Q74. How to handle retainer payment when the client pays it as a cash amount?
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When you get a retainer payment from a client as a cash payment, you have 48hrs to deposit into your trust account. This Video will demonstrate how to do it in uLaw. Notice that in uLaw you will just indicate that it as a cash payment and uLaw will automatically take care of putting the right journal and ledger entries. So let us watch this video to understand the business process.