TurboLaw Time and Billing Version 3 is coming soon, and one of the changes we’re sure everyone will appreciate is the separation of retainers from payments.

Previously, “retainers” could be entered simply as “payments received in advance,” but there was nothing else to distinguish them from ordinary payments. Because of this, it was impossible to calculate and display an accurate “retainer balance” or “retainer amount remaining.”

retainer remaining With Version 3 however, we’ve added the ability to set up separate accounts – including specific retainer accounts – which will allow the program to calculate and display accurate retainer balances. We’ve even added a new field for bill templates specifically for this value (and updated our built-in templates to use it).

Now you can easily have bills that show a retainer balance, without needing to resort to printing a statement or other more complicated methods.

We’re very excited to bring you this and many other new features and improvements in TurboLaw Time and Billing Version 3! Stay tuned to our blog, Facebook, or Twitter for more details on what’s coming in this new version.

[note class=”info”]TurboLaw Time and Billing Version 3 is expected to be released early in the Spring of 2014 – if you’re a current subscriber, you’ll receive the new version automatically![/note]