Accounts Setup

firmTRAK will pull in your chart of accounts information for review in the firmTRAK application.  To navigate to the account information for review click on the gear icon and click on Account Setup.

Name: This field is imported from Xero

Code: This field is imported from Xero

Status: This field is imported from Xero

Type: This field is imported from Xero

Class: This field is imported from Xero

Account Category: Review and select the most appropriate account mapping.

Operating Account: Map to any bank account that is used for operating

bank transactions

Trust Account: Map to any bank account that is the law firm’s IOLTA bank 

account

Client Expense: Map to any asset or expense account that is used for 

expenditures related to client reimbursable expenses. (Ex: filing fees, court fees…)

Marketing Expense: Map to any expense account the law firm uses on obtaining new clients

Wages and Salaries: Map to any expense account used for recording employee wage or salary expense

Draw: Map to each equity account that is used for recording law firm owner distributions

None: This is the default setting for each account.  If a previously mapped account is no longer needed, change the mapping back to this option

In order to update any of the account setup options, click the pencil icon in the 

Actions column.  Clicking the icon will activate the Account Category for editing.