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Managing Transactions

How to Add/Edit/Delete a Bank
The Bank section of the program allows you to perform various banking related functions.  Adding a new bank account, editing existing bank accounts is very ...
Wed, 20 Sep, 2017 at 9:14 AM
How to Enter Retainers/Advances
Operating Retainer: On the main matter page, select the matter and click the "Operating Retainer" button on the right side. This will create a ...
Fri, 28 Jul, 2017 at 9:49 AM
What Does It Mean When a Transaction Status Is Posted?
You cannot edit or delete a transaction whose status is Posted. There could be a few reasons as to why a transaction's status is listed as posted. 1...
Wed, 20 Sep, 2017 at 9:34 AM
Purpose of Creating a Deposit Slip in CosmoLex
The purpose of deposit slips is as follows: NOTE: this feature is not for printing bank deposit slips.  1. Many times (especially with Trust deposi...
Wed, 20 Sep, 2017 at 10:03 AM
Adjusting your Check Print Settings
We recommend first testing a check print onto blank paper, then holding it up to your actual check and see if everything lines up. If the printed text does ...
Fri, 11 Aug, 2017 at 9:57 AM
Managing Evergreen Retainers (Low Retainer Reminders)
If you handle Evergreen retainers in your firm, you can track low retainer balances and then generate reminders to clients for replenishment.  Steps: ...
Wed, 20 Sep, 2017 at 10:15 AM
How to Credit Back Clients
If you ever receive an invoice payment HIGHER than the invoice amount, this will automatically become an Operating Retainer balance, essentially a credit o...
Thu, 5 Oct, 2017 at 9:34 AM
How to Perform Debit/Credit Allocation
Fundamental to trust accounting is its ability to keep ALL transactions (deposits, checks etc) of a matter separate from other matters. All bank trust trans...
Fri, 28 Jul, 2017 at 2:54 PM
How to Use the Positive Pay Feature
A Positive Pay list can be generated through CosmoLex. For information on how Positive Pay works, click HERE.   Navigate to Accounting > Bank. Click...
Thu, 21 Sep, 2017 at 9:48 AM
Accounting for Bank/Wire Fees
Many times, banks charge fees, sometimes incorrectly. You still need to account for those in your program so that you can reconcile for that month.    Ope...
Fri, 6 Oct, 2017 at 11:11 AM