How to Add a Retainer

You can have a trust account for a client and another trust account for a matter. Either way, the following methods apply. To record a retainer, you have two ways of recording it.

Under the Accounting tab of the client or matter:

  1. Press the “Receive Payment” button. A pop-up window will open.
  2. Fill out the required information on that pop-up window. Do not apply the payment to an invoice.
  3. Put in the Notes that this is a retainer.
  4. Press the “Save” button.

When invoices sent out for this client or matter, the balance on the invoice will be a credit balance showing how much is left from the retainer.

 

Under the Trust Account tab of the client or matter:

  1. If you need to add a bank account, click on the “+” symbol. A pop-up window will open. Fill out all required information and press the “Save” button.
  2. Press the “Add Deposit” button. A pop-up window will open. Fill out the required information and press the “Save” button.

Click here to comment or view related articles.