Transaction Type Sample - Legal Fee Advance Request
The Legal Transaction Type is needed to keep track of legal fees
charged to an account. Any transaction flagged as a Legal
type, with an amount either in the To Us or Direct field, will
affect the balance of the Legal Fees amount displayed on the
Debtor form. An amount in the transaction's Commission
Amount field affects only the commission amount shown on
the statement you generate for your client.
By default, Collect! ships with a number of Legal type
transaction samples for Legal Fee information. These are
generally stored in the 200 series, for conveniences. In the
Financial Type setting, the "Legal" radio button would
be dotted.
Other types of fees may be stored in the 300 series for
convenience. These typically would be treated as
an agency or other fee and would have the "Fee" radio
button dotted in the Financial Type setting.
You can have many different Legal transaction types
for separating the various legal fees you may need to
enter. The Legal Fee Advance Request may be used to
request an advance payment from your client to cover
legal fees, such as court costs. Settings are shown below.
Legal Fee Advance Request - Fees Transaction Type
All Legal transactions are totaled together and the result
is displayed in the Legal Fees field of the Debtor form. Legal
fees are totaled separately from other types of fees and
total legal costs may be found in the Legal field found in the
Financial Detail form, accessed through the Debtor form.
When you create a 205 Legal Fee Advance Request transaction
on a debtor account, the Description from the Transaction Type
form is copied to the transaction being posted.
The 'Enter amount on Posting' radio button is switched
ON to allow you enter the amount you wish to be used
at the time of posting the transaction.
Entering a positive amount in the Commission Amount
field charges this fee to your client.
In this sample, the reporting check boxes tell
Collect! to omit this transaction when generating the
Daily Cash Report. The transaction will be included
in the client's month end statement.
Calculations are checked not to calculate commission
and not to calculate tax on any commission
amount present.
Display is set to leave both the To Us and the Direct
fields visible at all times when viewing the transaction
or Transactions List.
No operator or sales operator ID's have been set to be
used as default values when posting this transaction
type. You may want to set the Operator or Sales values
to HSE or OWN, if you wish to always have operator and
sales operator ID's on every transaction.
No contact plans have been set to be run when posting
this transaction type.
No commission rate has been set to override the
commission rate that may be set on the Debtor form.
All the above settings will be automatically filled in for you
when you post a 205 Legal Fee Advance Request transaction
to an account. You may override any setting when posting
the transaction.
See Also
- Transaction Type
- Transaction Type Basics - Introduction/Accessing
- Transaction Type Samples
- Legal Topics
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