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Alder Advisory

  • Clients
  • Compression Labs
  • Read-only example
  • Illustrative figures
Retainer agreed
$5,000
Net received
$2,000
Still owed
$3,000

Retainer

MatterAgreedReceivedRefundedStill owed
Compression Labs financing$5,000$2,000$0$3,000

Matter checklist

ItemState
Engagement letterSigned in this example
RetainerPart received
Matter roomWaiting for the remaining retainer

The amounts here are simulated. No money changes hands.

About this example

All people, companies and figures in this example are fictional.

Next step

Compare the partial receipt and refund examples. A reported transfer is checked before it is recorded as received.