KCS - How To Overdraw Trust Account

Objective:

  • How to reduce the trust account balance below zero 

Environment:

  • Clio Web App 

Additional Information:

Depending on location some Bar Associations in the United States, and jurisdictions internationally have strict regulations surrounding Trust Accounting. Before overdrawing the account we would urge caution as mismanagement of Trust Funds can have serious implications for practicing legal professionals. Before you overdraw the account Clio will warn you that you are about to complete this action. 

Procedure:

  1. Go to the Matter
  2. Click Transactions
  3. Change the Ledger to the Trust Account 
  4. Click Disburse Funds 
  5. In the Amount enter the amount you will to overdraw by for example if you have zero in the trust account and want to overdraw by twenty dollars then simple input 20 
  6. Click Record Transaction 

 

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