The following budgets are created per matter record:
•Internal Expenses
•Internal Tasks
•Year
•Quarter
•Month
•Vendor
•Phase and Task Codes (Fees & Expenses)
Note: Depending on Budget Settings, set by the TeamConnect Budget Settings and Fiscal Year administrator, some budget types may not display.
Budget Categories
When you create a budget for a matter, the program directs any posted invoice fees and expenses, as well as TeamConnect Legal object fees and expenses, into various budget categories.
Task and Expense categories are created and edited by your TeamConnect administrator. For more information, see Adding Object Categories.
The following table shows the flow of funds from the actual fund source to the standard budget categories.
Post the following |
Posted to the _____ Budget |
|
Invoice Fees |
Phase and Task Code Fees* |
Phase and Task Code Fees Budget |
Invoice Expenses |
Phase and Task Code Expenses |
Phase and Task Code Expenses Budget |
Internal Task Objects |
Internal Tasks |
Internal Fees Budget |
Internal Expense Objects |
Internal Expenses |
Internal Expense Budget |
*TeamConnect Legal Matter Management contains the full suite of UTBMS codes.
