Abacus Legal Costs

Well, there`s a difference between our hard costs and our ancillary costs, and the good old IRS wants to make sure we identify costs appropriately. Hard costs are costs that you incur and that you have physically paid at that time. In other words, if I have an application fee, I will write a cheque at the courthouse for my deposit fee. If I have a process service, I write it to my process server, so I actually pay for it at this point. Ancillary costs are more like overhead, so something like photocopies or faxes, things that the company pays for, but not directly at the time of billing the customer. Of course, photocopies are considered an incidental cost. The firm consists of a core team of six senior cost consultants, five of whom are cost-qualified lawyers and the other is a former lawyer and partner at a law firm in Nottingham. The team has decades of experience handling legal fees, which puts Abacus in a strong position to advise clients on this ever-evolving aspect of advocacy. In 10 minutes, it took care of how we enter customer costs, whether they are soft or hard costs, whether we want to enter them through costs and adjustments, or physically write a check for them or simply enter the check through Abacus, and also how we can enter and actually enter our payments so that all the corresponding parts of Abacus are updated. One thing I didn`t mention is when you book payments that update both your accounts receivable report and your productivity report, so as you can see, publishing on Abacus can do a lot of things at once. All right? Andrew, I think we`ll give it back to you to see if we have any questions. Well, if I print that, if you don`t physically print checks, you can say so, and it will only take care of all the accounting parts of writing a check in Abacus.

All right. You clicked “Publish”, and this just updated my billing activity so that it appears on my client`s invoice. Whether you do it for a fixed cost or a low cost, writing checks or not writing checks, we have two ways to do this, either through costs and adjustments, or by using a check writer, so that this also appears on the customer`s invoice. Excellent. Great deals. We will have access to billing because I will assume and I just want to explain that the costs have been reserved. I think you mentioned that. We`ve included it here, and we`ve clicked on the booking bucket so that the cost goes out of the bucket and moves on to the billing activity. We open it.

We enter the appropriate material number, and if it is an article that you have just published and that still has the status “Not charged”, you can simply mark it and click on the “Delete” button. It lets you know where it was entered. It was entered through customizations or costs and adjustments, and that lets you know that it`s removed from this folder, which is exactly what we want, so it`s a good thing if it`s a depreciation, what will it do with it, and are we sure we want to continue? The answer is yes. And boom. He simply removed it from this case to never be charged because we removed it from the billing details of the case. Good question. The Abacus team has the knowledge and experience to give clients the peace of mind that we can rely on our advice and services in the ever-changing field of legal fees. Well, thank you, Andrew. Hi all. It`s Perri again.

I`m here today to give you a little bit of detail on entering customer costs and another topic, entering customer payments. We start here in the Abacus accounting program. Obviously, our customers have been seized and transferred to the billing side, to the accounting side of our system, so what we`re going to talk about today is how we actually intervene here, and I should say add costs to a customer invoice, you know, costs that you may have advanced for a customer, or perhaps incidental costs that you pass on to your customers. Next, we`ll talk a bit about entering the payments you receive from your customers. Let`s move on and get started. So there are really two ways to do it. Obviously, the first way to go through our costs and customizations, and anyone can use it for any price, but I just want to mention that if you actually use the program to write checks, you will actually use the check recorder to get the cost on your customer`s invoice. In other words, you write the check to advance the cost, and at the same time you display it on their invoice. I`ll start with the simple version, and then we`ll move on to adding a verification of the actual cost itself. Well, before I go too far, I want to give you two scenarios. The first would be for you to use the program`s abacus billing page.

In other words, you use the File menu, the Material menu, the Billing menu, and maybe even the Trust menus.