Legalmaster Tutorial

About This Presentation

Title:

Legalmaster Tutorial

Description:

This tutorial deals with the second situation; viz, you created your credit ... We also welcome your suggestions regarding how we might improve this tutorial. ... – PowerPoint PPT presentation

Number of Views:79

Avg rating:3.0/5.0

Slides: 11

Provided by: Phi6123

Category:

more less

Transcript and Presenter's Notes

Title: Legalmaster Tutorial

1
Legalmaster Tutorial

Ridding a Matter
of a Credit Balance

2
Introduction

So you have a matter with a credit balance.
There are two ways you can make this happen.
You billed negative fees or costs, thereby
creating a negative invoice.
Your client overpaid you, resulting in a
unapplied payment.

This tutorial deals with the second situation
viz, you created your credit balance by entering
an overpayment.
An overpayment results in a payment line on your
ledger card with the word unappl in the column
where an invoice number would otherwise appear.

4
By unapplied, all we mean is that since the
client had no outstanding invoices, Legalmaster
is unable to assign the payment to an invoice.
5
What you must do
1st click Transactions
2nd click Adjustment
6

Be sure youre entering an adjustment.

2. Identify your matter.
3. A grouping code is optional, useful if
you want to extract a report of all of
your refunds.

Enter the amount as a positive number.

Check the Non- applied box. This is very
important. A non-applied adjustment offsets a
non-applied payment.

Notice that Legalmaster displays the amount of
your unapplied overpayment.
7

Once you save and merge this adjustment,
Legalmaster assigns it an invoice number by
creating a billing transaction for a zero
amount and associating your new adjustment with
that billing.
Now lets see what that does to the account
status screen.

8
Notice that your A/R balance is now zero, just as
you wanted, but the unapplied payment is still
unapplied.
Here are your adjustment and the billing that
Legalmaster created for you. Notice that they
share an invoice number.
Your final step is to apply the unapplied payment
to the new invoice you created. All you have to
do is click this button.
9
Mission Accomplished!