QuickBooks for asbestors or mesothelioma law firms - recording claims and settlement transactions

Mesothelioma is a disease caused by exposure to asbestos. Mesothelioma victims almost always win money damages if they sue, but the cases can be complicated and a mesothelioma or asbestos law firm is usually needed to identify the parties who are liable for the asbestos exposure (asbestos manufacturers, insurance companies, or asbestos victims' trust funds) and begin the lawsuit or settlement process. ( source: www.nolo.com )

QuickBooks for small business can also be used for mesothelioma law firms. the software is designed to makes it easy for law firm to record and report each income that comes from legal charges (mesothelioma ) and also customize invoice for clients' reimbursement and access financial information on a real time basis.

It has also made it simple for this kind of law firms to record and manage more complex transactions specific to claims from mesothelioma, such as tracking monies held in retainers, legal services rendered, which are often based on varying hourly rates. In QuickBooks you can record the hours worked via time sheet and then pass the time through to client invoices.

To record income from claims, click cash receipts on the QuickBooks menu

Use the sales receipt window to record income from claims or legal charges

Enter the transaction details as shown.

You will notice that in the item field, mesothelioma suits is selected with brief description of the transaction and amount received as legal claims.

Click Save and close.

You can refer to post on QuickBooks Pro, Simple and Premier for guide on recording other transactions for mesothelioma law firm


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