Setting up for retainer
billing
The first thing you need in order to use TimeCache's retainer
billing facilities is a retainer billing
category. This is the category you'll use to record any
retainer payments or arrangements for payment. For example, if your
retainer agreement with a client calls for a $2,000.00 monthly
payment, each month you'll want to create a Daily Log entry that
uses your retainer billing category. In the amount column for that
entry, you'll enter $2,000.00.
The retainer billing category can be named whatever you like, and
you can have more than one retainer billing category so long as
they have unique names. You can change the default "R" that
TimeCache uses to designate a retainer in the Daily Log, Job Sheets
and reports and invoices on the Abbreviations panel of TimeCache
Preferences.
Once you have recorded a retainer amount for a project/matter, you
can start billing against it by applying other Daily Log entries to
the retainer. Use a billing category that has been set to
Apply to retainer by default, or use
any other billing category and set entries to apply to retainer in the Daily Log.
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