Whether paying an expense directly from a client's trust account or releasing settlement funds to a Client, your firm will likely need to write non-invoice transactions.
Note: This currently has to be done in QuickBooks Online. Make sure that you have access to the firm's account before continuing.
Step 1: Start by creating a Check in QBO
ProTip: If you're paying reimbursable expenses directly from the trust, don't! Save yourself time and enter them in LeanLaw; that way when the invoice is out through trust, your expense is automatically included in that 👍
Step 2: Fill out the check as instructed below
Cite who the check is being paid to. This would be the vendor when paying an expense, or the Client when releasing settlement funds.
Set the IOLTA/Trust bank account. If your firm has multiple trust accounts make sure to select the correct one.
Select the liability account for the Category. Remember, if your Client is set up for Matter-accounting you'll need to select the specific Matter's sub-account.
Set the Description and Amount.
That's it, you're set! 🎉
Remember that these steps are the same any time you want to remove funds from Trust. Whether a disbursement, lien, or payment to a 3rd party!