How do I record one check into separate retainer accounts?
There are times where a client will submit one check for a trust and operating retainer and the firm is unable to get 2 separate checks. The firm would deposit the check in the trust bank account and then either transfer or write a check for the operating retainer amount to the operating bank account.
Here is how to record this in Zola Suite:
Create a new trust check
to yourself (and print it to deposit it in the operating bank account)
Make sure to notate the splitting of the check to the different bank accounts in the notes fields.
How Do I Refund a Retainer?
If you have leftover funds within a client's matter or if they overpaid, you can refund their retainers. Operating retainers can be done within the Invoices and Payments section by clicking on the +, while Trust retainers must be refunded by creating ...
Can a Client Pay a Retainer Through Caseway?
At this time, clients can only submit direct payments to existing invoices through our client portal, Caseway. We do not recommend invoicing retainer fees because this will affect your P&L. You can always send a document reflecting the need for a ...
How Do I Record a New Retainer?
When taking in any kind of advanced client payment, retainer or recording a deposit to the Trust account you will want to enter it as a New Trust/Retainer Payment. You can also create a retainer with a credit card via APX . Go to Accounting section ...
Can I Print More Than One Check at a Time?
When making payments from the system, whether using Vendor Bills or AP Checks, you may want to enter the payments first, then print them later in a batch. Rather then printing them one by one, either at the time you create the check by hitting save ...
Does Zola Suite Have Sub Accounts?
Zola Suite allows you to relate accounts within your Chart of Accounts to "parent" accounts. These accounts will fall under the parent account, allowing you to view a total under that parent account, in addition to a breakdown of the individual ...
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