button:The CAC transaction is used to post client payments and Credit Memos for fees and costs. It is also used to apply client credits to Future Costs Funds.
Note: If this transactions does not appear in the list of transactions, please check the Client Cost Settings. This transaction could be disallowed.
Select CAC from the Enter Transaction Code
selection and click the button:
This will open the CAC screen:
Enter the date for your transaction from the Date field. This field will default to today's date.
Choose the
source of the funds that are being used from the Funds
list:
.
Note: Usually the funds are from a Check from Client. But, if you are using client credit from a previous credit memo, select the bank account. (Firm Oper Acct or Trust Account) from which the credit was applied.
See CAC-Credit Memo
If the CAC is reflecting a check from the client, enter the amount of the CAC transaction in the Amount field.
Enter the client's check number in the Ck# field.
Select the bank account you wish to deposit the CAC funds into from the Deposit In field.
If you are using the check writing feature and would like to include this client check on your deposit slip, leave the Include on Deposit Slip Report box checked.
Enter a note regarding this transaction in the Note field.
Click on the 
button.
Apply the CAC funds to the appropriate category: Open Invoices, Future Costs Funds or Credit on Account.
To Apply funds to Open
Invoices: Click
the 
box next to the Invoice(s)
to be paid.
Note: Funds can be used to pay more than one invoice or pay towards the outstanding balance of a large invoice. If paying more than one invoice, select the invoices to be completely paid off first.
Click the 
button to save transaction.
See Line Item Invoices for information posting to Line Item Invoices.
If Credit Funds from the Firm Oper Acct or the Trust Acct are to be used to fund the CAC transaction, the Available credit funds will be reflected in the Available field.
Enter a note regarding this transaction in the Note field.
Click on the button.
Apply the client credit funds to the selected Open Invoices.
To Apply funds to Open
Invoices: Click
the box next to the Invoice(s)
to be paid.
Note: Funds can be used to pay more that one invoice or pay towards the outstanding balance on a large invoice. If paying more than one invoice, select the invoices to be completely paid off first.
Click the button to save transaction.
See Also Enter Client Transaction Codes and CAC Credit Memo