LEDES Adjustments
LEDES Adjustments
The LEDES format provides the opportunity for a firm to upload adjustments on fees (“IF”), and/or expenses (“IE”). For more information on the LEDES format, visit https://ledes.org/
Pre-Upload:
To Process a Line-Item Discount/Credit for Fees included in your LEDES file, make sure:
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the EXP/FEE/INV_ADJ_TYPE is IF
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the LINE_ITEM_NUMBER_OF_UNITS is 1
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the LINE_ITEM_ADJUSTMENT_AMOUNT is 0
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the LINE_ITEM_UNIT_COST is the total negative discount/credit adjustment
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the LINE_ITEM_TASK_CODE should be the code you are putting the discount/credit in for
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the LINE_ITEM_EXPENSE_CODE leave blank
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the LINE_ITEM_ACTIVITY_CODE should be corresponding code you are putting the discount/credit in for
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the TIMEKEEPER_ID list the Timekeeper associated with the discount/credit
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the LINE_ITEM_DESCRIPTION put here what the discount/credit is for
To Process a Line-Item Discount/Credit for Expenses included in your LEDES file, make sure:
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the EXP/FEE/INV_ADJ_TYPE is IE
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the LINE_ITEM_NUMBER_OF_UNITS is 1
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the LINE_ITEM_ADJUSTMENT_AMOUNT is 0
-
the LINE_ITEM_UNIT_COST is the total negative discount adjustment
-
the LINE_ITEM_TASK_CODE leave blank
-
the LINE_ITEM_EXPENSE_CODE should be the code you are putting the credit in for
-
the LINE_ITEM_ACTIVITY_CODE leave blank
-
the TIMEKEEPER_ID leave blank
-
the LINE_ITEM_DESCRIPTION put here what the credit is for
Sample LEDES Fee Line-Item Adjustment (“IF”):
Sample LEDES Expense Line-Item Adjustment (“IE”):
Post Upload:
The fees and/or expense adjustment will display in several areas within the Acuity platform:
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Invoice Details tab:
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Invoice Line Items tab:
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Invoice Adjustments Report tab:
