In this article, you will learn how to make payments against invoices using trust funds.
It is possible to make single invoice payments (i.e. as in one at time) or multiple invoice payments at once so you only have to create one physical transfer from trust to the business account.
Single Invoice Payments
There are several ways to make an invoice payment.
Global Create
Click on the Global Create button then click on "Pay Invoice" from the Trust Accounting menu.
Main Menu - Trust
Click on Trust > Invoice Payments > Pay Invoice
Within the matter menu
Click on the trust accounting menu within the matter and then pay invoice on the left-hand side or hover over the trust accounting menu and select "Pay invoice".
Pay Invoice List
Go to Trust > Invoice Payment > Invoice Payments List click on the right hand side button Pay invoice.
All options will lead you to this screen
| TIP: You do not need to enter the Matter ID if you have chosen to pay the invoice from the matter screen. |
| Option | Description | |
| Matter | This is where you enter the Matter ID that you want to use trust funds to pay an invoice | |
| Trust Account | Select the trust account from where this invoice will be paid | |
| Include related matters |
If selected you can pay invoices from others matters (where the trust client is the same)
|
|
| Total Amount | This is the total amount of the payment against one or multiple invoices (you can not enter this amount it is calculated based on the amounts allocated to each outstanding invoice) | |
| Reason for payment |
You can select a reason for the payment, click Other (below) to enter free text, or create a new template if it is a reason you will be entering multiple times.
|
|
| Payment date |
The date of the payment
|
|
| Payment method |
The payment method
|
|
| Requested by | Who requested the payment | |
| Deposit into account | The account where the payment should be deposited usually the business/operating account. |
You then have the option to upload a document using the Files to upload button on the bottom right-hand side.
| TIP: It is a good idea to upload the authority from the client to pay your fees for example, this could be a client authority to pay costs or their engagement letter. Again this saves time for an auditor as this authority is saved against the transaction itself. |
Select "Save" to save to process the invoice payment.
Multi-Invoice Payments
For more information on multi-invoice payments please see here: Broken Link Article
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article