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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24 articles in this collection
Written by Fred Willerup, Chase, Jonathon Fishman and 1 other

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

How Quickbooks handles trust payments

What happens in Quickbooks when you create an invoice and pay from trust?

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
Updated over a week ago

How To: Deposit Funds in Trust

Recording deposits into Trust from LeanLaw

Written by Chase
Updated over a week ago

Client/Matter-Based Accounting in QuickBooks Online

How both types of accounting will impact your QuickBooks

Written by Chase
Updated over a week ago

How To: Return Remaining Retainer to Client

Written by Chase
Updated over a week ago

Undeposited Funds for Trust Accounting in LeanLaw: Transaction Records

Written by Chase
Updated over a week ago

What chart of accounts items within Quickbooks Online does LeanLaw interact with?

Managing trust accounts with LeanLaw.

Written by Jonathon Fishman
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
Updated over a week ago

How To: Undo a Trust Payment

Undo invoice, undo payments, bonus: already did bank transfer

Written by Chase
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
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
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

How To: Establish Opening Trust/Retainer Balances when Trust Checking is in place.

You have a trust bank account, you now need to add in the trust liability account using LeanLaw's trust management tools.

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

Deleting Deposited Funds From Trust

Written by Chase
Updated over a week ago

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
Updated over a week ago

How To: Set Up Trust Accounting in LeanLaw

Just a few simple steps to make it super easy to manage trust accounts with LeanLaw

Written by Tracie Todd
Updated over a week ago

How To: Pay an Invoice with Trust

Paying an invoice from LeanLaw via IOLTA accounts in QuickBooks Online

Written by Chase
Updated over a week ago

How does trust account reconciliation work?

Managing trust with Leanlaw and QuickBooks Online.

Written by Jonathon Fishman
Updated over a week ago

How to: Make trust account deposits and payments

Written by Fred Willerup
Updated over a week ago

How To: Setup a Client for Trust Accounting

Written by Chase
Updated over a week ago