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Will Funds from 2nd Trust account be used when Funds from 1st Trust Account are all Used?

Will money from the 2nd Trust account be used to pay Bill when all funds on 1st Trust Account are used?

 

Yes, it will recognize if that client has funds in another trust account and apply those after the first account has been depleted

Objective:

  • Multiple Bank Accounts
  • IOLTA
  • IOLA
  • Trust account 

Environment:

  • Clio Manage

Additional Information:

if I set up a separate 2nd Trust Account in Clio when the Trust Funds for Matter on the 1st main Trust Account is exhausted, will the software automatically draw payment from the 2nd trust account to Pay Invoices?

 

Answer:

Yes, it will recognize if that client has funds in another trust account and apply those after the first account has been depleted

 

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