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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 and editing existing bank accounts is ve...
Tue, 23 May, 2017 at 9:55 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 Apr, 2017 at 11:15 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. ...
Fri, 20 Jan, 2017 at 10:07 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 deposit...
Tue, 9 May, 2017 at 10:14 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 ...
Thu, 4 May, 2017 at 5:25 PM
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: ...
Tue, 9 May, 2017 at 2:43 PM
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...
Tue, 9 May, 2017 at 2:54 PM
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...
Wed, 16 Nov, 2016 at 2:37 AM
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...
Tue, 23 May, 2017 at 10:01 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, 10 Mar, 2017 at 11:06 AM