By Gary R. Caddell, Auditor/Investigator Training Officer

When depositing trust monies, you probably don't spend a lot of time thinking about the information you enter on the trust account deposit ticket. You may have even figured out some shortcuts so that you only enter codes or abbreviations.

But did you know that Commission Rule A.0107(e)(3) states that the following specific information must be identified on every trust account deposit ticket?

• Purpose (typically an earnest money deposit).
• Remitter of (person paying) the funds must be identified.
• Property and a reference to the corresponding sales transaction ledger.
• Parties to the transaction.

• Purpose (typically a security deposit or rent).
• Remitter of the funds deposited.
• Tenant (if different from the remitter).
• Corresponding property or owner ledger entry.

By entering the required information on your deposit tickets, you will help establish the "clear audit trail" required by the Commission.