The Clio Cloud Conference is happening October 26-29. Save your spot.

Can I Apply a Payment to the Interest on a Bill First?

Objective:

  • To select the order of payment on a Bill.
  • To make partial payments on a Bill that pay interest first.

Environment:

  • Clio Manage

Additional Information:

  • For more information on recording direct payments please click here.
  • For more information on recording payments from Trust please click here.
  • A request to make this feature has been submitted to our development team for future consideration.
  • If you would like to add your vote towards getting this feature implemented in Clio, please contact Clio Support.

Answer:

Not at this time. As far as Clio is concerned, it will apply a payment to a Bill toward the total outstanding balance and it will pay the Principal amount first before the interest.

In terms of syncing to accounting software (i.e. QuickBooks Online), the Principal will be recorded as being paid first.

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