How do I prepare the Trust Reconciliation Worksheet?
ForLandlordsProperty managers
Who can do this
Landlord; Organization users who can open Reconciliation.
Where to find it
Accounting → ⋮ → Reconciliation → Trust Reconciliation Worksheet.
Steps
- Click Generate worksheet.
- Read Step 1 · Bank balance against your books and Step 2 · Trust cash against what you owe, the In balance / Out of balance badge, Owner liability, Deposit liability, Total trust liability, Discrepancy, Threshold and the Owner breakdown.
- Click Download PDF ("Preparing worksheet PDF", then "Worksheet PDF ready").
- Click Sign off to record your sign-off; it then reads Signed off.
What happens next
The PDF after sign-off includes the sign-off time. Keep it with your trust records.
Good to know
Step 1 shows "Bank balance not available" when "There's no trust bank account.", "A trust account isn't linked to your bank." or "The bank's balance is more than 36 hours old." Deposits held by the owner aren't counted as deposit liability.
Limits
The worksheet is a best-practice tool under TRESA and O. Reg. 567/05, not a legal certification. Always compare it against your actual bank statement.
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