What if a Payment Plan is set to Charge on the Last day of the Month or on a Day that Does not Exist in the Next Month?

January 29, 2021 15:43

Question:

What if a Payment Plan is Set to Charge on the Last day of the Month or on a Day that Does not Exist in the Next Month?
What if a Payment Plan does not have the 29th, 30th, or 31st in that month?

Environment:

Clio Manage

Additional Information:

Answer :

If the date that the payment plan is set does not exist on the following months, it will be charged to the next closes date. Ie. If a payment plan was set to January 29th, 30th, or 31st, the payment plan will run the charge on the 28th of February. You should also see a message that indicates " This charges every month on the 30th (or last day of February)."