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How To Post Legal Fees

This document assumes that you are very familiar with the use of Transactions and Transaction Types. It is a quick run through for advanced users.

To Charge Legal Fees To The Debtor

This is a way of charging legal fees to the Debtor while not adding commission or charges to the client.

1. Create a new Transaction Type (let's say 225 to stay in the legal fees section)

- Description: Legal fee to Debtor
- Account: Fee
- Enter amount on posting
- Omit from client statement
- Omit from daily cash report
- Don't calculate commission
- Don't calculate tax

2. Create a second Transaction Type (let's say 125 to stay in payments).

- Description: Legal fees paid by Debtor
- Account: Payment
- Enter amount on posting
- Omit from client statement
- Omit from daily cash report
- Don't calculate commission
- Don't calculate tax

3. Post Debtor information in the usual manner. Then post a Transaction for the initial fee using the Transaction Type 225 that you created. Enter the amount.

tip.gif This will not appear in your statements or cash report. It will appear in other reports which include all transactions, or you may wish to create a report specifically to track legal expenses.

4. To handle payment posting, first, post the amount of the fee as the Transaction Type 125 that you created. Then, post the remainder of the payment as a new Transaction - your normal payment by check, Type 101.

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See Also

- Legal Topics

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