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Clio Accounting: Everything You Need to Know

Clio Accounting: Everything You Need to Know


Are you prepared to go away sophisticated accounting instruments that aren’t tailor-made to the distinctive wants of legislation practices behind? Are you pissed off by not having a transparent view of your agency’s monetary well being? Are you able to reclaim your worthwhile time from administrative duties and focus extra on billable work?

In case you mentioned sure to any of those questions, then Clio Accounting is the answer you’ve been ready for.

As a lawyer, your important focus needs to be on training legislation, however our 2023 Authorized Traits Report reveals that just about two-thirds of your day is spent on tedious administrative duties, together with accounting. That’s why, in collaboration with authorized accounting professionals, we’re excited to convey you an answer constructed particularly for authorized professionals, not simply accountants.

Clio Accounting is a authorized accounting software program crafted with authorized professionals, their accountants, and bookkeepers in thoughts. It’s deliberately designed to cut back the intimidation issue that comes with legal professionals managing their agency’s accounting and units authorized accountants up for fulfillment by expediting monetary workflows and accelerating monetary duties to make sure easy accounting operations on your agency.

Right here, we discover how Clio Accounting seamlessly integrates into your current apply administration system, helps hold your agency compliant, and simply folds into your each day processes–permitting you to run your legislation agency multi functional place and hold you or your accountant joyful.

Designed to make legislation agency accounting approachable

Clio Accounting is constructed proper into Clio’s legislation apply administration software program, permitting seamless info sharing between Clio Accounting and Clio Handle. Simply handle all your agency’s monetary actions from one central hub and bid farewell to toggling between your accounting and apply administration instruments, limiting handbook entries and human error.

Keep answerable for your agency’s funds

Simply document, handle, and interpret monetary transactions that happen at your legislation agency in a single system of document whereas serving to to make sure your agency’s safety, compliance, and audit preparedness. With Clio Accounting, you’ll be able to:

Handle and observe funds in a single place
Get rid of handbook information entry and the danger of error
Get a real-time view of the cash you’re owed
Auto-sync monetary info throughout Clio
Mechanically match transactions out of your checking account to your books

Not solely do these options assist legislation corporations file taxes extra effectively, however they can even help legislation corporations in getting paid sooner by maintaining observe of all open invoices in an easy-to-view dashboard. Better of all, Clio Accounting syncs robotically along with your Clio Handle account, making certain that each case is up-to-date with none want for handbook enter.

Making certain belief account compliance

Managing a number of financial institution accounts and making certain IOLTA and belief accounting compliance can seem daunting, however at Clio, we show you how to keep safe, compliant, and audit-ready. Get rid of belief accounting stresses and benefit from the peace of thoughts that comes with understanding each belief transaction is recorded and managed compliantly throughout your ledgers.

Hold earned and unearned funds separate
Reconcile belief and working accounts in accordance to jurisdictional necessities
Entry reconciliation and ledger experiences
Create invoices detailing belief transactions

Make data-driven choices

Maintaining tabs on each transaction is important for making data-driven choices for the expansion and profitability of your legislation agency–and, after all, submitting your taxes. With Clio Accounting, you’ll have the ability to view monetary insights at a look and oversee your agency’s money movement in real-time. This contains managing financial institution accounts, distributors and bills, and the movement of funds.

To prime it off, you’ll have the ability to generate monetary experiences with ease and acquire entry to accounting greatest apply sources. The state of your agency’s monetary efficiency now lives proper at your fingertips.

Achieve monetary confidence and compliance as we speak with Clio Accounting

It’s time to take again management of your time to deal with what really issues—training legislation.

Take into consideration all of the billable hours you can liberate by simplifying your agency’s accounting processes and eliminating the time you and your workforce spend on time-consuming handbook duties. Higher but, take into consideration the peace of thoughts you can acquire by understanding the place your agency stands financially, and understanding you might be compliant always.

Ebook your demo as we speak to see how Clio Accounting can handle your bookkeeping and accounting from the identical place you handle every thing else on your agency.

We revealed this weblog submit in July 2024. Final up to date: July 23, 2024.

Categorized in:
Accounting, Clio



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