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Post G/L Fees by Attorney
L.A.W.S./Pro now provides the ability to post
attorney fees to the general ledger by specific attorneys. Prior to this modification all fees
generated from all attorneys were posted to the common General Ledger Revenue Account assigned
within Firm Setup. Individual performance by attorney was tracked throughout the system on
various management reports, but not in the general ledger.
After this modification, the firm has the option of establishing individual General Ledger
Revenue Accounts per attorney and accumulating fees per attorney within the General Ledger. Combined with
the establishment of expense General Ledger accounts per attorney, it allows the ability of
generating profit and loss statements by individual attorneys.
Utilize the Post G/L Fees by Attorney as Follows:
Establish specific revenue accounts per attorney: Within General Ledger Setup
(Accounting - General Ledger - Setup Menu Bars), add new revenue accounts per attorney. The
G/L Account and G/L Sub Account MUST be the same as the existing fee revenue account
referenced in Firm Setup. Distinguish the individual attorney accounts through use of the
attorney code.
Firm Preferences: The firm must specify that it desires the accumulation of fees by attorney within
the general ledger. Do so by specifying within Firm Preferences (Setup - Firm - Firm Preferences Menu Bars)
the "Attorney Type for G/L Fees" posting option:
None: (Default) Fees will not be stored by attorney within the general ledger.
Contributing Attorney: Fees will be stored in the general ledger based on the contributing attorney
performance - the actual hours performed by the specific attorney multiplied by the assigned rate.
Billing Attorney: Fees will be stored in the general ledger based on the billing attorney
performance - the total hours worked per matter multiplied by the assigned rates. The
performance of all individuals working on the matter will be allocated to the billing attorney
assigned to the matter within matter setup.
Actual Operation: When fees are posted to the general ledger through the accounts receivable "Process Cash" function,
L.A.W.S./Pro evaluates whether or not, and the method,
to post fees by attorney within the general ledger. If specified, it checks to see if a revenue
account has been established for the attorney by appending the attorney code to the firms existing fee revenue account number.
The created account is used if it exists. Otherwise, the non-modified firm account number is utilized.
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