Comments on: Deciphering Timeslips Interest Calculations http://tristardatasystems.com/Timeslips/blog/index.php/2009/11/interest-calculations/ Timely Thinking from Tristar Data Systems Wed, 14 Dec 2011 18:20:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Steve Schaller http://tristardatasystems.com/Timeslips/blog/index.php/2009/11/interest-calculations/comment-page-1/#comment-2646 Steve Schaller Wed, 14 Dec 2011 18:20:22 +0000 http://tristardatasystems.com/Timeslips/blog/?p=35#comment-2646 Timeslips only calculates interest on invoices so in order to calculate interest on those expenses you would need to bill them. If you are billing the client for interest that you have paid it seems like you would know the exact amount and could just enter an additional expense slip for that amount at the end of the case. Timeslips only calculates interest on invoices so in order to calculate interest on those expenses you would need to bill them.

If you are billing the client for interest that you have paid it seems like you would know the exact amount and could just enter an additional expense slip for that amount at the end of the case.

]]> By: Maria http://tristardatasystems.com/Timeslips/blog/index.php/2009/11/interest-calculations/comment-page-1/#comment-2645 Maria Wed, 14 Dec 2011 16:40:18 +0000 http://tristardatasystems.com/Timeslips/blog/?p=35#comment-2645 Is there any way to charge interest on an ongoing basis per slip rather than based on an invoice and printing date? We are a law firm that typically racks up substantial expenses in the months or years that a case is litigated. We don't generate an invoice until a case settles or is resolved at trial. However, we are entitled by our fee contract with clients to pass along the interest that we pay on money borrowed to finance case expenses. Thus, I'd like to be able to charge interest on each expense from the date that expense slip is generated until the time that an invoice is generated upon resolution of a case. Can Timeslips handle this? Is there any way to charge interest on an ongoing basis per slip rather than based on an invoice and printing date? We are a law firm that typically racks up substantial expenses in the months or years that a case is litigated. We don’t generate an invoice until a case settles or is resolved at trial. However, we are entitled by our fee contract with clients to pass along the interest that we pay on money borrowed to finance case expenses. Thus, I’d like to be able to charge interest on each expense from the date that expense slip is generated until the time that an invoice is generated upon resolution of a case. Can Timeslips handle this?

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