When allocating funds from a Trust or an Operating Retainer, the WIP/AR Trust Report in CARET Legal is an extremely comprehensive and useful report.
To access the WIP/AR Trust Report:
- Click the Accounting icon to display the Accounting module, then click the Reports tab, then scroll down to the Trust Reports section and select WIP-AR Trust Report.
- The WIP-AR Trust Report displays allowing you to get a detailed look at each of your Matters from a financial perspective.
- See a summary of Un-billed fees, Expenses, AR, and unused Trust and Operating funds by Matter.
- See a breakdown of Expenses, Time, and if there is a Prebill or Draft Bill on a Matter.
This is a very helpful report to consult before making batch Trust Transfers or sending our Invoices/Statements of Account.