Hello,
Situation:
I am booking some accruals for my company. My company is paying a Law Firm to handle lawsuit settlements. They want to book the charges to insurance Liability vs. Legal Expense.
Is that right? I feel like the actual service is the legal service for the invoice paid to the law firm,. but I can see how this is related to liability on a settlement too.
Thoughts?
Thank you so much in advance.
Situation:
I am booking some accruals for my company. My company is paying a Law Firm to handle lawsuit settlements. They want to book the charges to insurance Liability vs. Legal Expense.
Is that right? I feel like the actual service is the legal service for the invoice paid to the law firm,. but I can see how this is related to liability on a settlement too.
Thoughts?
Thank you so much in advance.
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