Note: In the UK, trust accounts are called client accounts. Throughout this article, any reference to a trust account also means a client account.
Brief Description
Allows you to see for each matter where there are trust / client account balances, the total lockup amount being unpaid bills and unbilled fees and disbursements.
Use Cases
Use this report to see if you have enough funds in trust / client account to cover work done on behalf of a client.
Finding and Using the Report
- In Actionstep, go to Reports > Trust / Client Acct Reports > General.
Then, refer to these articles for help generating and saving reports for future use:
Available Filters
- Period ending: Select the period you wish to report on.
- Trust account: Choose one or more trust / client accounts you want to report on.
Report Output
- Client: Shows the client’s name.
- Matter/Matter Name: Shows the matter number and matter details.
- Last Entry: Shows the last trust / client account entry.
- Available Funds: Shows the funds held in trust / client account.
- Billed amount due: Shows the unpaid billed amount.
- Unbilled Amount: Shows the total of unbilled fees and disbursement on the matter (e.g., GST, VAT, or tax).
- Lockup Amount: Shows the total of billed amount due and unbilled Amount.
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