Transferring funds between accounts in Clio Manage creates an accurate internal record of money movements across your firm's ledger. Because Clio records the transfer but does not move funds between your real bank accounts, match every recorded transfer with a corresponding manual transfer at your financial institution to keep your ledger balances accurate.
Important: To comply with SRA Accounts Rules, exercise careful judgment when transferring funds involving client funds accounts. Transfers between client funds and operating accounts must reflect earned fees or other amounts the client has authorized. Consult the SRA Accounts Rules before you record a transfer involving client funds.
Note: Clio records the transfer in your ledger. It does not move funds between your actual bank accounts. Manually initiate the corresponding transfer at your financial institution so the transaction is reflected accurately on both sides.
Transfer funds between bank accounts
- Go to the contact or matter Transactions subtab.
- Click Transfer funds.
- Select Between bank accounts.
- Complete the transfer information, including the source account, destination account, amount, and date.
- Click Record transfer.
Transfer funds between matters
Transferring funds between matters moves a client's funds from one matter ledger to another within the same contact. Use this when client funds held for one matter need to apply to a different active matter for the same client.
Important: Matter-to-matter client funds transfers require client authorization. Keep a written authorization record in the matter file to support your accounting audit trail.
- Go to the contact or matter Transactions subtab.
- Click Transfer funds.
- Select Between matters.
- Complete the transfer information, including the source and destination matters, amount, and date.
- Click Record transfer.
Up next
- Record and Export Account Transactions: Record and export transactions to track account activity.
- Record Trust Transactions: Record trust transactions to manage client funds in compliance with trust accounting requirements.