Doc Summary
Overview
This guide explains how to create and manage balance adjustments within CMPOnline. Balance adjustments allow users to manually correct or update financial records for a case file. Each Transaction Type offers a different list of Transaction Codes, which are customizable based on your firm’s needs.
How to Enter a Balance Adjustment
Navigate to Case File > Financial > Transactions.
- Click the Balance Adjustment button.
- Fill in the appropriate fields:
- Adjustment Date: The date the adjustment is being recorded.
- Effective Date: The date the financial change should take effect for accounting purposes.
- Adjustment Code: Select the appropriate transaction code for this balance adjustment.
- Amount: Enter the numerical value of the adjustment.
- Memo (Optional): Add any internal notes or explanations regarding the adjustment.
- Opponent (Optional): Link the adjustment to a specific opponent if applicable.
- Judgment Code: If the adjustment relates to a specific legal judgment, select the corresponding code here.
- If you have more than one adjustment to record, click the green plus (+) button to add another line to the popup.
- Once all information is entered, click Save to post the adjustment(s) to the case file.
Interest Calc (Optional)
Optionally, there is a small “Interest Calc” link in the top right corner of the balance adjustment window used to calculate interest accrued on the amount entered, between two dates, at the rate specified. It assumes that there are no transactions that affect the balance between the dates provided, and that the entire amount can have interest accrued on it.
