Rocket Matter Knowledge Base BillingHow to add an adjustment to a Matter Ledger

How to add an adjustment to a Matter Ledger

Adjustments not intended as payments.  Rather, adjustments are intended as true account adjustments, such as in the case of a late fee (debit adjustment) or complimentary discount (credit adjustment).  Adjustments can also be used to indicate that a balance was carried over from another software program during a data import.  

1.  Navigate to the Matter.

1.  Navigate to the Matter.

2.  Click on 'Matter Ledger Balance' amount.

2.  Click on 'Matter Ledger Balance' amount.

3.  Click "+ add an adjustment".

3.  Click "+ add an adjustment".

4.  Select either "Debit - Adjustment" or "Credit - Adjustment" from the drop-down menu.

4.  Select either "Debit - Adjustment" or "Credit - Adjustment" from the drop-down menu.

"Debit Adjustments" add debt to the account, as in the case of a late fee or a penalty charge.

"Credit Adjustments" add a credit to the account, as in the case of a complimentary discount, or the transfer of a previous balance to the ledger.

5.  Enter the date, amount, and description of the adjustment.  

5.  Enter the date, amount, and description of the adjustment.  

6.  Click "Add" to apply adjustment.

6.  Click "Add" to apply adjustment.

7.   If you have unpaid invoices, determine whether you would like the adjustment applied towards the balance due.

7.   If you have unpaid invoices, determine whether you would like the adjustment applied towards the balance due.

8.  View adjustment in the Matter Ledger.