Fees & Time
What fee structure is also known as "billable time"
Time Value
Records that maintain all of the accounting details pertaining to a client file
Docket
A paper record kept at front of physical file
Lawyers docket sheet
PCLaw
Amicus
What fee structure is regulated by a government authority?
Tariff Fee
The three main components of a docket are: time charges, disbursements and receipts
true
Name a document which you may have to request for a clients file
Medical Report
SNB Reports
CRA
etc
What is the HST amount in New Brunswick
15%
Can photocopies and flat fees be lumped in with a set rate? Yes or no
YES!!!!!!!!!!!!!
What is a disbursement?
any expense paid on behalf of a client
What is important to ensure when closing a docket?
See student response
Is a divorce certificate tax exempt? Yes or no
YESSSSSSSSSSSSSSSSSS
Give an example of a service which would charge a "flat fee"
See student answer
Rsearch
Will & POA
Legal Advice
List 3 examples of disbursements
See student answer
Photocopies
Faxing
Long distance phone calls
Regular billing prior to the conclusion of a matter is referred to as what type of client account?
Interim Account
When you submit a petty cash form, you are initially doing what?
Submitting a voucher to accounting for reimbursement
Small expenses at a firm may be paid with what?
Petty cash
All monies received from or on behalf of the client must be recorded and applied to the client account. Which of form would you use to complete this?
Cash receipt
All funds going in or out of the account that are solely owned by the firm is known as the...
Firm Account
All law firms have two separate and distinct bank accounts. What are they?
Firm Account
Trust Account