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Closing matters with unbilled disbursements

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R&D Admin Posted: Fri, Sep 25 2009 8:19 PM

Are there any accounting implications to be aware of in closing matters with unbilled disbursements and reversing those unbilled disbursements in the process?  We are on cash basis of accounting.  Will this change historical financials and/or affect current financials?


Amy Kopec
Law Firm Administrator
Ryan & Drewniak, P.A.
Annapolis, Maryland

Top 25 Contributor
Posts 348
The best practice is to create a zero balance bill by writing off the disbursements (and/or fees).  This bill does not get sent to the client.  The accounting will be correct. 
Deanne Ikard Ikard Consulting Time Matters CIC Billing Matters/Billing Matters Plus CIC Time Matters Enterprise CIC LNTPA CIC PCLaw CIC 707-863-9718 Green Valley, CA Serving Northern California
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