Objective:
- Set up a Flat Fee Matter with periodic billing
- Manage a manual payment plan on Flat Fee Matters
- Flat Fee Matter with Milestone payments
- Record partial trust request payments where the total fees earned is less than the amount paid to date
Environment:
- Clio Manage
Additional Information:
n/a
Procedure:
- Set up an Hourly Matter with a Custom Rate of $0.00/hr to override any default hourly rates when adding time entries. You will need to type 0.00 into the box even though the default text reads the same. (How to apply a Custom Rate to a Matter)
- Create a Trust Request for the full flat fee amount for the Matter. (How to create a Trust Request)
- Record any payments already made against that Trust Request. The invoice will update to show the amount due at a later date, if applicable, and you can share this invoice with clients to show their outstanding balance. (How to Record a Manual Payment to a Trust Request)
- Create some Flat Fee Activity Categories that correspond with the different milestones in your process where you earn your fees. Whenever you reach that milestone, you can log a Time Entry and select that milestone category from the Activity Category drop-down. (How to Create a Flat Rate Entry in a Matter)
- When you are ready to record a transfer from the Trust to Operating Account at the time your fees are earned, follow the regular Billing Workflow to generate and record a payment against an invoice. (Video: Billing Workflow)