Maximum amount of 99,999,999.99. Enter an amount in this field if you want the difference between the Target Balance and the Fund Balance to be billed to the client when a Tabs3 statement is run if the Fund Balance is less than the Minimum Balance. The amount entered in this field represents the balance you want maintained in the trust account.

Note: This field is not used if the value is $0.00.

Note: This field is changed to the Amount to Bill field if the client is configured as a One Time Retainer client.

For example, let's say the Target Balance is $800, the Minimum Balance is $300 and the Fund Balance is $200. When a statement is run in Tabs3, Tabs3 will compare the actual Fund Balance of $200 to the Minimum Balance of $300. Since the Fund Balance is less than the Minimum Balance, the Client Funds need to be replenished. Tabs3 will calculate the difference between the Target Balance and the Fund Balance (i.e., $800 - $200) and will print the line "Please Remit $600.00" at the end of the Client Funds section of the statement. (Note: This message will not be printed if the Fund Balance is greater than or equal to the Minimum Balance or if the difference between the Target Balance and Fund Balance is less than or equal to 0.)

The default "Please Remit" terminology is defined on Line 63 of the Terminology tab in Statement Customization.

A popup calculator is available when editing this field. The "<" and ">" keys can be used to increase or decrease the amount by one dollar at a time.

See also:   Client Funds Overview