Billing Matters Plus

Re: Recording expenses

Kathy Burger — Fri, 18 Jan 2008 23:43:59 GMT

Howard - When you take funds from a client and enter into your trust account, those funds are reduced in one of two ways; Apply funds to AR, and Withdraw funds. If you are paying a client expense from THEIR trust funds, the item need not be recorded as an expense to the firm. (You don't want to charge them twice, right?) However, you might want to list the item as an expense on the matter, so that it shows on the bill, just be sure to 'no charge' it. I would put right in the description of the item, 'paid from trust account, check number x'.

Re: Recording expenses

Caren Schwartz — Fri, 18 Jan 2008 22:14:43 GMT

The proper way to enter these is as a withdrawal from funds. This is under billing - new transaction.

Recording expenses

hiken — Fri, 18 Jan 2008 21:41:15 GMT

I have always used Check Express to write and records checks from Trust. Recently, I started using the Detailed Billing powerview when viewing matters. I notice that payments entered in this manner do not show up on the powerview as Expenses. What is the method for properly recording expenses - for them to show up on this powerview? Thanks, Howard Iken New Port Richey, FL 727-844-7676