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Clio Manage

Trust Account Management Software

Trust account management doesn’t have to be intimidating. Clio gives you the peace of mind that every trust transaction is recorded and managed in a compliant manner across ledgers according to industry regulations.
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Clio Trust Accounting:
Law Society Certified

Clio’s trust accounting software has been certified by the Law Society of New South Wales as being compliant with the Legal Profession Uniform General Rules 2015.

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Manage your trust accounts in accordance with industry rules

Clio-Manage_Trust-Accounting_Trust-Account

  • Set up separate ledgers for trust and operating accounts

    Use Clio’s trust account management software to track trust and operating accounts as required by legal industry regulators. See all transactions connected to a matter or client and whether they impact your trust or operating accounts.

  • Keep it simple and reconcile directly in Clio

    With several reconciliation options, choose to manage your firm’s trust accounts from the same place you already bill from right in Clio. Simply match trust transactions to your bank account statement directly from the Accounts tab.

  • Stay trust accounting compliant with reports

    Trust accounting software in Australia helps law firms manage client funds held in trust, ensuring compliance with regulations. It tracks deposits, disbursements, and balances, separates these funds from the firm’s own, and generates audit-ready reports, helping to avoid legal penalties.

Manage your trust accounts with confidence

Properly manage the request, deposit, transfer, disbursement, and refund of trust funds at every step knowing client funds are always properly logged across your ledgers.

  • Generate requests and accept deposits from clients with ease

    Enjoy the speed and convenience of requesting and depositing funds into trust according to legal industry rules. You can send trust requests through email or accept trust deposits through click-to-pay links, QR codes, or the secure client portal.

  • Create client-friendly invoices that comply with regulations

    Clearly present line items on your legal invoices that detail the movement of funds held in trust along with remaining trust balances.

  • Stay on top of your trust account balances and reporting

    Use evergreen trust management to stay on top of account balances in Clio’s trust account management software to set an alert when available funds drop below a certain threshold. In addition, Clio's Trust account management reports help firms in Australia stay compliant with trust accounting rules by providing records of trust account activity.

  • Comfortably move funds in and out of trust

    Create automated logs for all trust transactions as you apply funds to invoices, transfer funds to operating accounts, and issue disbursements or refunds.

  • Clio Manage_Clio synced with Xero

    Our seamless integration with Xero & QuickBooks

    Clio’s best-in-class accounting integrations with QuickBooks Online or Xero helps you efficiently manage your firm’s accounting so you can avoid data-entry errors and remain compliant, no matter how you work.

Frequently Asked Questions

What does trust accounting software do?

Trust accounting software is a specialised type of financial management software designed to help businesses, particularly those in the property management and real estate sectors, manage and track funds that are held in trust for clients.

How do I keep my trust accounts full of funds?

Our trust account management software offers an evergreen management feature that sends you a notification when trust accounts reach a minimum dollar amount.

Does Clio have the specific report required for trust accounting compliance in my jurisdiction?

Clio’s trust account management software allows you to either reconcile directly in Clio or make use of built-in reports that help meet general trust accounting guidelines, in addition to several reports made for specific jurisdictions. Our trust account management software also allows you to export transactions to Excel.

Can I use QuickBooks Online or Xero without integrating to Clio?

Using an accounting solution built for the nuances of the legal industry is important to maintain compliance. Clio offers trust account management software for attorneys through several different options depending on your accounting preferences, all with the goal of helping you reconcile and maintain compliance with ease.

What information syncs with Xero online?

With Xero and Clio Manage, your firm can automatically connect client invoices and expenses in Clio Manage to Xero to build complete accounting and billing processes. You can work on your own schedule to bill clients and file expense claims at any time, from anywhere, and make better decisions with real-time, flexible financial reporting and easy-to-use dashboards. Learn more here.

You can also create a new Xero organisation to keep a trust account separate from your day-to-day transactions.

For more information, visit the help centre.

 

What information syncs with QuickBooks online?

Clio’s trust account management software syncs your contacts, bills, time entries, expenses, and trust transactions to QuickBooks Online automatically. Additionally, you can sync hard costs using the Hard Cost Importer feature. Learn more here.

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