Setting StartUp Balances on General Retainer

Tags: Amicus Premium

Entering startup balances: Billing Users and Billing Supervisors can enter Startup Balance transactions for each File as applicable: unbilled time/fees and expenses, trust and general retainer, and Accounts Receivable. These transactions contribute to the balances as of the Startup Date.

1

Go to Office. Click on Billing tab

2

Click on Startup dropdown list. Select General Retainers

or From Actions > Startup Balances > General Retainer, enter a Receipt for General Retainer on a Client's Open Billable File(s).

3

Select a File and click OK.

4

Enter the Trust Receipt details: Trust Bank Account, Receipt Number (optional), Date, Client, Amount, Payment Type, Check Number (optional), Description, and File allocation (optional, if the Client has multiple Files).

5

Click Save & Close or click Save & New. if you wish to immediately enter another Payment Receipt for General Retainer.

TIP: Rather than entering several Payments on a File, consider entering a single Payment to cover the General Retainer balance as of the Startup Date.