Law Firm Financial Reporting Software
Turn Your Legal Accounting Data Into Actionable Insight
Financial visibility is essential for the success, compliance, and strategic growth of any law firm. With increasingly complex regulatory requirements and rising competition, it’s no longer enough to rely on basic financial summaries or spreadsheets. Klyant’s Law Firm Financial Reporting Software is built specifically for the legal sector, enabling firms to track performance, forecast accurately, and maintain full compliance with legal accounting rules.
Whether you’re a managing partner, legal CFO, or practice manager, Klyant provides the powerful reports and real-time insights you need to run a profitable, compliant practice.
What is Law Firm Financial Reporting?
Law firm financial reporting refers to the process of compiling, analysing, and presenting a firm’s financial data — including revenue, client account balances, billable income, expenses, and client accounts — in a way that supports internal decision-making and external regulatory compliance.
Unlike general businesses, law firms must track and separate client funds from office funds, adhere to regulatory frameworks (like the SRA Accounts Rules or Law Society guidance), and generate both standard and legal-specific financial reports.
Klyant’s Financial Reporting Capabilities
Over 40 Built-In Reports — Designed for Legal Professionals
Access an extensive suite of pre-built reports that cover every financial aspect of your law firm, including:
- Client Ledger Reports – Track client balances, disbursements, and transfers
- Aged Debtors & Creditors Reports – Monitor overdue balances and improve cash collection
- Matter Balances – See real-time balances by matter or fee earner
- Profit & Loss Statements – View income and expense breakdowns by period, or client type
- Balance Sheets – Present a clear summary of assets, liabilities, and equity
- Client Account Reports – Track client money movements and reconcile with bank accounts
- Dormant and Overdrawn Balances – Flag issues for compliance and internal auditing
- VAT Liability Reports – Fully MTD-compliant for UK firms, with real-time VAT insights
Reports can be filtered by date, matter, client, or fee earner — giving you unmatched control and clarity.
Tailored for Legal Compliance
Klyant is purpose-built for solicitors and law firms. Our reporting framework is fully aligned with the compliance requirements of:
- SRA Accounts Rules (UK)
- Law Society of Ireland
- Law Society of Northern Ireland
- Making Tax Digital (MTD) for VAT
You’ll have confidence knowing that every report is audit-ready and compliant with professional standards.
Custom Filters & Export Options
Reports can be easily exported to PDF or Excel with pre-applied filters, allowing for further manipulation or board-ready presentation. Whether you’re preparing for a monthly finance meeting or an external audit, you’ll have the information you need — fast.
Benefits of Using Klyant for Law Firm Financial Reporting
- Improved Financial Visibility – Make better decisions with live access to matter-level and firm-wide performance metrics
- Faster Month-End Close – Reduce time spent preparing reports with streamlined workflows and templates
- Regulatory Peace of Mind – Stay compliant with SRA and Law Society rules using trusted report structures
- Better Cash Flow Control – Identify billing gaps, aged debt, and slow payers in seconds
- Informed Strategic Planning – Use P&L and trend reports to plan staffing, pricing, or investment decisions
Who Is It For?
Klyant’s financial reporting tools are used by:
- Managing Partners – to oversee profitability and growth
- CFOs and Finance Managers – for daily financial operations and compliance
- Compliance Officers for Finance and Administration (COFAs) – to meet regulatory obligations
- Fee Earners and Team Leaders – to track their own performance and manage matter profitability
- Practice Managers – to monitor firm health, productivity, and risk
Integrated with the Rest of Your Legal Accounting
Our financial reporting is deeply connected with:
- Client money accounting
- Disbursement/Outlay tracking
- Bank reconciliation
- Billing and invoice generation
- VAT return submissions (MTD compliant)
Every figure in your report is tied directly to live data — so you’re not working from outdated exports or disconnected spreadsheets.
See Klyant in Action
Ready to transform the way your firm manages financial reporting? Klyant gives you complete control over your financial data, helping you stay compliant, make smarter decisions, and boost profitability.
- What types of financial reports can I generate with Klyant?
Klyant offers 40+ financial reports covering client balances, profit and loss, aged debt, VAT, and more — all tailored for law firms.
- Can I customise the reports?
Yes. Reports can be filtered and sorted by matter, department, fee earner, or timeframe, and exported in PDF or Excel format.
- Is Klyant compliant with SRA and Law Society regulations?
Yes. Our reports are specifically built for full compliance with legal accounting rules in the UK and Ireland, including SRA Accounts Rules and MTD for VAT.