Learn from the best and brightest in legal, technology, and beyond! Join us at the 2019 Clio Cloud Conference — San Diego | October 21-22, 2019.

How Are Partial Payments Reflected on the Revenue Report?

Objective:

  • How will Collected Time, Collected Expense, Collected Tax, etc. be split up if the bill is only paid in part? 
  • How are partial payments attributed on the Revenue Report?

Environment:

  • Clio Web App

Additional Information:

n/a

Answer:

Partial payments will be proportionally applied across the Time, Expense, and Tax columns on the Revenue Report.

For example:

  • An approved invoice exists for $4000
    • $3000 of this is time entries and $1000 is expenses
  • User A has billed for $2000
  • User B has billed for $1000 and is responsible for $1000 of expenses

In terms of expenses and time entries:

If a payment of $2000 is received on this invoice, $1500 of the payment will go toward time entries, and $500 will go toward expenses (as they make up 75% and 25% of the invoice subtotal, respectively).

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