Record Non-Fee Income

Easily record external income arising from activities such as mediation and speaking events. Please be aware that these instructions specifically address income associated with your legal firm and do not cover income from business entities other than your legal firm. If you have another business entity that necessitates a distinct General Ledger or set of books, we suggest reaching out to our support team for additional clarification.

Record Non-Fee Income

To record non-fee income:

1. From the left navigation panel, click Banking
2. While viewing the Bank screen, then double-click on the Operating bank account. Scroll down to review the corresponding transactions.
3. Click on the +Add and select Add Deposit.
4. Begin entering the deposit details. The date will automatically default to today’s date. Click on it to make changes if necessary.
5. Enter the Amount.
6. Enter the Payee recipient of the payment, and if applicable, tick Remember Payee.
7. The default Type will be set to Deposit and select the Method.
8. In the Ref #, enter if applicable.
9. If applicable, enter information in the Memo field; this will be printed on the check.
10. In the Memo2 field, input relevant information for internal purposes.
11. Scroll down to the Accounts Section.
12. From the Account field’s drop-down enter and select 4150: Other Business Income (Income).
    • This designated non-fee income account groups the income “above the line” on your Profit and Loss and includes it in the firm’s income or loss calculation.
13. The Amount will default to the amount entered above.
14. Enter the Amount Description. 
    
15. In the top right corner, click Save.