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 maintain IOLTA compliance, exercise careful judgment when transferring funds involving trust accounts. Transfers between trust and operating accounts must reflect earned fees or other amounts the client has authorized. Consult your jurisdiction's trust accounting 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 funds between the Client Balance and a specific matter's Matter Balance, or between two matters for the same client. Use this when trust funds held for one matter need to apply to a different active matter for the same client.
Important: Matter-to-matter trust transfers require client authorization. Keep a written authorization record in the matter file to support your trust accounting audit trail.
Transfer from the client balance
Trust funds stored at the client level apply as payment on bills for any of the client's matters.
- Go to the Transactions subtab of the contact.
- Select the client account where funds are stored.
- Click Transfer funds.
- Select Between matters.
- Under Source, select Client Balance. Under Destination, select the matter.
- Complete the remaining transfer details.
- Click Record transfer.
Transfer from a matter balance
Trust funds stored at the matter level apply as payment only on that specific matter.
- Go to the Transactions subtab of the matter.
- Select the client account where funds are stored.
- Click Transfer funds.
- Select Between matters.
- Under Source, select the matter with the Matter Balance. Under Destination, select Client Balance.
- Complete the remaining transfer details.
- Click Record transfer.
Up next
- Record and Export Transactions: Record and export transactions to track account activity.
- Record Trust Transactions: Record a trust transaction directly, without creating a request first.