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What is a Payment Profile?

Objective:

  • What is the definition of a Payment Profile?
  • What will a Payment Profile do?
  • What is the purpose of a Payment Profile?
  • Define Payment Profile
  • Clio Dictionary

Environment:

  • Clio Manage

Additional Information:

Answer:

A Payment Profile is a customized payment term that you can specify for individual clients.

For example, you can create a payment profile for a particular client that details a 30 day grace period. with no discount and no interest. On the contrary, you can create a "Referral" payment profile that details a 35 day grace period with a 10.0% discount and no interest if paid within 5 days.

 

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