Once you receive transactions from your bank feed or upload them from an import file, you can: Confirm matches to existing entries Add transactions Delete transactions Manage Bank Feed or Import File Transactions To manage your bank feed or import file transactions: Take the appropriate action: Link your Bank Feed Import Bank Transactions via QBO/Excel/CSV …
Manage Transactions Received via Bank Feed or Import File Read More »
You can export your QBO statement from most banks’ websites. Almost all banks offer the QBO format. Export a QBO Statement from Bank Website To export your statement in QBO format: Log into your bank’s website. Navigate to your statement downloads area. Choose the correct starting and ending dates. Download the file in QBO format. …
You can import transactions from your operating, trust, and credit card accounts. Your firm would likely import bank transactions when: Migrating to CosmoLex for the first time Transferring transaction history from another source rather than just starting with the correct chart of account balances Importing monthly credit card statement transactions Step 1: Export the Transactions …
Linking your bank feed allows you to automatically import transactions from your bank statement. Step 1: Enable the Bank Feed Note: You can enable one bank feed at a time. To enable the bank feed: From the left navigation panel, click Account. From the Account gray left navigation, click Add Ons. On the Add Ons screen, to the far right of …
You can use the deposit slip feature for reconciliation and record-keeping purposes. Law firms use this feature: When creating a deposit slip to take to the bank. When batching payment transactions or trust deposit transactions to ensure the total deposit amount displayed on the reconciliation screen matches the deposit amount displayed on the bank statement. …
You can utilize a single trust credit (deposit) or debit (withdrawal) from a trust account across multiple matters. However, please note that this method is not designed for recording invoice payments within your firm.
You have the option to set your default print settings and resolve any check printing issues that may arise. Step 1: Set Chrome Browser Settings to Download as PDF
Note: You must enter a trust withdrawal before you can print a trust check Display Payee Address on Checks
You can customize your checks by choosing the font size and adjusting the check print offset. Additionally, there are various check printing display options available, each accompanied by preview images showcasing different check styles and layouts.
When returning money to a client, it is necessary to issue a credit memo to document the transaction accurately. Credit Memo from the Operating Retainer >Access the Matters section by clicking on it from the left navigation panel.
You can record your bank fees to facilitate accounting, generate reports, and reconcile accounts. Record Operating Bank Fees add an operating bank withdrawal transaction
The Banking section enables you to monitor your firm’s transactions and execute various banking-related functions. Add a Bank – Operating From the left navigation panel, click Banking.
Because a deposit appears on your bank statement separately from the withdrawal that occurs when a check bounces, you cannot delete the check from your records. Instead, you must record the deposit and withdrawal as separate transactions. There are three types of transactions that bounced checks may impact:
Most matter-related deposits to your operating account will fall into two categories: invoice payments and operating retainers. For accounting and recordkeeping purposes, you can record when an operating account deposit fails to clear, or bounces, due to insufficient funds (NSF).
You can print trust checks from Matter Details and Banking. You must enter a trust withdrawal before you can print a trust check. Display Payee Address on Checks
