Native legal accounting software for law firms
Tessaract’s native accounting suite is designed to give you a more holistic financial picture. Every transaction, invoice, and payment is seamlessly linked to the matter and the people behind it, creating one continuous story of your firm’s performance.
With a built-in, comprehensive system, you can track revenue, costs, and profitability in real time, allocate client funds with greater precision, and drill down from high-level reports to the individual line items that drive your business.
This is what joined up data really looks like
Allocate client monies directly to a specific matter. Use those funds to settle an invoice. Track that invoice back to the time entries that created it. Drill from P&L down to the individual line items behind your fee income.
Nothing is lost and no context disappears.
Reconciliation, simplified.
Import statements from any major bank or use our AtoA open banking integration for live feeds. Tessaract automatically matches transactions using intelligent criteria like date, amount, description, and payee, while letting you adjust matches anytime. Reconcile in bulk and move on with your day.
Accounts receivable and payable at a glance
Instantly see the status of your invoices and credit notes.
- How many are awaiting approval.
- How many are awaiting payment.
- How many remain in draft.
Track your top debtors and act early to protect cash flow.
On the payable side, monitor supplier invoice status and process mass payments with ease. Select multiple supplier invoices and copy them directly into a bulk payment run.
A magnifying lens on profitability
With native accounting, Tessaract lets you trace revenue from time entry to payment, giving a complete view of matter profitability and firm performance. See exactly where income and costs sit, so you can optimise pricing, resourcing, and workflows with confidence.
Multi-currency and multi-entity in one system
Tessaract natively supports multi-currency accounting. Raise bills in different currencies. Record expenses and disbursements in alternative currencies and see converted values instantly.
For firms operating across jurisdictions, separate entities can be managed from the same domain and using the same login. You gain consolidated visibility without compromising compliance.
Real time insight. Real time action.
Tessaract delivers real time reporting.
Because accounting, matter management and billing live in the same system, your reports are always current. If margins tighten, WIP builds up or bottlenecks appear, you see it immediately.
That means you can adjust pricing, reallocate resources, chase debt and reduce inefficiencies. Not at month end. Not next quarter. Now.
Experience Tessaract’s fully native accounting suite today.
Want more accounting tools to better control your finances?
Legal tech insights from the Tessaract team
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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.
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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
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