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.”
"Tessaract has brought our key information and processes together in one place, giving us clearer oversight of the firm. We can stay closer to the financial position of our matters, manage billing and approvals more consistently, and reduce the work involved in bringing information together. It also gives our consultants a reliable, consistent way to access what they need while working flexibly and remotely."
"As our firm continued to grow, we recognised that our existing systems were limiting our ability to scale effectively. We needed better visibility into performance, stronger time capture and access to meaningful management information. Tessaract has given us a platform that supports both our operational requirements and our growth ambitions, while providing the insight needed to make more informed business decisions. We have been truly impressed by the high level of service provided by the Tessaract team: they have taken on a complex project, understood our requirements and consistently delivered, all while being a pleasure to work with."
"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
How IT leaders can utilise legal practice management software to improve law firm profitability
For IT leaders in mid-size law firms, improving profitability is not simply a project to support finance with. It is also a data, reporting and technology challenge. Disconnected matter and financial information can prevent partners, fee earners and business leaders from seeing where profit is being lost. By the time scope creep, budget overruns or falling realisation become visible, it may be too late to protect the margin.
Why law firm data needs to leave the boardroom
Law firm leaders generally feel well informed. In our research with LPM, Mind the Delivery Gap, 80% say leadership has sufficient visibility into performance, while 79% believe their legal management information supports effective decision-making.
Why data driven fee earners are a competitive advantage for law firms
Law firms have never had more data. The challenge is making sure the right people can access the right information at the right time. Our Mind the Delivery Gap research, produced in partnership with LPM, found that 79% of firms believe their management information supports decision making effectively, and 80% say leadership has sufficient visibility into firm performance. However, there is a significant disconnect. Only 14% of respondents said the information they need is always available, and 29% believe providing better insight to fee earners should be an essential investment priority.
When systems don't connect, your IT team becomes the integration layer
They appear as a report that needs to be manually reconciled before it can be trusted. A user raises another support ticket because two systems show different information. A spreadsheet quietly becomes essential to a core process. A member of the IT team is asked to extract, reformat and move data between applications because there is no reliable way for it to flow automatically.
Measuring matter profitability remains a challenge for law firms
Every pricing decision, hiring decision and growth plan depends on understanding one thing: which matters actually make money. Yet our Mind the Delivery Gap research, produced in partnership with LPM, found that only 18% of firms are completely confident in their ability to assess matter profitability. A further 38% say their view is inconsistent or inaccurate, while 67% of leaders report that users experience frustrations with their core systems.
Can your law firm grow without adding more operational pressure?
Growth is firmly on the agenda for mid-size UK law firms. According to Mind the Delivery Gap, our research completed in partnership with LPM. 44% expect moderate organic growth, 33% are pursuing geographic growth and 20% anticipate growth through mergers and acquisitions.
Does legal practice management software need accounting?
When law firms replace their legal practice management software, accounting is increasingly becoming part of the same conversation. Our recent discussions with law firm buyers show firms looking for systems that combine practice management, legal accounting, billing and client money management, rather than treating finance as a completely separate technology decision.
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.