Not 100% sure what you are asking here (might want to give us a bit more background to go on, with an example), but you really wouldn't enter a payment any differently for a contingency vs any other type of fee arrangement. You got paid, enter how much, what date, etc.

I suspect the real issue for you might be:Yeah, but now my A/R is off because there is not CHARGE to pay. You will need to figure out a way to balance the payment against a contingency charge to get to a zero effect on the balance.

Does that sound more like what's going on, or am I way off base?

The situation is there is a client who has been being invoiced regularly and charged for fees and costs on a monthly basis - and they have been paying regularly. The case is now closed and they will receive a final invoice for fees and costs AND they will also provide a contingency payment from the settlement. I could create an expense to offset the contingency fee but then the data will not be correctly reported in terms of what the actual value of the time spent was worth with charges and the contingency fee combined.

I hope that makes sense!

The situation is there is a client who has been being invoiced regularly and charged for fees and costs on a monthly basis - and they have been paying regularly. The case is now closed and they will receive a final invoice for fees and costs AND they will also provide a contingency payment from the settlement. I could create an expense to offset the contingency fee but then the data will not be correctly reported in terms of what the actual value of the time spent was worth with charges and the contingency fee combined.

I hope that makes sense!

JennyLyn,

I'm guessing you don't like my suggestion of using an A/R "Invoice"? It seems to me like the best option, if you don't want to enter it as either a cost (expense) or fee (time). You could put in the Invoice entry, then run a bill and see if that's what you'd want to see. If you don't like it that way, you can just delete the invoice.

Our contingency fees are entered as invoices with a description something like "Contingency fee, per Fee Agreement" and put the entire amount in the Fees - Amount field.

The unfortunate part of doing it this way is that there is no simple way of running a report to show contingency fees as separate from regular invoices. (Then again, I'm using a very old version of Timeslips -- maybe they've added something that works better.)

Best of luck in figuring out a way to do this that works for you!