The telling story behind your cash
Tessaract’s cash flow statement provides a clear summary of net income and operating activities, broken down in a way that makes sense for leadership and finance teams alike.
- Track how cash moves through the firm
- Understand where income is generated and where spend impacts liquidity
- Always work from live data, not outdated reports
And because it is fully integrated with your live accounting data, it reflects the current position of the firm, not last week’s export.
From bank balance to transaction level detail
Track balances, debits and credits, and view reconciliation status at a glance.
Drill deeper to find answers
Tessaract’s trial balance is easy to explore. Click into any debit or credit to see the transactions behind it, then drill down into individual payments or invoices.
The same applies to your P&L, with every figure fully traceable to its source.
Segment your data, your way.
Filter financial reports by branch, department or multiple layers to reflect your firm’s structure.
Analyse performance across the business with trial balance and P&L views by track, and adapt reporting to match how your firm operates.
Reconciled data means smarter decisions
With clear visibility of reconciled and unreconciled statements, your finance team can trust the numbers.
Real-time, drillable data makes it easier to plan investment, manage working capital and identify pressure points early, all within one connected system. Instead of waiting for month-end reports or manually reconciling spreadsheets, teams can access accurate financial information whenever they need it.
By connecting accounting, banking and reporting data in one place, Tessaract provides a clearer picture of your firm's financial health.
Get better visibility of your cashflow, book a demo today
See how Tessaract helps your firm move beyond static reports and spreadsheets with real-time financial insight. Explore drillable reporting, live accounting data and connected financial management that gives you greater confidence in every decision.
Want more accounting tools to better control your finances?
Legal tech insights from the Tessaract team
Is technology becoming a deciding factor for potential employees?
Recruiting and retaining talent remains a persistent challenge for mid-size law firms. They are competing with larger firms that can often offer higher salaries, structured career progression, and more established remote working options.
What processes are mid-market law firms automating and where should you start?
One of the greatest benefits of modernising your practice management software is the ability to automate more processes across your firm. Automation helps streamline operations, eliminate workarounds, and reduce manual tasks that otherwise occupy fee earners and support staff’s precious and often, expensive time.
Building the perfect tech ecosystem: Why a best-of-breed stack often beats the all-in-one myth
It’s easy to understand the appeal of the one ring to rule them all software: one partner, one login, one support contact, one magic piece of kit that delivers everything you ever wanted…
The hidden cost of workarounds. How legacy legal practice management systems are quietly holding your law firm back
A workaround is a temporary fix to a process that's been used by permanent staff for years. It’s when three systems, two spreadsheets and a very patient person do the job of one piece of software.
Beyond features: How to choose legal practice management software that delivers real outcomes
When it’s time to choose a new Practice Management System (PMS), it’s tempting to start with a checklist of features. Every demo looks impressive, every vendor promises the world — and before long, you’re comparing dashboards instead of results.
Is your legal Practice Management Software holding your SME law firm back? 16 questions to make sure your PMS is pulling its weight
Before diving headlong into new legal practice management software, it’s probably a good idea to first gauge if your PMS is in line with modern standards and expectations to highlight any glaring challenges worth worrying about.
Essential types of analytics and reports for your law firm's success
According to “Big Data: The Management Revolution” by Andrew AcAfee and Erik Brynjolfsson, the success of a business depends largely on how it is able to collect, process and interpret data from a multitude of sources. Due to this, organisations are now using technological tools to explore how their data can be used for good. One such essential technological tool in the legal industry is analytics and reports.
Demystifying data migration, it’s not as scary as you might think
In our discussions with SME firm leaders, nervousness around the daunting challenge of data migration–or so it is perceived to be–is often the reason given for not considering a move away from a legacy legal Practice Management System (PMS) to a cloud-native solution.
The true cost of failing to be cloud-first
Digital transformation through a cloud-first strategy is now essential for law firms to stay competitive and grow their businesses, says Mike Hinchliffe, General Manager EMEA at Tessaract
The fundamental guide to client onboarding
A precursive report found that 82% of organisations believe their onboarding approach to be a value driver. Meanwhile, 74% have a dedicated team for customer onboarding. In the same report, over half of the survey respondents said they believe improving their client onboarding process will enhance the enterprise's overall performance.