Objective:
- Can Clio track my Operating Expenses?
Environment:
- Clio Manage
Additional Information:
n/a
Answer:
No, Clio cannot track your business expenses. It will track operating expenses that your clients must reimburse you for, but it will not track expenses such as rent or electricity. Clio is more of a Billing program, not an Accounting program.
As a result, the Operating Account Balance in Clio is more of a running total of Bill Payments received through Clio exclusively, rather than an accurate reconciled balance (unlike the Trust Account Ledger, which should reconcile 1:1 to your actual Trust Account). For managing Business Expenses in that fashion, please use an Accounting Suite such as Quickbooks Online.