The only way to credit monies back to a Fund Account is to create a Fund Account Deposit entry and describe it as a credit.
Navigate to a Matter
Choose the Matter to which you want to apply a credit. Hover over the Fund Account Entries related list quick link and select the Add Fund Account Entry button to add an entry to denote the credited amount.
Create the Fund Account Entry for the Credit
-
Matter is Auto-populated
- Choose the X to remove the defaulted Matter
- Choose another Matter with the look-up icon (if desired)
-
Apply from Fund Account (*Be sure to apply monies back to the same account used for the initial payment to which you are crediting an amount back.)
- Choose Fund Account with the look-up icon
- Set the Description of the entry
- ex. "Credit:
- Choose an optional Reference Number for the credited payment
- Set the Type
- Deposit
- Set the Action
- Credit
- Set the Receipt Date
- Click in the typing section to bring up a calendar to navigate and choose from
- Set an Amount for the Credit
- Enter a Comment for the Credit (if desired)
- Click Save to apply the Fund Account Entry deposit for the credit back to the fund Account.
Confirm Fund Account Entry
- Retainer Balance Prior to Invoice being paid +$2500.00
- Invoice Payment from Retainer Fund Acct. - $1067.10
- Retainer Acct Balance after Invoice Payment = $1432.90
- Credit added back to Retainer Fund Account + $200.00
- Balance of Retainer Fund Acct. after Credited = $1632.90 - See Balance section reflects the correct value for Retainer Fund Account worked with (below)
Balances Section
