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Key Takeaways: Set up complete vendor profiles in Bill.com including tax IDs, payment terms, and contact details. Categorize vendors (court fees, experts, clients) to simplify tracking. Use attachments and notes for compliance documentation. Integrate Bill.com with QuickBooks or Xero for consistency. Regularly audit vendor data for accuracy and fraud prevention. Managing payments in a law firm involves juggling multiple vendors-from court fee offices to expert witnesses and

In IOLTA accounting , a disbursement refers to the purpose of a payment, funds paid on behalf of a client, while a check is simply the instrument used to make that payment. Understanding this distinction helps law firms maintain compliant, transparent, and audit-ready trust account records. Why the Distinction Matters At first glance, a check may seem like a simple payment method and a disbursement just an expense. In IOLTA accounting , however, these terms have specific mean