We started a 3-attorney firm in mid-January. We use Clio mostly for billing purposes. I like the task feature and integration with Google Apps, but my partners don't use Clio much beyond billing.
We're concerned with the amount of time we're spending on manually entering in bank transactions into Clio. That time is above and beyond the time spent doing the actual bank transaction, e.g. transferring money from our trust account into our operating account. Two of us use Wave for tracking expenses and accounting for our individual practices (we each have separate LLCs that are members of our firm; we take business deductions for our individual LLCs.)
We've considered hiring a bookkeeper to help us keep track of invoices, trust account status, and the like. We figure that we could save the money spent on Clio and use Xero or Freshbooks with a bookkeeper. It wouldn't cost us much more than what we're currently spending and free up time spent on accounting and admin stuff for actual legal work. However, we aren't comfortable giving a bookkeeper authority to access our bank accounts.
Thoughts on our problem? Are we alone with this frustration? It would seem that if Clio allowed direct integration with our bank accounts so that we could tag transactions like Wave or other online accounting programs, it'd cut down significantly on our admin time.
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