Simplify your law firms accounting & billing with our fully integrated legal software.
Without time-consuming admin tasks, you can speed up the month-end processes and run a streamlined accounts department with ease. Our legal billing software allows you to centralise your accounts into one system, which reduces errors, improves productivity and provides the visibility you need to drive your firm forward.
SRA and HMRC compliance
With so much regulation to consider, you can rest assured that our integrated package provides a fully compliant framework for your law firm accounting. As experts in the industry, we know about all of the relevant rules and regulations, which is why our legal accounting software is completely SRA, HMRC compliant and supports VAT returns for MTD. Our software also allows you to limit access using our permissions system and retain management oversight with complete audit trails.
Full visibility of your finances
To be in control of your finances, law firms need visibility. With Osprey you’ll have a 360-degree view of your client and office accounts, with side-by-side client ledger postings and support for as many bank accounts as you need. You can also manage your business finances, using the nominal ledger for all your law firms’ outgoings, invoices and receipts.
With full integration to the entire practice management solution, you’ll have access to everything you need in one central platform. Process payments quicker and get paid faster with your legal accounts accessible from anywhere at any time.
Osprey is trusted by 8,000+ lawyers
Find out how firms like yours have grown their firm and supported their clients with Osprey Approach by reading our customer success stories
Speed up bank reconciliations
Reconcile your bank statements with a simple click. You remain in control to make any amendments before completing.
Cross-reference and tick transactions manually or import your statement and have them automatically matched. Our accounting software allows you to adapt to whatever is most convenient for you.
Comprehensive reporting suite
Extensive built-in financial and management reports provide the information you need to run your law firm effectively. You can view reports within Osprey, or export to a file format that suits you. Accurate reports allow for data-driven business decisions that can ensure you’re progressing your firm in the right direction and making improvements to better profitability as you go.
In addition to intelligent business reporting, Osprey provides several auditing functions to ensure financial transparency and accountability.
Business and client financial reports:
- Profit & Loss
- Balance Sheet
- VAT Returns
- Aged Debtors
- Unpaid Bills
- Cost Transfers
- Client Funds Movements and more
Key legal accounting software features:
Osprey is fully SRA compliant to ensure we’re making your accounting processes as simple and ad stress-free as possible.
Successfully submit your VAT returns digitally into the HMRC MTD gateway with Osprey.
Stay in control of your finances with auditing functionality that provides you with transparency and peace of mind.
Choose from our suite of intelligent reporting templates and options or build your own so you can be in control of your firm and its future success.
Stay in the know and keep your team informed with scheduled reports that automatically distribute saving you time.
Increase security on your accounts with restricted access and configurable permissions.
How to successfully switch software solutions
This webinar with The Law Factory discusses the importance of getting your firm’s Accounts team involved when looking to implement a new software solution.