Track Transaction Levies Through Accounts Payable

If your firm is located in ON, NL or AB, we recommend using the Transaction Levy feature

If your needs are outside of that scope, you will need to use Accounts Payable (AP) to manage your levies.

While it is fairly simple to use AP to track Transaction Levies, keep the following in mind:

• You must enter the Transaction Levy amount for each AP bill.
• You must use an identical payee for each Transaction Levy AP bill entered. Otherwise, your searches to identify paid and unpaid Transaction Levy fees could miss a bill that has inconsistent payee information.
• You cannot enter or track Transaction Levies for exempt matters.
• You cannot enter historical Transaction Levy data.
• Transaction Levies will not have their own GL Transaction Levy Accounts Payable Account. Instead, they will appear in the 2100 AP GL with all other AP items.

Initial Setup

Add a New Expense Category

1. Go to Setup > List Items > Expense > Main > Add
   1. For Name enter “TL for AP”.
   2. For Description enter “Transaction Levy”.
   3. Set Taxable to Yes if transaction levies are taxable.
   4. Set a Unit Price if the Transaction Levy needs to be the same amount every time.
   5. Click Save when done.

Managing Transaction Levies in AP

Enter a Transaction Levy

To enter Transaction Levies through AP:

1. From the left navigation panel, click Accounting.
2. From the Accounting menu, click Accounts Payable.
3. From the toolbar atop the Accounts Payable screen, click Add.
4. On the Add New Bill screen, from the Bill Date field’s drop-down, click the bill date.
5. In the Amount field, enter the trust admin fee amount.
6. For the Calc check box, take your preferred action:
   • Check Calc Box
     1. In the Total field, enter the total amount.
        The system calculates the GST, HST, QST and PST, as applicable, and auto-populates their fields.
   • Uncheck Calc Box
     1. In the GST, HST, QST and PST fields, as applicable, enter the taxes paid.
        The Total field auto-populates with the bill’s total.

7. In the Ref # field, enter the invoice number or other bill identification you desire.
8. In the Pay To field, enter the Payee’s name.
9. Click More Info to add the Payee’s mailing address, if needed.
10. In the Memo field, enter “TL” along with any details you desire to add. You must include “TL” in the Memo field or you will not be able to create reports for your levies.
11. In the Memo2 field, enter another memo if you desire further detail. This will not display when you print checks.
12. In the Account field, click a Chart of Account for the bill. The system automatically selects this account when you post payment to the bill.
13. Under the Options section, check the boxes to include those options desired.
14. Check the box to Post as a matter expense.
    The section expands.
15. In the Matter field, enter the first few characters of the matter name.
16. From the drop-down list, click the matter.
17. From the Expense field’s drop-down, click the expense.
18. From the Timekeeper field’s drop-down, click the timekeeper.
19. From the Billing Status field’s drop-down, click Billable.
20. In the Description field, enter a description.
21. In the upper right corner, take the appropriate action:
    • Click Save and New to save this bill and add another.
    • Click Save to add this bill and return to the Accounts Payable screen.The system saves your bill and proceeds as applicable.
22. Repeat these steps for each transaction levy that needs to be tracked.

Report on Transaction Levies

1. Go to Accounting > Accounts Payable
2. Use the filter icon.
   1. For Type choose “Bill”.
   2. Use Client/Matter/File# to limit the report to a specific client or matter.
   3. Use Status to limit to report to paid or unpaid levies.
      1. To see the currently owed levies, select “Unpaid/Unused”.
      2. To see the historical levies only, select “Paid/Used”.
      3. To see all levies ever entered or paid, select “All”.
   4. For Memo field search for “TL“.

This will produce a filtered list of AP bills that are transaction levies.

You can then export and/or print these results using the Export function from the grid toolbar.

Pay Levies in Bulk

1. When in the Accounts Payable list, select all transaction levies you wish to pay.
2. Click Pay from the taskbar and complete the transaction fields.

See Record Payment for Accounts Payable for additional steps.