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The following standard billing format codes are included with each installation of Abacus Accounting:
C - Contingency – Settlement Statement Format: Used for contingency matters (Billing Mode is set to Contingency on the Matter Maintenance window). Shows no time entries. Lists the settlement from court and calculates attorney fees based on percentage and then lists in-house costs and then out-of house or letters of protection costs and then the dollar amount the client is to receive. NOTE: For New Jersey firms, contingency fee percentages are calculated before deducting letters of protection.
FFS – Scheduled Flat Fee: Used for scheduled flat fee billing.
GEN – General: Used for flat fee or hourly billing.
H – Hourly Format: Used when charging hourly fees. Shows the dollar amount per time ticket.
NJ – New Jersey Contingency: When you use this format, Abacus Accounting deducts costs before allocating a judgment split.
SB – Split Billing: Used with split billing.
TBB – Task-Based Billing: Used with task-based billing and LEDES 1998B billing.