Lynda ArtesaniLegal Accountant and Data Migration Specialist at The Proper Trust

Facing Financial Challenges Head On

29 Apr 2025 · 0 min

Watch on YouTube

0:26

In this brief segment, the speaker cautions law firms about a hidden risk when using integrated payment and practice‑management platforms such as LawPay, Clio, and LeanLaw. When a client payment is processed through a service like LawPay, the transaction can be automatically posted to the firm’s accounting or case‑management system (Clio or LeanLaw) before the funds have actually cleared the bank. This premature posting can cause the firm’s books to appear out of balance, leading to accounting errors and potential cash‑flow misunderstandings. The speaker urges listeners not to ignore this issue and to be aware of how their software integrations handle payment posting.

Don't hide under the rock when it gets out of balance. And, um, one of the things that you need to realize is if you're using some of these different softwares, let's say like a LawPay, you know, all of that for payments, realize that, um, sometimes when a payment comes into one of those platforms, it's automatically posted in, in like your Clio or your, your LeanLaw. You know, it can travel over before it hits the bank.