This guide provides a straightforward process for creating a client net settlement, ensuring that users can efficiently manage and allocate settlement amounts. It highlights the automatic assignment of the total settlement to the client, while also offering options for splitting settlements among multiple clients. By following these steps, users can ensure accurate distribution of funds, making it an essential resource for legal professionals handling settlements.
1. Step 1: Access Create A Settlement Screen
- Log In
- Access LawAccounting/CaseQube using your secured credentials.
- Navigate to Matter Tab
- Select the Matter that you are using
- Navigate to Create A Settlement Screen
- Click Create A Settlement
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2. Step 2: Adding Total Settlement Payable to Client
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Total Settlement automatically goes 100% to the client: By default, the full net settlement amount is assigned to the client on the matter. This amount is calculated as the total settlement minus attorney fees and minus all applicable expenses, including medical bills, liens, and other costs.
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Option to add a client: Use this option to split the settlement among multiple clients.
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Click the plus icon: Add an additional client entry.
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Add a client: Enter the client’s name and settlement amount or percentage.
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Ensure percentages equal 100% combined: Adjust the allocations so the total settlement is fully distributed.
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