Money amounts have to be reviewed thoroughly when preparing a contract. Mild Issues in Money represent low-risk formatting mistakes in money sums. For more severe errors like inconsistent money statements, check Critical Issues in Money.

Let’s learn more about Mild Issues in money amounts that Loio detects and suggests fixing in your contract:

Numbers not stated in words

Loio checks if each money amount is spelled in both words and figures (e.g. "$2,000" and "two thousand dollars") and points if any of the two forms are missing in your contract.

Space between currency sign and amount

Currency signs and numeric money amounts should be written solid in contracts. That’s why Loio considers the lack of space between currency signs and sums a mild issue.

Thousands not separated by a comma

When indicating amounts in numerics, thousands should always be separated by commas.

No space between currency code and amount

Currency code and numeric money amount should have a space between them (e.g. "EUR 6,000" but not "EUR6,000").

Redundant decimals

Decimal zeros in round numbers may be useless and take much space in contracts (e.g. "EUR 6,000" but not "EUR 6,000.00").

With Loio, you can automatically fix all Mild Issues in Money. To do so, choose the needed match and click on the blue button with the correct version that Loio suggests as a fix.

If you think that the issue is irrelevant for you, click ‘Dismiss’.

We hope that Loio’s Mild Issues tab will help you avoid awkward typos in money matters.

Did this answer your question?