Accounting
The special requirements of law firm accounting can be daunting, as the LSUC Bookkeeping Guide illustrates. http://www.lsuc.on.ca/WorkArea/DownloadAsset.aspx?id=2147490537
Many people mistakenly believe that Quickbooks cannot handle law firm trust accounting. This myth is put to rest in the book “Law Practice Accounting Using Quickbooks” by Lynette Benton. http://attorneystechnology.com/quickbooks-books/law-practice-accounting-using-quickbooks/
Clio can send data to Quickbooks and they share accounting functions as follows:
- Clio: Time tracking, client billing, client trust listing
- Quickbooks: General Ledger, Accounts Payable, bank reconciliation