This guide provides a step-by-step process for creating and managing settlement splits within the LawAccounting/CaseQube system. It simplifies the complex task of dividing settlement amounts among various parties or categories, ensuring accuracy and clarity in financial distributions. By following these instructions, users can efficiently handle settlements, making the process smoother and more organized. This resource is essential for legal and accounting professionals looking to streamline their settlement management.
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: Enter the Total Settlement Amount and Click Split
- Click the Pencil Icon
- Fill In Settlement Screen
- Date: The date the settlement was finalized or agreed upon.
- Insurance Provider: The insurance company responsible for paying the settlement.
- Claim Number: The claim or reference number assigned by the insurance provider.
- Amount: The total gross settlement amount before any deductions or distributions.
- Split: An option to check a box to divide the settlement amount into multiple portions (e.g., between parties, coverage types, or payment installments).
- Click Split
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3. Step 3: Fill in the Settlement Split Screen
- Click the plus icon: Add a new settlement split entry.
- Fill in name and amount: Enter the recipient or category name and the amount assigned to that portion.
- Click the plus icon again and fill in other name and amount: Repeat the process to add additional split entries until the full settlement amount is allocated.
- When finished click Save
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4. Step 4: Verify and View
- Verify all information is correct and click Done
- View the Split Settlement
- Click Save
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