Settlements

Use settlements to choose a settlement type, enter a description, complete any relevant optional fields, and save the record.

Creating a New Settlement

1. Click the Settlements button.
2. Select a Settlement Type.
3. Fill in the Description field with a clear summary.
4. Complete any optional fields you need.
5. Click Save.

Settlement Types

Disbursement

Use Disbursement when you need to track a gross settlement amount, distribute payments, deduct fees or costs, and calculate the net amount due.

Attorney Fees Only

Use Attorney Fees Only when the settlement is for attorney fees and you do not need to track client disbursements.

Attorney Fee - Indefinite

Use Attorney Fee - Indefinite when regular attorney-fee payments are expected for an open-ended period.

Attorney Fee - Amortized

Use Attorney Fee - Amortized when regular attorney-fee payments are expected for a fixed period.

Best Practices

• Use a clear, descriptive settlement description.
• Select the settlement type that matches the arrangement.
• Complete optional fields only when they are relevant.
• Review the settlement information before saving.