Bank accounts in Clio Manage mirror the transactions your firm records in Clio, so you can collect payments and hold client funds against the correct account. Creating a bank account adds an internal record, and editing or deleting accounts keeps those records current. With your accounts in place, you can apply client payments, manage trust requests, and set the default deposit account for bills.
Note: Managing bank accounts requires accounts or administrator permissions.
Understand account types
Bank accounts in Clio Manage are internal records of your firm operating and trust accounts.
Note: The Accounts tab creates internal records of your firm's bank accounts (for example, operating and trust accounts) for managing client payments, trust requests, and default settings. It is distinct from the Banking section in Clio Accounting, which connects to a live bank feed (via Plaid) to reconcile transactions and manage your firm's General Ledger. Clio Manage does not import transactions from your financial institution.
Clio Manage supports two account types.
- Operating account: Holds funds for daily firm transactions, such as collecting payment on bills.
- Trust account: Holds funds in trust for clients. Any account that is not a trust account is an operating account.
Create a bank account
When you create a bank account, you select whether it is an operating or a trust account.
Important: You can set the currency while the account has no transactions. After the first transaction is recorded, the currency remains fixed, and you cannot change the account type.
- Go to Accounts.
- Click New account.
- Enter a name for the account and select the account type.
- Choose the Currency and enter the opening balance.
- Optional: To accept client payments through this account, select Connect this bank account to online payments and add the financial details. You can connect bank accounts that are in your local currency.
- Click Create bank account.
Edit a bank account
You can edit the basic details of a bank account at any time. Keep the account type unchanged after transactions are recorded to maintain accurate balances.
- Go to Accounts.
- For the relevant account, click Edit.
- Make the changes.
- Click Update Bank Account.
Delete a bank account
You can delete a bank account that has no recorded transactions. To delete an account that contains transactions, remove the transactions first, and then delete the account.
- Go to Accounts.
- For the relevant bank account, click the down arrow next to Edit and select Delete.
- In the confirmation prompt, select the confirmation checkbox and click Delete.
Up next
- Connect Bank Accounts to Online Payments: Connect a bank account to Online Payments to accept client payments.
- Record and Export Account Transactions: Record and export transactions to track account activity.