How to Manage Fixed Fees and Discounts on Invoices
This article explains how to manage fixed fees and discounts on invoices and expense templates, including how completion-based fixed fees appear for billing, how to combine fixed fees on a single invoice, how to create and finalize invoices, and how to record and track discounts.
Fixed fees: completion-based vs non-completion-based
- Completion-based fixed fees must be manually marked as Completed for them to appear on the Ready to Bill page.
- Fixed fees that are not completion-based do not need to be marked complete to appear on Ready to Bill; they can be invoiced normally.
How to invoice fixed fees
- Go to the Ready to Bill page to review items available for billing.
- Create a draft invoice from Ready to Bill.
- If multiple fixed fees should be combined on one invoice, add each fixed fee to the same draft invoice (they can be invoiced together).
- Finalize the draft invoice:
- Select the checkbox next to the draft and choose Submit to QuickBooks, or
- Use the triple-dot menu on the right of the draft and choose Submit to QuickBooks.
- Once finalized, the invoice will appear under Manage Invoices and can be sent to the client.
Managing discounts on invoices and expense templates Options for recording discounts:
- Add a discount as a negative expense line item in the Expenses section of the invoice.
- Apply an invoice-level adjustment (write-off) when finalizing the invoice.
- Use the courtesy discount field on the draft invoice prior to finalizing.
Tracking discounts across invoices
- There is no built-in LeanLaw report that totals discounts over a period of time.
- To get an overview of discounts across invoices:
- Export your list of invoices as a CSV.
- Filter or sum discount amounts manually (for example, in Excel).
- Discount entries can be identified by their labels in the exported data; note that how discounts are recorded (e.g., courtesy discount field vs negative expense line) will affect what appears in the export.
Practical tips
- Verify whether a fixed fee is completion-based by clicking into the Fixed Fee; this determines whether you must mark it Completed before billing.
- Use draft invoices to combine multiple fixed fees into a single client invoice.
- Standardize how your firm applies discounts (negative expense line vs invoice-level adjustment vs courtesy discount) so exported data is consistent and easier to track.