Trust, IOLTA & Retainers

An overview and how-to guides of setting up and managing your trust account using LeanLaw and Quickbooks Online.

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14 articles in this collection
Written by Fred Willerup, Chase Sullivan, Jonathon Fishman and 2 others

Is LeanLaw compliant with Canadian trust accounting standards?

LeanLaw's process for maintaining general compliance standards

Written by Tracie Todd
Updated over a week ago

Trust Accounting in LeanLaw: Compilation Article

Your one-stop shop to trust accounting in LeanLaw

Written by Chase Sullivan
Updated over a week ago

Recording trust deposits in LeanLaw

How to deposit funds to the trust account

Written by Chase Sullivan
Updated over a week ago

Client/Matter-Based Accounting in QuickBooks Online

How both types of accounting will impact your QuickBooks

Written by Chase Sullivan
Updated over a week ago

Quickbooks Online

How To: Move Trust Funds Between Clients/Matters

Migrating trust funds from one Client or Matter to another

Written by Chase Sullivan
Updated over a week ago

How To: Return Trust Balance to Client

When a case comes to an end, and you need to release your client's trust funds back to them

Written by Chase Sullivan
Updated over a week ago

How does your trust accounting work with QuickBooks/Online?

What does LeanLaw do in terms of the QuickBooks Online chart of accounts and the specific transactions?

Written by Fred Willerup
Updated over a week ago

Why use undeposited funds for deposits in QuickBooks Online?

LeanLaw introduced the option to deposit trust paid invoice payments & deposits into undeposited funds.

Written by Jonathon Fishman
Updated over a week ago

Using QuickBooks to Create a Physical Check

Written by Chase Sullivan
Updated over a week ago

Retainers

Change retainer/trust deposits to from bank deposits to undeposited funds in QuickBooks Online.

Accounts prefer that all deposits are delivered to QuickBooks using the undeposited funds instrument. Here's how.

Written by Jonathon Fishman
Updated over a week ago

Trust Statements on Invoices

How to attach trust statements to invoices

Written by Fred Willerup
Updated over a week ago

Trust

How To: Request Trust Funds from a Client

The Gravity Legal - LeanLaw Integration allows firms to accept trust deposits by credit/debit card and bank transfer directly to LeanLaw.

Written by Chase Sullivan
Updated over a week ago

How To Set Up Trust Accounting in LeanLaw [FAQ]

In LeanLaw, trust accounting is built into the legal invoicing workflow.

Written by Dave Churchill
Updated over a week ago

Adding an opening trust balance to your Client or Matter

How to set an opening balance for Clients or Matters that already have trust funds accounted for in QuickBooks Online

Written by Chase Sullivan
Updated over a week ago