

  • Clio Manage

Additional Information:

  • For more information on Trust Syncing in Clio to Quickbooks Online, click here.

Answer:

No. trust syncing is only mapped to your Trust account in Quickbooks Online. There are no settings to map Clio to an Operating bank account to facilitate this.

The trust syncing is designed to track transactions to and from trust. It will only sync additions and subtractions from the trust account (depending on settings) and transfers within the trust account.

When a payment is applied to a bill using trust funds, the funds will be removed from the trust account in Quickbooks (depending on your sync settings) and the payment will be added to the Undeposited Funds account. The Undeposited Funds can then be deposited to a bank account in Quickbooks. For more information on this, click here.

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