Overview of Billing and Payments Process

Generating invoices in TimeSolv is an easy and efficient process. This overview explains the process of generating, editing and sending bills to your clients. Creating an Invoice Generating an invoice requires the selection of just a few criteria. Simply choose the client and date range, and TimeSolv automatically creates a Read more

Payments

In the Payments tab, one can define payments, external trust entries and bank accounts. Note 1: External trust entries should only be done if you are handling a trust account OUTSIDE of TimeSolv. Note 2: Payments can be made by two methods, either through application or online. Note 3: Online payments Read more

Payment Settings

To access the payment settings: Select Settings under the Payments tab.   Turn on Trust Accounts here by checking Enable Trust Accounting? Note: This is only available depending on what type of TimeSolv account package you have. TimeSolv Pro users will not be able to use Trust Accounting.   Click Read more

Enable payments in the portal

To receive online payments from your customers, you need to setup one or more “Payment Profiles” in TimeSolv. These payment profiles allow you to connect to LawPay/AffiniPay and specify to which bank accounts the payments will be deposited. Note that LawPay and AffiniPay are just two branded versions of the Read more

Allocating a Payment

To allocate a payment:   Select Payments under the Payments tab.   Specify the date of the write off in the Date field.   Select the client/matter (customer/project) from the Client – Matter field.   Select Write Off option from the Credit Type drop down.   Select the appropriate Payment Method (typically Internal).     Read more

Paying Other Parties and Refunds from Trust Account

To pay a third party from a Trust Account whose charges are not represented on an invoice or if the balance has to be refunded to the client click on Trust under Payments tab and create a disbursement entry against the desired trust or retainer entry: Select Trust under Payments Read more

Refunds to Clients

For most law firms, the client balance should be in the Trust Account. To refund from the trust account, click here. The following are three different situations related to issuing credits back to the client if the funds are currently located within an operating account i.e. the Payments tab:   1. The Read more

Write Off a Sent Invoice/Bill (partial or full)

To Write Off a Sent Invoice (partial or full): Select Payments under the Payments tab.   Specify the date of the write off in the Date field.   Select the client/matter (customer/project) from the Client – Matter field.   Select Write Off option from the Credit Type drop down.   Select the appropriate Payment Read more

How to Receive Payments From LawPay Into Your Trust Account

  How to Receive Payments From LawPay Into Your Trust Account:   Click on Settings under the Clients tab.   At the bottom of the General tab, under the Client Portal section, you can select what bank account you want to receive all portal payments in.   Click Save.   Read more