PTs are defined as either cash transactions to the value of NZ$10,000 or more, or international transactions to the value of NZ$1,000 or more. The cash scenario only relates to trust receipts as trust payments are never made in cash. When a trust receipt of $10,000 or more is posted and the funds type is set to cash, a red flag will be automatically created under the appropriate client. For international transactions OnePractice has an ‘International’ tick box on both the receipt and payment screen, see below.
If when either of these transactions are posted and the international option is selected, and the amount exceeds $1,000 then a PT will be created on the appropriate client’s Red Flags tab.