Closing matters with unbilled disbursements

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

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.