Settlements in MerusCase allow firms to track and manage pertinent financial information such as the gross amount of the settlement, the medical and legal fees, as well as the dates settled, received, distributed, and more.
The settlements section can be found within the submenu of the Case Ledger tab (displayed as a dollar sign) within a case.
Note: If a case settlement is linked to an invoice or bill, the settlement or the case to which it is attached, cannot be deleted.
Adding a New Settlement
1. Inside a case, click the Ledger $ tab. Select Settlements.
2. Select the Add Settlement button. Here, you can enter the total amount of the settlement. At the bottom of the page you can enter dates, such as the date settled, date received, date approved, date distributed, etc.
Note: The fields for Legal Fee (Amount) and Legal Fee (%) will update and match when an amount or percentage is entered. For instance, if the amount is entered for $500.00 on a settlement with a gross amount of $3,000.00, the percentage field will automatically be calculated to 16.67% and vice versa.
This also means that if the gross amount needs to be edited after the amount has been entered, the legal fee amount and percentage will also update accordingly.
You can refer to the information you entered in the Damages section, to determine the amount for the Medical Cost field.
Fill in all information that pertains to the settlement and click Save. A settlement can be created without every field being filled out, and entered as a placeholder to be edited later.
Once saved, the settlement will appear on the page along with an edit button and delete button in the top right corner.
Editing a Settlement
In the Ledger $ tab > Settlements section of a case, click Edit in the upper right part of the settlement. Once in edit mode, make any necessary changes and click Save.
Deleting a Settlement
In the Ledger $ tab > Settlements section of a case, click Delete in the upper right part of the page. On click, the system will prompt the user to confirm the deletion of this settlement via a pop-up dialogue box. To confirm, click Yes, I know what I’m doing. To cancel and not delete the settlement, click No, never mind.