A special retainer, or security retainer, is an advance payment for specific legal services. Unlike a general retainer, the fee is deposited into a client trust account and drawn from as the lawyer performs work on the case. Second, the retainer acts as a down payment against which future legal services and costs are billed. It ensures that funds are immediately available for the lawyer to commence work,...
Bookkeeping
Paid time off (PTO) is when your employer pays you to take time away from work. But it can also include other types of compensated leave, such as parental leave, family and medical leave, jury duty or voting leave, and even volunteering days. When a business has unreceived payments, unpaid loans, or lost inventory, it creates an accounting entry known as a write-off to record these losses. One of the key...