Ebillity timetracker reports amount column

#EBILLITY TIMETRACKER REPORTS AMOUNT COLUMN UPDATE#

This bank account will now show up as an option to associate with any new Trust Accounts you create.

It will now show up in the list on the вЂњBank AccountsвЂќ Tab. Click the вЂњSaveвЂќ button after you enter the details of the account.

Click the вЂњAdd New Bank AccountвЂќ button to enter the details of a new bank account.

Note: a Client can have one вЂњGeneralвЂќ trust account, and additional trust accounts for each Project or Matter. So, for example, youвЂ™d be able to see $1MM in your New York bank account, and that $500K belongs to Client Kristin and $500K belongs to Client George. Note: When you run a Trust Account Report (Dashboard > Reports > Trust Account), it will show you all the money in each back account broken down by Client.

#EBILLITY TIMETRACKER REPORTS AMOUNT COLUMN UPDATE#

When you do this the balance of the trust account will automatically update to reflect the payment.

Select which trust account the payment should come from.

In the вЂњPaymentвЂќ area on the screen, select вЂњTrust AccountвЂќ in the Payment Method drop-down menu.

You can either вЂњauto-applyвЂќ a payment (in which case the payment is automatically applied to the oldest outstanding invoice first) or you can manually allocate the payment to any outstanding invoice.

Enter the amount of the payment (to come from the trust account) in the вЂњPayment AmountвЂќ field.

Select the ClientвЂ™s name in the drop-down menu.

Go to the вЂњAccountingвЂќ Tab, вЂњPaymentвЂќ Sub Tab, and click to вЂњAdd New Payment.вЂќ A new screen will appear.

If the client has a finalized invoice, you can take money from their trust account to pay it.

Next, confirm the client has an outstanding invoice.

You will get a message confirming the deposit: вЂњTrust Deposit has been made successfully.вЂќ.

Enter deposit details in the new window that appears.

If you need to record a deposit, highlight the trust account row in the list, click the down arrow to the right of the row, and select вЂњDepositвЂќ in the drop-down list of actions.

First, make sure there is a positive balance in the trust account.

Your law firm can pay itself from a ClientвЂ™s trust account. A new window will appear for you to input details of the transfer, and the new balances for both accounts will update in the system.

Click вЂњ TransferвЂќ to move funds from a ClientвЂ™s trust account to another of their accounts.

A new window will appear with fields to enter disbursement (debit) details.

Click вЂњ DisbursementвЂќ to note payments made from the account.

A new window will appear with fields to enter deposit (credit) details.

Click вЂњ DepositвЂќ to record new funds added to the account.

Click вЂњ Manage Trust AccountвЂќ to see details of the account.

Click вЂњView EntriesвЂќ to see what is going on with the account (if no activity has happened in the account, the list will be empty).To record debit or credit transactions for the new trust, highlight the item row in the list, and click on the down arrow to the far right of the row. Click вЂњSaveвЂќ and the Trust Accounting List Page will show up with your newest Trust Account at the top of the list.Opening Balance: If you want to start the new trust account with an opening balance, you can enter it here (you donвЂ™t have to in order to set up the trust account though).

If you havenвЂ™t yet created a bank account to associate with this trust account, you can add a new bank account by selecting вЂњ>вЂќ in the drop-down menu.

Select the Bank Account in the drop-down menu.

Determine вЂњUsage.вЂќ Click a button to select whether the new trust account should be 1) assigned to a client in general or, 2) to a ClientвЂ™s selected project or matter.

Select the Client in the drop-down menu.

Here are the steps to set up a new trust account in the eBillity system: There are two tabs on this page: 'Trust Accounts' and 'Bank Accounts. The eBillity Trust Accounting feature lets you set up a place to keep track of money your manage on behalf of a client.

Ebillity timetracker reports amount column