Interest Bearing Deposits (IBD) App User Guide

3/08/2026
Knowledge

How To

The Interest Bearing Deposits (IBD) app simplifies and automates the management of trust and IBD account transactions within LEAP. Designed to save time and reduce errors, this app ensures accurate financial record-keeping with features that streamline complex processes. Users can effortlessly import bulk interest transactions, minimising manual data entry and significantly reducing keystroke errors.

Additionally, the app automatically calculates and allocates administrative fees based on preset rates, eliminating the need for manual adjustments. By automating these essential tasks, the IBD App enhances efficiency, improves accuracy, and provides a seamless way to manage trust and IBD entries.

Enabling the App

The Interest Bearing Deposits App must be enabled from Marketplace.

Click the LEAP Menu > Marketplace.

The LEAP Marketplace will open in a new window.
Search for Interest Bearing Deposits.
Click Enable.

Click to edit heading

All users who require access to the app must enable it. Access to the app is limited to users who have Trust Funds permissions in Application Settings.

Interest Bearing Deposits App Settings

To ensure the app calculates and processes the correct interest admin fees, please ensure to configure the necessary settings before using the app.

To set up the IBD app settings:

Click the LEAP Menu > Accounting > Interest Bearing Deposits.

The Interest Bearing Deposits will open in a new window.
Click the Settings icon in the top-right of the window.

The Interest settings window will appear.
Complete the IBD Admin Fee percentage.

Click to edit heading

If the firm charges a commission or an admin fee for the interest earned, enter the admin fee rate under IBD Admin Fee. If the firm does not charge an admin fee, set this field to 0.
Admin Fee Processing Account
- If the firm’s admin fees are receipted into the Trust Account, select Trust Account.
- If the admin fees are receipted into the Office Account, select Office Account.
Admin Fee Matter
- If the firm journals all their admin fees to a particular matter, enter the matter number under Admin Fee Matter.
- If the firm does not use an admin fee matter, leave the field blank.

Creating Transactions

IBD Deposit Transaction - Trust to IBD Transfer

When processing IBD deposit transactions, a payment will be recorded in Trust, along with a corresponding deposit in the IBD ledger.

From the LEAP Matter List > Search for the matter you wish to work on.

Double-click to open the matter.
From the matter toolbar, click on the Trust Funds tab and go to Interest Bearing Deposit Accounts tab on the left of the window.
Click the dropdown arrow to the right of Interest Bearing Deposits on the toolbar and click on Trust to IBD Transfer.

This will open the IBD app Trust to IBD Transfer screen with the matter details pre-populated.
If the transaction is for a date other than the current date, change the Transaction Date at the top left of the screen.
Check the Trust Account on the top right. This shows the default trust account set in the system.

Click to edit heading

If the transaction is to be posted to a different trust account, click on Transaction at the top left of the window to take you to the main app screen. From here, choose the corresponding trust account and click Next.
Enter a Reason for the transfer.
Enter the Amount.
Click Save & Close.

IBD Withdrawal Transaction - IBD to Trust Transfer

When processing IBD withdrawal transactions, a withdrawal will be recorded in the IBD ledger, along with a corresponding receipt in Trust.

To create an IBD withdrawal transaction for a matter:

From the LEAP Matter List > Search for the matter you wish to work on.

Double click to open the matter.
From the matter toolbar, click on the Trust Funds tab and go to Interest Bearing Deposit Accounts tab on the left of the window.
Click the dropdown arrow to the right of Interest Bearing Deposits on the toolbar and click on IBD to Trust Transfer.

This will open the IBD app IBD to Trust Transfer screen with the matter details pre-populated.

Click to edit heading

If the transaction is for a date other than the current date, change the Transaction Date at the top left of the screen.
Check the Trust Account on the top right. This shows the default trust account set in the system.

Click to edit heading

If the transaction is to be posted to a different trust account, click on Transaction at the top left of the window to take you to the main app screen. From here, choose the corresponding trust account and click Next.
Enter a Reason for the transfer.
Enter the Amount.
Click Save & Close.

IBD Interest Transaction

When processing IBD interest transactions, the gross interest, withholding tax, and admin fee will be recorded in the IBD ledger. Additionally, a corresponding receipt in trust will be posted for the admin fee.

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If the firm utilises an Admin Fee Matter and the Admin Fee Matter field in Settings is completed, a journal entry for the admin fee will also be posted into the Admin Fee Matter.
If the firm has chosen the Office Account for their Admin Fee Processing Account in Settings, only the gross interest, withholding tax, and admin fee will be recorded in the IBD ledger.

To create an IBD interest transaction for a matter:

From the LEAP Matter List > Search for the matter you wish to work on.

Double click to open the matter.
From the matter toolbar, click on the Trust Funds tab and go to Interest Bearing Deposit Accounts tab on the left of the window.
Click on the dropdown arrow to the right of Interest Bearing Deposits on the toolbar and click on Interest.

