Fixed Fee Templates
Allows you to select a pre-configured fee template.
Useful for standardizing fixed fees across multiple matters.
If left blank, you can manually enter details.
Check out this article on how to set up a Fixed Fee Template!
Amount
Specifies the total fee for the matter.
Enter a value based on the agreed-upon fee with the client or what is standard for your firm.
Recurring
Defines how often the fixed fee will be applied.
Options include Bill Once (one-time charge) or recurring schedules.
NOTE: Completion Based Fixed Fees cannot be recurring.
Billing Type: On a Specific Date vs. On Completion
On a Specific Date: Associates the fee with a scheduled billing date.
Requires selecting a specific date in the "Next Date" field.
On Completion: Fee is manually marked as complete before billing.
Ideal for cases where the billing timeline is uncertain.
Check out this article explaining the difference between Completion Based Fixed Fees and Fixed Fees.
Invoice Description
The text entered here will appear on the client’s invoice.
Provides a brief summary of the service associated with the fixed fee.
Label
An internal reference field to categorize or name the fixed fee.
Helps differentiate between multiple fixed fees within a matter.
Hour Limit
Optional field to specify a set number of hours associated with the fixed fee.
If exceeded, additional hours may be billed at the hourly rate specified on an additional field called Limit Rate.
Invoice User
Identifies the team member responsible for the fixed fee on the invoice.
Default selection can be adjusted as needed.
Actions: Creating and Canceling a Fixed Fee
Create Fixed Fee: Saves the fee and applies it to the matter.
Cancel: Discards the changes without saving.
Understanding these fields ensures accurate fee tracking and a streamlined billing process in LeanLaw.