How do I enter the client's retainer and then generate an invoice/bill that shows the work that was done and how much of the client's retainer is remaining?

Question

So my attorney charges her clients a retainer fee based on the type of case she is handling (so each client can have a completely difference retainer amount), and on top of that, she is billing AGAINST the retainer. We were generating bills in Word format that showed what my attorney was billing for and how much of the client's retainer remained after each month of work on the matter. My question is: Is this possible as well in TimeSlips? I don't want to generate a bill and have our clients thinking that they owe this money, but I do want to generate a bill that shows the client their current retainer balance. 
 And for reference, we have the new TimeSlips Pro that we just had installed on our system this month. 
 Thanks in advance for any help!

Nancy Duhon · Answer

Hi Courtney Himes , welcome to Timeslips and Sage City. 
 Wow, moving from Word invoice to Timeslips with retainers is a BIG step! 
 The short answer is YES, we can absolutely show that on a Timeslips bill. 
 The "how to do that" is a bit more complicated though, and depends on some choices you get to make about how you want to do it. As you will soon learn, Timeslips can be VERY flexible about how it does something. 
 You won't find anything in Timeslips specifically called a Retainer (mainly because different firms call it different things). We call it Client FUNDS. You add the Funds in when they pay the retainer. Then you can either manually pull funds out to pay your bill or have Timeslips automagically do it for you. You also need to make sure and tell Timeslips to SHOW that activity to your client on the bill. 
 I have a little PDF handout that might be helpful for you as you begin your journey. You can find it here: https://www.duhon.biz/downloads/ 
 Nancy Duhon, Esq. Duhon Technology Solutions, LLC Master Certified Consultant for Sage Timeslips Providing individual Consultations and Third Party Remote Desktop Support - including older/unsupported versions. 404-325-9779 duhon@duhon.biz

Sage Timeslips

How do I enter the client's retainer and then generate an invoice/bill that shows the work that was done and how much of the client's retainer is remaining?

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