The minimum trust balance allows you to represent the minimum amount your clients/companies must have deposited in the law firm's trust account during the course of their case.
Overview
Utilizing the Minimum Trust Balance feature will notify you in the home tab when a contact or company's trust balance has fallen below the minimum amount.
Minimum trust balances ensure adequate funds are available for future rendering of services.
Assigning a Minimum Trust Balance
To assign a minimum trust balance to a client, navigate to the contact's page, and follow the steps below:
Select Billing within the Contact Details page.
Select Trust Allocations within the Billing tab.
Click the pencil icon in the minimum trust balance column of the allocation you'd like to adjust.
Enter the minimum trust balance, and click Save.
Alerts of Low Trust Balances
If a client's balance falls below the required deposit amount, an alert will appear on the Home tab, under Important Alerts. Here, you can view all clients with a low trust balance.
With realtime access to this information, you can notify your clients when a trust replenishment is required.