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Overview of Types of Adjustments and Discounts in LEDES

LEDES1998B, Invoice Adjustments

Discount can be applied at the invoice level, click here for more information

Discount can be applied at the line item level -- LINE_ITEM_ADJUSTMENT_AMOUNT field

  • see LEDES1998B format specifications for more information

LEDES98BiV2, Invoice Adjustments

Discount can be applied at the invoice level, click here for more information about invoice level discounts in general

Discount can be applied at the line item level -- LINE_ITEM_ADJUSTMENT_AMOUNT field

  • see LEDES98BiV2 format specifications for more information

LEDES 2000, Invoice Adjustments: 

Discounts can be applied at the invoice level -- INVOICE@INV_GENERIC_DISCOUNT
<inv_generic_discount>0.1</inv_generic_discount>
(value between 0 and 1 -- 0.1 would be a 10% discount)

  • click here for more information about invoice level discounts in general

Discount can be applied at the matter level -- MATTER@MATTER_PERC_SHAR_FEES or MATTER@MATTER_PERC_SHAR_EXP
<matter_perc_shar_fees>0.6</matter_perc_shar_fees>
(value between 0 and 1 -- 0.6 would be a 60% discount)

Discount can be applied at the line item level -- @FEE or @EXPENSE segment

LEDES XML 2.0 or 2.1, Invoice Adjustments 

Discounts can be at the invoice level -- MATTER@MATTER_PERC_SHAR_FEES or MATTER@MATTER_PERC_SHAR_EXP
<matter_perc_shar_fees>0.6</matter_perc_shar_fees>
(value between 0 and 1 -- 0.6 would be a 60% discount and 1 would be no discount)

  • click here for more information about invoice level discounts in general

Discounts can also be at the line item level -- FEE@ITEM_DISC_CRED_AMOUNT or EXP@ITEM_DISC_CRED_AMOUNT 
<item_disc_cred_amount>-100</item_disc_cred_amount>
(value would be added to the base amount of the Fee or Exp)

Discounts can be at the matter level  -- @MATTER_DISC_CRED segment 

Tax Adjustments

@TAX_MATTER_DISC_CRED -- This segment identifies taxes applied to the adjustment in @MATTER_DISC_CRED and should be recognized by Collaborati.

For more information regarding LEDES98BIv2 with regards to Tax Adjustments, click here 

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