Clio has launched legal accounting for Canadian law firms within Clio Manage, bringing matters, billing, payments, and bookkeeping into one connected system.
The new functionality targets solo, small, and mid-sized firms, with tools designed around Canadian tax reporting and the trust accounting requirements of provincial and territorial law societies.
The launch addresses a practical challenge for firms: keeping financial records aligned with the legal work and transactions that generate them. By connecting billing and payments directly to bookkeeping, Clio says firms can reduce duplicate data entry and reconciliation across separate systems while gaining a more current view of their finances.
“Canadian law firms should not have to separate the books from the work that creates the transactions,” said Luke Slan, General Manager, Canada at Clio. “By bringing legal accounting into Clio Manage, firms can carry billing and payment information into their financial records, reduce cross-system reconciliation, and maintain clearer oversight of their trust obligations.”
Features include three-way reconciliation of trust ledgers, client ledgers, and trust bank statements, alongside GST, HST, QST, and PST tracking and input tax credit capture.
Firms can generate cash- or accrual-basis reports, including profit and loss statements, balance sheets, trial balances, and tax summaries. The platform also supports Canadian bank feeds for CAD accounts, Canadian cheque printing, and guided onboarding. Bank transaction categorization and suggested matching are designed to simplify routine bookkeeping.
CloudAct CPA Professional Corporation, which participated in the Canadian pilot, said the functionality reduces duplicate entry and gives firms and their external accounting teams secure remote access, easing the transition from older desktop software.
The release continues Clio’s expansion of tools tailored to Canadian firms. LegalTech.ca previously covered the Canadian debut of Clio Draft, which extended document automation to Clio Manage customers, and the launch of Clio Work in Canada, connecting matter information with AI-assisted research, strategy, and drafting.
With accounting now available, Clio is extending that connected approach to the financial records and reports firms use to manage their business.