Fee Note Settlement is done after a fee note has been approved and the corresponding payment has been received from the client. Settling the fee note records the payment against the outstanding balance.

Once the settlement is completed, the client's invoice will reflect the updated balance. If the fee note has been fully paid, the outstanding balance will be reduced to zero.

Steps:

  1. Log in to the system.
  2. From the main dashboard, go to the Client Invoicing module.
  3. Under the Fee Notes, Credit Notes section, click on Fee Notes/DRN/Interim Fee Notes.
  4. Scroll down and locate the specific fee note you wish to settle.
  5. Click the Action button next to the relevant fee note.
  6. Select Fee Settlement from the available options.
  7. A settlement form will appear. Complete the required details, including:
    • Account Type – Select the appropriate account type for the payment.
    • Currency – Select the currency in which the payment was received.
    • Description – Enter a brief description of the item or service being paid for.
    • Relevant Checkboxes – Select the appropriate checkboxes based on the payment or settlement details.
  1. Review the information entered to ensure that the details are accurate.
  2. Click Submit to save and complete the fee note settlement.

The payment will then be applied to the fee note, and the outstanding balance will be updated accordingly.