Doc Summary
Overview
This guide explains how to create and manage balance adjustments within CMPOnline. Balance adjustments allow users to manually correct or update case file financial records. Available Transaction Codes populate based on the selected Transaction Type, both of which are fully customizable to align with your firm’s specific business needs.
How to Enter a Balance Adjustment
- Navigate to Case File > Financial > Transactions or Case File > Financial > Balance (if enabled).
- Click the Balance Adjustment button at the bottom right of the transaction grid or bottom left of the balance screen (if enabled).
- 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.
Note: Entering a positive number will decrease the balance, while entering a negative number will increase the balance. - 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.
Note: this dropdown will only show if there are multiple judgments on a file.
- 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)
Located in the top-right corner of the balance adjustment window, the Interest Calc link allows you to calculate accrued interest on a specific amount between two dates at a designated rate.
To apply the calculated interest to your balance adjustment entry, simply click directly on the generated interest amount.
Note: This calculation assumes the full balance remains constant and that no other transaction activity occurs between the specified start and end dates.