Click to edit heading

If the transaction is for a date other than the current date, change the Transaction Date at the top left of the screen.
Enter the Gross Interest and the Withholding Tax amounts.

Click to edit heading

The Admin Fee will be auto-calculated from the Gross Interest amount provided and the IBD Admin Fee rate configured in Settings.
Click Save & Close.

Processing IBD Quarterly Interest Files

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The IBD app is able to process CSV import files from the following banks:

ANZ
ASB
BNZ
Westpac

If you are with a different bank and you would like to be able to use the app, please log a call with the Support Team for this.

The IBD app has the functionality to process IBD quarterly interest files.

To process quarterly interest files:

Click the LEAP Menu > Accounting > Interest Bearing Deposits.

The Interest Bearing Deposits screen will open in a new window.
Choose Interest under Transaction Type.
Choose the corresponding Trust Account.
Click on Next.
Click on the Import Interest File button at the bottom left of the screen.

A window will pop up to choose a file.
Choose and click on the interest file to be processed.
Check imported data.

Check the Transaction Date. This date is taken from the import file. If the transactions are to be posted with a different transaction date, update the Transaction Date.

If there are matters where the admin fees are to be charged at a different rate, go to the Admin Fee column and update the amount.

Click to edit heading

If there are matters with multiple IBD accounts, please ensure the correct IBD account is selected. Matters with multiple IBD accounts will be shaded white and have a dropdown arrow.

Once all data has been verified, click Save.
If there are matters with multiple IBD accounts, a message similar to the one below will appear after clicking Save, listing those matters. Review the indicated matters and ensure the correct IBD account is selected.

The saving process may take a few minutes, depending on the number of transactions. An orange progress bar at the bottom of the window will indicate the progress. The window can be minimised, so you can continue working in other LEAP windows while the process runs in the background.
A notification will appear confirming that all transactions have been successfully saved once the process is complete.

Since the quarterly interest process is a bulk transaction, only one trust receipt will be generated for reconciliation, reflecting the total Admin Fee processed.

Withholding Tax Certificates and Reports

Available from 03 August 2026

LEAP's Interest Bearing Deposits (IBD) tools now let you generate a resident withholding tax (RWT) certificate for a client, and run two withholding tax reports, without leaving LEAP. This article covers the new certificate and reports. For setting up IBD, recording transfers and interest, and admin fees, see the main Interest Bearing Deposits (NZ) article.

Before you Start

Before you generate a certificate, check that:

Interest Bearing Deposits is enabled for your firm. If it is not, enable it from the Marketplace.
The interest, and any admin fee, has been recorded against the matter.
The client's details are on the client card. Add the client's IRD number to the card if you have it. If it is not recorded, the certificate shows “No IRD number recorded”.

What's New

There are three withholding tax outputs:

Withholding Tax Certificate a certificate for a single client and matter.
Client Withholding Tax Report client totals across a date range.
Matter WT Certificates Report a list of the certificates you have generated.

Generate a Withholding Tax Certificate

Open the IBD App.
Select Reports (bottom left of the screen).
Make your selections such as logo inclusion, clients who do not have a tax declaration on file, or archived matters.
Select matters by entering the matter number or clicking to select from the list.
Select the tax year and click generate.

The certificate shows:

your firm's name and IRD number, and the client's name and details
the tax year ended, and the tax period it covers
the income type
the gross interest earned, less the withholding tax deducted, less the admin fee, and the amount paid to the client
the average RWT rate
a statement that the certificate meets the requirements of section 26C(6) of the Tax Administration Act 1994.

Run the Client Withholding Tax Report

The Client Withholding Tax Report summarises, for each matter and client, the gross interest, the withholding tax, and the net interest, with a total at the foot. Use it as a client totals report across a period.

Go to the Interest Bearing Deposits reports area.
Select Client Withholding Tax Report.
Choose the date range you want to cover.
Select Generate.

The report lists the matter number, the client, the IRD number, the gross interest, the withholding tax, and the net interest, and totals these at the foot.

Run the Matter WT Certificates Report

The Matter WT Certificates Report lists the certificates that have been generated across your matters. Use it to reconcile what you have produced against what is still outstanding.

Go to the Interest Bearing Deposits reports area.
Select Matter WT Certificates Report.
Choose the date range or the matters you want to include.
Select Generate.

Good to Know

Who needs a certificate? You can generate an RWT certificate for any client, whether or not they have provided an IRD number. If a client has not provided one, the certificate shows “No IRD number recorded”.
Tax year or date range? A certificate covers a single tax year. The reports can cover any date range you choose.
Amount paid to the client. This is the gross interest, less the withholding tax and the admin fee.

Interest Bearing Deposits (NZ): setup, transfers, interest, and admin fees.

Last Modified Date

3/08/2026 3:41 pm

Title

Interest Bearing Deposits (IBD) App User Guide

URL Name

Interest-Bearing-Deposits-NZ

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