How do I automatically transfer money from trust to pay for fees and advanced costs?
First you must assign the matter in question a billing format code that has the trust transfers option turned on . Then w hen the actual bill is printed, AbacusLaw will apply the appropriate amount of money to the bill and put that line item in the financial recap so the client can see that trust money is being used to pay for some or all of the fees and costs (depending on the balance in that matter’s trust account). The system will automatically insert a trust check request so you can print a trust check for this money right away (if this option is turned on in the Abacus Accounting Company Preference/Configuration tab ). The next step is to print the check and then go into the Billing menu and apply a client payment just as if you had received that check in the mail from the client. It is always preferred to use trust money when possible to cover fees and costs because you get to deposit that money into your operating account as soon as the bills have been printed and posted. No wai
