Whether paying an expense directly from a client's trust account or returning funds to a Client, your firm will need to disperse the money from the trust account.
This is done by writing a check out of the necessary Trust Account. Navigate to the Create tab, and select Check.
Use the same methods for producing a check in QuickBooks Online, but be mindful to the following:
- Cite who the check is being paid. This would be the vendor when paying an invoice and the client when producing a client dispursement.
- Make sure the appropriate bank account is selected.
- Ensure that you have selected the proper client liability account. Remember, LeanLaw will establish this liability when you first setup the client's trust and make the initial deposit.
- Make sure you write a detailed description of the check. This will be useful later when you produce a report or if you ever need to refer to the payment.