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Knowledge BaseCreating a Transit Money Transaction
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Creating a Transit Money Transaction

  • 14/08/2025
  • Knowledge

How To
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A transit payment is any third-party payment received by the firm that will not be receipted into the trust account and/or general office account but temporarily held by the firm until passed onto the third-party. Learn how to record and manage transit payments in LEAP.

  • Desktop

Create a New Transit Money Transaction

 

  1. Open the matter.

  2. Click LEAP Accounting.

    LEAP Accounting will open in a new window.

  3. Click the Trust Funds > Transit Money tabs.

  4. Click New Transaction on the toolbar.

  5. By default, the Matter field is the matter number of the matter you opened.

    Click User-added image to bring the Matter window to the front so you can view matter information.

  6. Enter or select who the payment is Received From.

    Click Select List to choose a person from the Card List, then click Select.

  7. Enter the Amount and Reason.

  8. Choose a Payment Type by clicking Select List and choosing an option from the list, then click Select. 

    Once you've chosen the Payment Type and depending on your selection, you may wish to enter the Payment Type Details which may automatically display for you to complete. If not, click More options and complete the bank account details fields. Click OK.

  9. The Transaction No. is automatically generated to be the next sequential number.

     
    Click to edit heading

    It is not possible to modify the auto-numbering for trust transit money receipts. The first transit money transaction on the matter will be labeled as payment number 1, and the numbering will increase by 1 with each subsequent transaction.

  10. Enter or selected the Received Date if it's different from the current calendar date.

  11. If the item has been paid, tick the Paid checkbox.

    1. Enter the details of the person who the money was Paid To.
    2. By default, the Paid Date is the current calendar date which can be changed if necessary.

  12. Click Save & Close.

Mark a Transit Money Transaction as Paid

 

  1. Open the matter.

  2. Click LEAP Accounting.

    LEAP Accounting will open in a new window.

  3. Click the Trust Funds > Transit Money tabs.

  4. Select Unpaid from the payment status drop-down list.

  5. Open the transaction.

  6. Tick the Paid checkbox.

  7. Enter the details of the person who the money was Paid To.

  8. By default, the Paid Date is the current calendar date which can be changed if necessary.

  9. Click Save & Close.

Delete a Transit Money Transaction

 

  1. Open the matter.

  2. Click LEAP Accounting.

    LEAP Accounting will open in a new window.

  3. Click the Trust Funds > Transit Money tabs.

  4. Open the transaction.

  5. Click  on the toolbar.

  6. Confirm the deletion.

Last Modified Date
14/08/2025 3:26 pm
Title
Creating a Transit Money Transaction
URL Name
Creating-a-Transit-Money-Transaction-NZ

Resolution
Trust Accounting
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Creating a Transit Money Transaction