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Keep tabs on your firm’s financial health
Gain insight into your law firm’s finances like you’ve never seen before. Clio gathers critical financial data on your law firm’s cash flow and outstanding balances in an easy-to-digest format, helping you identify actionable strategies for increased profitability.
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Manage trust funds compliantly
Stay audit-ready and compliant by managing and reporting on client funds held in trust in accordance with legal industry regulations. Run trust account reports to see all transactions associated with a client or account and complete three-way reconciliation with ease.
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Stay on top of your cash flow
Automatically sync financial information to your ledgers, ensuring you always have accurate information and stay compliant. Assess your firm’s financial performance in a given period by generating income, cash flow, earnings statements, and more.
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Law firm financial reporting FAQs
What are law firm financials, and how does Clio help you manage them?
Law firm financials include key metrics like cash flow, revenue, and trust balances. Clio centralizes these insights in one intuitive dashboard, giving you real-time visibility into your firm’s financial health and helping you make data-driven business decisions.
What are the features of Clio’s law firm financial reporting?
Clio’s law firm financial reporting features include real-time dashboards that track cash flow, outstanding balances, and trust funds; automated syncing of financial data for accurate reporting; and built-in tools for compliant trust account management and three-way reconciliation. Together, these features give firms complete visibility into their financial performance from one integrated platform.
What does financial reporting for law firms include in Clio?
Clio’s financial reporting for law firms includes detailed dashboards and reports that track income, expenses, cash flow, and client account activity. This allows firms to assess performance and stay compliant with accounting and trust regulations.
Can I manage trust funds and stay compliant using Clio?
Yes. Clio enables compliant trust accounting by letting you track client funds, generate trust account reports, and perform three-way reconciliations—ensuring your law firm remain compliant with legal account standards.
Why choose Clio’s legal-specific financial reporting instead of generic software?
Unlike generic accounting tools, Clio is built for law firms. It meets legal compliance standards, simplifies trust management, and centralizes all financial insights in one secure, easy-to-use system.
Law firm financial reporting resources
Here are some resources to help you understand your firm’s financial position.
