What Is the Difference Between a Hard Cost and a Soft Cost?
A Hard Cost is an expense that you directly pay to a vendor (i.e court fees). You can enter in a hard cost from the New Check window.
When creating a Hard Cost you will reduce/credit your bank account and increase the selected account from the "Assign Accounts & Matters". If you'd like to bill your client for an expense, make sure that their matter is selected from the drop down and "Bill Client" is checked off. This expense will show when you invoice Unbilled Activities. Once the invoice is paid the original increase of the selected account will now decrease by the amount paid.
A Soft Cost is an internal cost or an indirectly associated expense (i.e office supplies, postage). You can create a soft cost in the "New Expense" window.
When creating a Soft Cost nothing will hit the books unless passed to your client by checking off the "Billable" option. This will add the cost to your Unbilled Activities. This entry will hit your books when the soft cost is invoiced on accrual basis and paid on cash basis. Once paid the your bank account will increase/debit and the "Soft Cost Revenue" account with increase/credit.
How Do I Invoice Hard and Soft Costs For a Flat Fee Matter?
In general invoices for a flat fee matter will come from a blank invoice with a service for the flat fee. However, if you are looking to also add soft and hard cost expenses to the invoice as well you will need to create the invoice from unbilled ...
How do I bill a client for an expense?
When you pay a vendor or matter-related fee, you have the option to record that payment as an expense directly through a check as a hard cost or as a soft cost. Hard Cost Create a new check (hard-cost) from the Expenses tab of the Matter, or from ...
How Do I Create Expenses?
Within Zola Suite, there are 2 types of expenses, hard and soft costs. They will both be created and used differently. If you choose to make these expenses billable, you can invoice them. There are multiple ways to enter in Hard Costs and Soft Costs ...
How Do I Attach Receipts to Expenses?
When making payments to expenses in Zola Suite you may want to store specific attachment records to the expense like a receipt and or a credit memo. Attach On the bottom of the check, expense or vendor bill detail/edit pages you will have the ability ...
How Do I Create Soft Cost Expenses?
There are a few ways of recording soft costs in Zola Suite: Quick Add menu and select New Expense (Soft Cost) Inside of the Time/Expenses tab of the Matter and click on the plus sign Inside of the main Time section, click on the expenses tab and then ...
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