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Tech Tip #141: Deposit Credit Card Payments To Trust Accounts Appropriately

Trust Accounting

When credit card deposits are made into a trust account it is important that none of the fees from the credit card merchant provider are deducted from the trust account. These fees need to be deducted from your firm’s operating accounts, otherwise, your firm will be guilty of ledger card overdraft and could face ethics violations. Find a credit card processing solution that has the unique needs of a law firm in mind, otherwise, you could be setting your firm up for disaster. Watch the full webinar, Simplify Credit Card Processing at Your Law Firm

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CosmoLex is cloud-based law practice management software that integrates trust & business accounting, time tracking, billing, email & document management, and tasks & calendaring, in a single application.
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