eExpenses Electronic Disbursements

With the SRA updating rules regarding traditional disbursements, LFS have created an eExpense module that converts a traditional disbursement (such as a Search Fee) to an invoice with Net and VAT.

Most matter-based disbursements were always posted as a client or office account payment but since November 2018 many disbursements to 3rd parties are now having to be treated as an expense.  That requires the business to create an invoice to the client and for the disbursement to be converted to an invoice showing Net and VAT.   To comply with this SAR regulation, LFS have designed an eExpense routine that performs a conversion of disbursement to bill, creates an invoice and posts the bill data to accounts for them to accept and process.  To find out more information please contact us at the above email address.