Sentences with phrase «trust balances»

Another page, the matter list, shows all active clients and their current trust balances.

Other cloud practice management programs say they offer some form of trust accounting, but that is often nothing more than tracking trust balances.

Clients can view their invoices, account statements, and trust balance in a secure environment.

A 3 - Way Reconciliation means that your IOLTA Bank Balance matches your Checkbook Trust Balance and they both match the Sum of all Individual Client Ledger Balances.

The Trust accounting happens in QBO, but your law firm can use simple, LeanLaw tools to see trust balances, pay invoices using trust funds and make client deposits to trust.

New information includes the total amount billed, WIP, available trust balances and payments, and the total balance due for the Matter.

For distributions from a trust account, the TimeSolv system also calculates the remaining trust balance.

This includes reconciliations, reviewing trust balances, tasks for your accountant, and much more.

If your invoicing software does not allow you to create a custom invoice template (like above), then you can include with the invoice a report called «client trust ledger report» which is basically a spreadsheet showing all deposits and withdraws and current trust balance.

In addition, Firm Central's ability to tie individual client trust accounts into Time & Billing makes it easier to track trust balances.

Client Portal Improvements 1 — Work in Progress and Trust Balances in Client Portal Now the Client Portal provides an option to display work in progress (WIP) amounts for time and expenses to provide your client a better understanding of what is yet...

This update allows you to set minimum thresholds for trust balances, automate trust balance notifications, review the status of funds, and track cashflow with Clio's Trust Management Report, all to help you keep your trust accounts evergreen.

You can bill directly from case matters and run detailed reports from your accounts, trust balances, aged accounts receivable, and more.

Trust balances can be used to pay for new charges automatically.

On the accounting side, you can run reports that detail overall summaries of your accounts, trust balances, and aged accounts receivable, among others.

2) A ledger for each client's trust balance, the total of which equals the trust bank account balance.

Without any setup, LeanLaw will spot that there's a trust balance for this client and matter and put the before and after trust balance on the invoice.

In LeanLaw, when we go to Trust Account, you see you have a trust balance with an overview.

If the trust balance is $ 1000 for a client and he has $ 400 that he owes you, you click in and see the invoice.

You can instantly see how much you have billed or collected, what your client's trust balance is, attorney compensation reports, timekeeper activity and so much more!

If you are working on retainer, posting the trust balance on the invoice keeps the economics of your work front and center.

In addition, new widgets on individual matter pages allow users to view time and expenses and view overall financial summaries, such as outstanding balances and trust balances, for each matter.

With the client portal, clients can independently view invoices, payment histories, trust balances, and details of work in progress, allowing you to focus on other areas of your business.

Often, law firms have an «evergreen retainer» policy in place — as a trust balance is reduced below a predetermined amount, a notice is sent to the client with a request for replenishment of funds.

'' policy in place — as a trust balance is reduced below a predetermined amount, a notice is sent to the client with a request for replenishment of funds.