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.
The choice behind
leading firms
“We were impressed that Tessaract could cover so many bases for us and particularly liked the depth of functionality and flexibility of the Accounting module. We are thrilled to partner with Tessaract, an innovator in practice management solutions. The move into cloud computing allows us to optimise our operations, strengthen our internal capabilities, and ultimately deliver exceptional service to our clients.”
"An easy yet sophisticated, up-to-date system that has contributed to a 20% year-on-year revenue growth."
Experience Tessaract’s fully native accounting suite today.
Want more accounting tools to better control your finances?
Legal tech insights from the Tessaract team
Mid-size law firms flock to the cloud: Why cloud native software is now your best bet
The legal sector is entering a new phase of digital transformation. What was once considered a gradual shift toward cloud technology has now become a clear industry movement.
What is legal practice management software and what should it actually do?
Choosing legal practice management software is one of the most important technology decisions a law firm can make. Yet many firms still evaluate systems based on feature lists alone.
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.