How do I Record One Check into Separate Retainer Accounts?

  • Updated
On occasion a client will submit one check that needs to be distributed to a Trust and Operating retainer. The firm would deposit the check in the Trust bank account and then write a check for the amount to be distributed to the Operating bank account.

To record this in CARET Legal: 
  1. Create a new trust retainer for the full amount of the check.

  2. Write a new trust check to yourself (and print it to deposit it in the Operating bank account).

  3. Create a new operating retainer for the Trust check created above.
Important: Notate the splitting of the check to the different bank accounts in the Note fields.

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