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.
Go to Office. Click on Billing tab
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).
Select a File and click OK.
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).
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.