This article may be out of date!
Visit the New Knowledge Center

How to Pay a Bill With Trust/Client Funds

Objective:

  • Apply a Payment to a Bill from Trust Funds
  • Reduce Trust balance
  • Record Payment from Trust
  • Pay Bill from Trust
  • Bill Payment from retainer
  • Transferring funds from retainer account
  • How to Make a Payment from Trust
  • Transfer Trust Funds to the Operating Account for Work Completed and Billed
  • Record a payment from an Escrow account
  • Do the funds get transferred to my real-life bank accounts automatically?

Environment:

  • Clio Manage

Additional Information:

Please note that a Bill must be generated and approved prior to following the steps below.

Also, the option to choose Trust/Client Funds will only appear if funds have been added to those Accounts for the Client/Matter.

Trust/Client fund amounts recorded as payment on bills will automatically move to your Operating account.

Will Recording a Payment From Trust Move the Money in my Real-Life Bank Account?

Procedure:

  1. Open the Bill 
  2. Select Record Payment 
  3. Change the Source to Trust/Client (Matter) or Trust/Client (Client)
  4. Enter the amount you would like to pay in the Payment field 
  5. Select Record Payment Screen_Shot_2022-07-19_at_11.12.27_AM.png

Note: This method allows you to select a custom amount to record a payment from the trust to the bill.

 

OR

  1. Open the Bill 
  2. Click More Actions
  3. Click Apply Trust/ClientScreen_Shot_2022-07-19_at_11.20.12_AM.png
  4. Select the Destination accountScreen_Shot_2022-07-19_at_11.21.25_AM.png
  5. Click Apply Trust/Client

Note: This method will not allow you to select a custom amount, it will try to use as much as possible to record a full payment from the trust to the bill. Depending on your bill and available trust funds you may exhaust the full trust or have something remaining.

Was this article helpful?
This information is confusing or wrong
This isn't the information that I was looking for
I don't like this functionality