Managing protected trust funds

Use Smokeball to protect funds earmarked for a specific purpose, ensuring those funds are not used accidentally.

Learn how to set up protected funds, find where they can be found and managed, and how to unprotect them once your firm is ready to use them. 

Add protected trust funds

Once funds have been deposited into a client's trust account, you will have the option to protect them. The Protected Funds subaccount is the holding space where you can view and manage Protected Trust Funds on a matter. This is not a separate trust account.

1. Open a matter and select the Transactions tab.
2. Select Protected Funds from the left menu. If you have multiple trust accounts, Protected Funds will display under each one.
   
3. Select Protect Funds under the client's BSB and Account number.
4. Enter the Matter, Protected Funds Reason and Amount in the Protect Trust Funds box.
   
5. Select Process.

View protected fund totals

To view a summary of protected and available funds in the trust account for a single matter, hover over the trust balance in the top-right corner.

To view a summary of protected funds across all matters, select the Accounts tab, then select Protected funds from the left menu.

Unprotect funds

1. Open a matter and select the Transactions tab.
2. Select Protected Funds from the left menu.
   
3. Navigate to the fund line item you wish to unprotect, then select Unprotect under the Actions column.