ESCROW ACCOUNTING SERVICES

Client Fund Manager (CFM) is an escrow bookkeeping checking account specifically designed for individuals or organizations who act as escrow agents for third parties, such as:

• Real estate companies handling earnest money
• Title companies handling escrow deposits
• Property managers handling security deposits
• Brokerage companies managing real estate investment funds
• Attorneys
• Funeral home operators

CFM simplifies bookkeeping and tax reporting by linking multiple interest-bearing and non-interest-bearing “client” accounts to a single “master” commercial checking account.

Benefits of Escrow Accounting Services

• Keeps track of funds that move in and out of your client accounts
• Generates a single, consolidated statement for the entire CFM relationship
• Creates and mails 1099 tax reporting to you or your clients
• Deducts service charges for each client account from the master account
• Reduces costs and complex accounting systems required to manage client funds
• Allows up to 199 client accounts per master account

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