Accounting software for trusts

You probably don’t think too much about accounting software. After all, it’s all in the computer, right? Wrong. If anything that’s a reason to choose accounting software that can integrate with other programs so you can stay on top of things. You’re busy — and that’s why there are a lot of businesses that are finding solutions like accounting software for trusts can be helpful

I’ve been in the trust accounting business for 14 years now and we have several hundred trusts do our books every year. If you’re like me, you sometimes find it hard to get time to get your books in order. Maybe it’s because you have too much on your plate, or maybe it’s just that it’s hard to wrap your head around a relatively new software. Most accounting software packages are easy enough for a person with experience to handle, but can seem like rocket science for newcomers. Well I’m here to tell you that books for trusts does not need to be as intimidating and confusing as it seems. Trust accounting doesn’t need to be an overwhelming process anymore; there’s a way of making life even easier when handling trusts accounting such as Quickbooks and Xero.

Trust accounting software allows you to track the finances of trusts and other entities.

We have developed a trust accounting software that is designed to be user-friendly and intuitive. It’s easy to use, plus it offers a secure platform that you can access from anywhere in the world.

Our trust accounting software will help you manage all aspects of your clients’ financial lives—including banking, investments, payments, and more—with ease.

For the past decade or so, accounting software has been a huge boon to small businesses and startups across the country. But if you’re running a trust, you might be looking for something a little more specialized.

That’s why

was created: to help you get your books in order without any of the extra fuss that comes with trust accounting. It’s an intuitive solution that can be used by anyone—whether you’re new to accounting or have been doing it for years.

Accounting software for trusts

Manage your trust accounting in accordance with industry rules

Manage client funds in trust accounts with our legal accounting software. Keep detailed records that separate client funds from your firm’s operating funds.

Clio Manage Simplified UI Accounting Billing Trust Account
  • Generate reports required for trust accounting compliance Run built-in legal trust account reports to see all accounts and transactions associated with a client through the client ledger report and generate client statements of account.
  • Set up separate ledgers for trust and operating accounts Use Clio’s trust accounting 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 are trust or operating account transactions.
  • Create invoices that comply with regulations Clearly present line items on your legal invoices that detail funds removed from a trust along with remaining trust account balances.

Handle your trust accounting with confidence

Request, apply, and document the transfer of trust funds knowing all transactions are properly logged across your ledgers.

  • Make generating requests and accepting deposits easy Send trust requests over email and give clients the flexibility to deposit funds into their legal trust account with credit, debit, or eCheck—and in accordance with legal industry rules.
  • Stay on top of your trust account balances Use evergreen management to manage retainers in Clio’s trust accounting software to set an alert when a trust fund drops below a certain threshold.
  • Comfortably move funds in and out of trust Create automated logs of transactions as you issue trust disbursements, apply trust funds to invoices, and transfer trust funds to operating accounts.
  • Print trust checks Disburse funds from Clio to a check and automatically sync the record to QuickBooks Online where you can print trust check disbursements.

Manage and report on all firm financials

We’re more than just legal trust accounting software. Clio helps you manage your firm’s profitability, compensation, financial health, and more.

  • Keep tabs on your firm’s financial health Stay on top of your law firm’s work in progress, billing history, invoice payments, aging receivables, and more.
  • Calculate attorney compensation Summarize collected amounts by originating attorney to visualize and quantify how much income each lawyer at your firm has brought in.
  • Connect your favorite accounting tools Integrate with popular accounting tools, such as Xero or QuickBooks Online, for full general ledger legal accounting. Avoid duplicate data entry between platforms and simplify reconciliations.

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