I have an acquaintance who is an attorney and he wishes to use QBs Pro to keep track of his books. How does a judgement for a client get recorded so he can track payments? He goes to court, gets a judgement, collects the money, deposits it in an escrow account and he wants to be able to be sure they pay on time and do not get behind in their payments.
The only way I can think of is to create an automatic entry for an invoice each time a payment is due. Credit "Judgment Receivable - Client Name" and debit "Accounts Receivable." This way, you can see an A/R Summary Report which will age the unpaid A/R.
When payment is received, Receive Payments and apply to A/R - not the judgment. This is a bit awkward. I hope someone has a better solution.
He allows judgements to be paid out over time?
Weird.
Law offices have so many unique and specific requirements that a system designed exactly for that profession would be much better.
For example, QB cannot keep track of statute of limitation filings or conflict of interest problems. More lawyers are sued over these two failings than all other possibilities combined. A comprehensive law office system will keep track of these problems - in addition to your original request.
Credit "Judgment Receivable - Client Name" and
I agree, your solution would not be my first choice nor my last. I do give you credit for qualifying your response.
Billing systems are typically different from calendaring systems and different from conflict of interest systems. Law firms need them all.
what would be your first choice?
"Gil Faver"
"Gil Faver"
sure, but not for conflicts, calendaring, etc.
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Of course. The problem is getting these disparate systems to work together. This inherent incompatability is the reason I suggested a comprehensive package that accomodates all the needs of a specific industry, be it law firms, brothels, crack distribution, auto "chop-shops," or the terrorist lifestyle.
One can only assume that they use QB for limited functions for their clients. Hard to belive that a firm that size would acutally keep their own internal records on QB.
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