KCS - How to Balance my Operating Accounts

Objective:

  • Balancing my account

Environment:

  • Clio Web App 

Additional Information:

  • Clio is a Billing software, not an accounting software. Therefore, there is no way to account for Operating Expenses that would typically withdraw funds out of the Operating Account. The following steps will allow the firm to reconcile the Operating account. Firms will typically withdraw funds from the account on a monthly or quarterly basis.  

Procedure:

To open your Clio Operating Account, and withdraw funds in order to balance your account, complete the following steps: 

    1. Select Accounts
    2. Select the specific account you would like to withdraw funds from 
    3. Select New Transaction 
    4. Enter the amount you would like withdraw in the Amount field with a negative
    5. In the Description, include a note explaining the withdrawal
    6. Leave the Client and Matter fields blank 
    7. Select Record Transaction 

      

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