Clio Launches Its Own Legal-Specific Accounting and Bookkeeping Software as Add-On to Clio Manage

The legislation follow administration firm Clio as we speak unveiled Clio Accounting, offering legal-specific bookkeeping and accounting as an add-on to U.S. clients of its Clio Handle platform.

I’ve not had a chance to see an indication of it, however Clio mentioned in an announcement that it consists of options to sync data from Clio Handle to log transactions inside a agency’s ledger, routinely match transactions, carry out legal-specific reporting and due diligence resembling three-way reconciliation, and extra.

Among the many advantages the software program provides legislation corporations, Clio mentioned, are:

Computerized, real-time recording and synchronization of each transaction — whether or not it entails sending an bill, amassing a cost, or logging a tough value— between the related checking account and agency ledger.
Actual-time insights into the agency’s checking account through stay feeds, plus detailed insights into money move and complete monetary reviews to tell key enterprise choices.
The power to make use of Clio to handle all the agency’s belief accounting securely and in compliance with business guidelines — offering end-to-end oversight of all account exercise regarding each earned and unearned charges.
Simpler tax filings because of having all monetary actions and reporting in a single place and quick access for the agency’s accountants.

To make the product extra accessible, Clio mentioned, it’s providing one free Clio Accounting license with each subscription that offers a agency’s accountant or bookkeeper entry to the agency’s account.

“As legislation corporations navigate the complexities of belief accounting and compliance, the necessity for a specialised resolution has by no means been larger,” Hemant Kashyap, chief product officer at Clio, mentioned in a press release supplied by the corporate. “With Clio prioritizing belief accounting compliance, authorized professionals can handle their funds with ease and confidence, whereas remaining targeted on the follow of legislation.”