The Accounting Snapshot gives you an overview of your firm’s current operating, trust, and credit card activity so you can quickly assess performance, compliance, and cash position without running multiple reports.
The Accounting Snapshot provides:
A consolidated financial overview
Daily insight into profitability
Clear trust compliance visibility
Direct shortcuts into accounting workflows
Reconciliation monitoring
Period-over-period performance comparison
It is designed to help firm owners and administrators quickly answer:
Are we profitable right now?
Is our cash flow healthy?
Are we compliant with trust requirements?
Do we need to reconcile anything?
To access the Accounting Snapshot use the following steps:
Navigate to Accounting in your navigation bar.
Select Snapshot
If onboarding for your Operating Accounts has not been completed, you’ll be redirected to Accounting Settings to complete your onboarding.
The Snapshot is available to firms using PantherAccounting Plus. User access is
controlled through Accounting Permissions via the View Operating Reports column.
The Last Updated timestamp in the top-right corner of your Snapshot shows when your data was most recently refreshed. Snapshot data updates automatically each night.
Quick Access Shortcuts
This section includes shortcut buttons that launch key accounting workflows.
Firm Payment – Opens modal to create a new firm payment.
Journal Entry – Opens journal entry workflow.
Banks & Credit Cards – Opens bank accounts list.
Account Ledger – Opens your default operating account ledger which can be updated to view any of your bank or credit card accounts.
Chart of Accounts – Opens your chart of accounts.
Operating Reports – Opens accounting reports.
Financial Insights
This section helps you understand how your firm is performing.
You’ll see three primary cards that each include:
Month to Date and Year To Date information
Month to Date compares data from the first day of the current month through today against the same date range from the previous month.
Year to Date compares data from the first day of the current year through today against the same date range from the previous year.
Clicking the card opens the associated report pre-filtered to your selected date range for viewing detailed transactional data.
Profit & Loss
Income
Expenses
Net Income (Income – Expenses)
Clicking the Profit and Loss card will open the Profit and Loss Accounting Report filtered to the applicable month or year date range.
Net Cash Flow
Total cash inflows
Total cash outflows
Net Cash Flow (Inflow – Outflow)
Clicking the New Cash Flow card will open the Cash Flow Accounting Report filtered to the applicable month or year date range.
Net Firm Payments
Total Firm Payment Deposits
Total Firm Payment Withdrawals
Net Firm Payment (Deposits - Withdrawals)
Clicking the Firm Payment card will open the Payment History page filtered to the applicable month or year date range.
Account Balances
This section shows your current financial position across all bank types.
Operating Accounts
Trust Accounts
Credit Card Accounts (if you’ve created credit card accounts)
Each card includes:
Total balance across bank types
Individual bank balances
Last reconciled date for each account
Reconciliation warning if last reconciliation is greater than 30 days
Clicking any account name hyperlink opens the account's ledger in a new browser tab to view further transaction details.
Negative Trust Balances
Because trust accounting involves client-owned funds, additional safeguards are included when a contact or matter trust balance drops below $0. A negative trust balance represents a compliance issue and should be resolved immediately.
A warning appears in the Trust card when there are contacts or matters with negative trust balances.
Click the warning to open the Contact or Matter list, where items with negative balances will be displayed at the top.
If no contacts or matters have negative balances, the warning section is hidden.
Best Practices for Using Snapshot
Review daily to monitor cash position and trust compliance.
Watch for overdue reconciliations.
Investigate negative trust balances immediately.
Use MTD for operational monitoring.
Use YTD for performance evaluation and forecasting.
If you need assistance enabling access or interpreting your Snapshot data, contact Support or your account administrator.