Reports in Clio Manage are designed to help your law firm track deliverables and get insights into all aspects of how the firm is performing. Online payments reports provide a comprehensive overview of online payments transactions for firms that have Clio Payments enabled. See below for a summary of each payments report in Clio Manage and what type of information the report offers.
Monthly statements report
The monthly statements report is designed to give firms using Clio Payments a detailed history of all online payments. You can use this report like a monthly bank statement for bookkeeping and tax purposes.
Ledger report
The ledger report is designed to give firms using Clio Payments a detailed view of all transactions by type and status. This report includes charges, fees, refunds, disputes, and payouts, along with transactions that are authorized, completed, failed, disputed, dispute won, dispute lost, voided, and refunded. You can use this report to reconcile records between bank accounts and transactions in Clio.
Transaction report
The transaction report is designed to give firms using Clio Payments a detailed view of authorized payment transactions including charges and processing fees.
Deposit report
The deposit report provides firms using Clio Payments with a detailed breakdown of deposit amounts and the corresponding transaction fees. This report does not show authorised payments. You can use this report to identify total fees charged daily and monthly, and view the net amount deposited. This report is the most effective tool for tracking transactions that show a Complete status but have not yet appeared in your bank account. To track a payment deposit:
- Click Reports and select Clio Payments.
- Click Deposit Report.
- Select the date range and bank account, then look for the Payout Date for your specific transaction.
Tip: Identifying the Payout date ensures your firm accounts for the delay between a client's payment and the actual availability of funds, helping you maintain accurate ledger balances.
VAT report (Ireland only)
The VAT report is designed to give firms using Clio Payments in Ireland a detailed breakdown of VAT amounts per transaction. This report can help firms in Ireland to complete their VAT return.