Tips: Using Zoho Books for Law Firms - applying Retainer payments (as trust funds) to Invoice to be paid
Just wanted to share this tip below with others who are using Zoho Books for law firms.
TIP: When applying a retainer payment (trust funds) against an invoice to be paid (paid invoice attached) , create a email trigger with a reminder to transfer bank trust funds into the operating bank account. Later on with bank feeds, transaction is ready to be matched when reconciling bank account.
Here's a sample email notification:
A reminder to transfer client trust funds from Trust account to the Operating account for invoice payment.
Perry Mason
10 Feb 2019
INV-000024
$1,059.38
N.B: Create entry in Trust Bank: MONEY OUT - Add transaction>Transfer to Another Account>Select General Account. Fill in details. Insert appropriate Reference and Description from above detail