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How To Set Up And Deposit Client Retainers [FAQ]
How To Set Up And Deposit Client Retainers [FAQ]

How to set up and deposit lump sum payments.

Jay Sanchez avatar
Written by Jay Sanchez
Updated over a week ago

When you have set up your client retainer to ensure your services, you will then want to deposit that lump sum to begin providing the client with your services. LeanLaw offers two different ways to set up trust accounts. Easily make retainer deposits in LeanLaw with client trust set up.

Note: Please make sure you have a Trust accounting setup within LeanLaw firm settings. Here is a video to assist with that task: How to: Set up trust accounting

Setting Up Trust Before You Have a Client Payment:

1. Select the Matter

Go to the Matters page. From the Matter tab, select the Matter:

2. Go to the QuickBooks tab:

Once you click on the Client/Matter, click on the QuickBooks tab:

3. Set up Trust Accounting

Click the Setup Trust Accounting button:

4. Select the Accounts to Connect:

Pick the existing accounts under the Client and the Matter:

Click the green Save Changes button.

6. Use Deposit Funds

Select the Deposit Funds function to process a retainer payment. You will need to choose the Amount, the Date, fill in the From the note, and the Use note:

7. Click Record Deposit

Click Record Deposit to record the deposit.

Setting Up Trust And Depositing A Retainer In One Action

1. Select Billing

Select the Billing tab, then the Trust Account tab:

2. Click Deposit Funds

Use the Deposit Funds function:

3. Record the Deposit

After you record the details for the deposit, click Record Deposit:

This will allow you to both deposit monies and set up the trust liability accounts in one action.

Once the trust accounts are set up for the client, you can navigate to Billing Tab and Select Trust, and use the Deposit Funds function to process a retainer payment. In this tool, you will be asked to identify the client and matter.

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