2010 Practice Management Annual Conference Troubleshooting Tips: Modifying & Correcting Accounting Entries in PCLaw ® Presented by: Nancy Griffing & Donna Brown

2010 Practice Management Annual Conference Proud Members of the Consulting Group, LLC Serving our National and International Clients Phone: Founders Consulting Group, LLC

2010 Practice Management Annual Conference Objectives Best Practices: Resolve General Ledger Reconciliation Issues Identify & Correct - G/L Adjustments G/L Account Types Troubleshoot G/L reconciliation mismatches

2010 Practice Management Annual Conference Getting Started with PCLaw GL Accounting –System Settings –Entering Beginning Cash Balances –Entering Opening Trial Balance Using Explanation Codes for GL Allocation –A Codes for Task Based Billing –E Codes for Client Costs –F Codes for Firm Costs Best Practices: Resolve GL Reconciliation Issues

2010 Practice Management Annual Conference Best Practices: Resolve GL Reconciliation Issues

2010 Practice Management Annual Conference Best Practices: Resolve GL Reconciliation Issues

2010 Practice Management Annual Conference Best Practices: Resolve GL Reconciliation Issues

2010 Practice Management Annual Conference Best Practices: Resolve GL Reconciliation Issues

2010 Practice Management Annual Conference Best Practices: Resolve GL Reconciliation Issues

2010 Practice Management Annual Conference Best Practices: Resolve GL Reconciliation Issues

2010 Practice Management Annual Conference Best Practices: Resolve GL Reconciliation Issues

2010 Practice Management Annual Conference Best Practices: Resolve GL Reconciliation Issues

2010 Practice Management Annual Conference Best Practices: Beginning Cash Balances

2010 Practice Management Annual Conference Best Practices: Beginning Cash Balances

2010 Practice Management Annual Conference Best Practices: Entering Opening Trial Balance

2010 Practice Management Annual Conference Best Practices: Entering Opening Trial Balance

2010 Practice Management Annual Conference Best Practices: Using Explanation Codes for GL Allocation

2010 Practice Management Annual Conference Best Practices: Using Explanation Codes for GL Allocation

2010 Practice Management Annual Conference Identify and Correct: G/L Adjustments Triple Check Cash Account Balances Adjusting Subledgers (Subsidiary Ledger) to General Ledger Balances

2010 Practice Management Annual Conference Accounting 101 – Debits and Credits DebitsCredits Assets Liabilities Income Capital Expenses

2010 Practice Management Annual Conference Identify and Correct: G/L Adjustments Triple Check Cash Account Balances

2010 Practice Management Annual Conference Adjusting Subledgers (Subsidiary Ledger) to General Ledger Balances Identify and Correct: G/L Adjustments

2010 Practice Management Annual Conference Adjusting Subledgers (Subsidiary Ledger) to General Ledger Balances Identify and Correct: G/L Adjustments

2010 Practice Management Annual Conference Adjusting Subledgers (Subsidiary Ledger) to General Ledger Balances Identify and Correct: G/L Adjustments Accrual Hard Costs DebitCredit 5210 Client Hard Cost Recovery learingCash PCLaw 1210 Client Hard Cost5210 Client Hard Cost Recovery Billing 1200 Accounts Receivable1210 Client Hard Cost Client Pays Cash 1200 Accounts Receivable If the item is paid, the 1210 account is cleared out. Any items remaining in the 1210 account are unpaid Hard Costs

2010 Practice Management Annual Conference Adjusting Subledgers (Subsidiary Ledger) to General Ledger Balances Modified Cash Hard Costs DebitCredit 5210 Client Hard Expens Recovery Clearing Cash PCLaw 1210 Client Hard Cost5210 Client Hard Cost Recovery Client Pays Cash 1210 Client Hard Cost If the item is paid, the 1210 account is cleared out. Any items remaining in the 1210 account are unpaid Hard Costs Identify and Correct: G/L Adjustments

2010 Practice Management Annual Conference Identify and Correct: G/L Adjustments Cash Hard Costs DebitCredit 5210 Client Hard Cost Recovery ClearingCash PCLaw 5010 Client Hard Cost5210 Client Hard Cost Recovery Billing - No Effect Client Pays Cash 5010 Client Hard Cost If the item is paid, the 5010 account is cleared out. Any items remaining in the 5010 account are unpaid Hard Costs

2010 Practice Management Annual Conference Identify and Correct: Bank Reconciliation

2010 Practice Management Annual Conference Identify and Correct: G/L Adjustments

2010 Practice Management Annual Conference Identify and Correct: G/L Adjustments

2010 Practice Management Annual Conference G/L Account Types Internal PCLaw Accounts Changing Account Types

2010 Practice Management Annual Conference G/L Account Types Internal PCLaw Accounts

2010 Practice Management Annual Conference G/L Account Types Changing Account Types

2010 Practice Management Annual Conference Troubleshoot G/L Reconciliation Mismatches Printing Financial Statements

2010 Practice Management Annual Conference Troubleshoot G/L Reconciliation Mismatches Closing Month/Year

2010 Practice Management Annual Conference Troubleshoot G/L Reconciliation Mismatches Verify Fees

2010 Practice Management Annual Conference Best Practices: Resolve General Ledger Reconciliation Issues –System Settings –Input Opening Balances Cash Accounts & GL –Using Explanation Codes for GL Allocation Identify incorrect G/L Adjustments –Accounting 101 (Pregnant Alice) –Triple Check Cash Account Balances –Adjusting Subledgers to General Ledger Balances –Bank Reconciliation –Adjusting Journal Entries G/L Account Types –Internal PCLaw Accounts –Account Types Troubleshoot G/L reconciliation mismatches –Using PCLaw Reports Effectively – Printing Financial Statements –Closing Month/Year Summary

2010 Practice Management Annual Conference Additional Training Opportunities For additional training opportunities, visit LexisNexis® University, where you may learn more about eLearning, eConsulting, Classroom, Anytime, and Just in Time Training class offerings. Also available are an extensive network of LexisNexis® Certified Independent Consultants (CICs) who offer on-site training, installation, and maintenance of Practice Management software systems.

2010 Practice Management Annual Conference Thank You! Nancy Griffing & Donna Brown Proud Members of the Consulting Group, LLC. Phone: Founders Consulting Group, LLC

2010 Practice Management Annual Conference