Modified on Sun, 17 Dec 2023 at 04:00 PM

What is Income?


Every business uses some form of selling for Income. The Actionstep system carries a vast amount of functionality and options around the sales capability.

Where time is the major billable item we suggest the following:

  • Use the “Matter Billing” via workflow to Invoice the clients. Where direct recharges to clients for a purchase will occur, they will be available in Action Billing once purchased.
  • Ensure the rate sheets are set correctly see Dealing with Rate Sheets
  • Billing Preferences should be set for the information you require on output.
  • The Docx Invoice Template/s have been tested and checked in line with billing preferences.

When a client pays:

  • You will either be receipting this via Trust Accounting and applying.
  • Where Trust Accounting is not involved, we suggest you receipt this via the accounting module where multiple deposits can be receipted in one screen.

Managing Debtors

Once you have completed both your billing and your bank reconciliations, we suggest you send out debtor statements.

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