Clio now includes accounting features for math-averse lawyers.

TLDR:

Key Points:

• Clio introduces Clio Accounting to help lawyers manage firm accounting.
• The product seamlessly integrates with Clio Payments to provide real-time financial insights and streamline tax preparation.

Article Summary:

Clio has launched Clio Accounting to assist lawyers in managing firm accounting efficiently. The product integrates seamlessly with Clio Payments, allowing for real-time financial insights and streamlined tax preparation. By automating processes and providing detailed insights, Clio Accounting aims to help smaller firms and solo practitioners ensure compliance with trust accounting rules and make informed business decisions. The product also offers a free license for accountants or bookkeepers to access the account. Clio emphasizes that the product is designed for legal professionals to use directly, enhancing their financial management capabilities.

This move by Clio addresses the common challenge faced by lawyers who are more focused on the practice of law rather than the financial aspects of running a firm. With Clio Accounting, lawyers can now have access to a tool that simplifies financial management, reduces potential human errors, and provides valuable insights for decision-making.