Simplify your law firm’s accounting and billing

All successful law firms rely on efficient and compliant legal accounting software to run a profitable firm. The Osprey Approach legal accountancy and billing solution is the superior, fully integrated solution that gives you confidence in your finances and data.

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Integrated legal accounting software for UK law firms

Speed up month-end processes and streamline your accounts processes with ease. Osprey offers a complete all-in-one legal accounting solution for solicitors and law firms of all sizes. Centralise your financial processes and practice management into one platform to reduce errors and improve visibility.

View all accounting software features below:

SRA and HMRC compliant accounting & billing software for solicitors

Rest assured that our integrated legal accounting software provides a fully compliant framework for your law firm accounting. SRA and HMRC compliant, the system helps you meet the Accounts Rules, submit VAT returns via MTD, and ensure Lexcel compliance. Our software also allows you to limit access using our permissions system and retain management oversight with complete audit trails.

Comprehensive reporting suite to manage law firm financials

Access an extensive financial and management report template library and a built-in report builder so you can view the data you need on a daily basis. Easily manage cashflow, compliance requirements, and firm performance easily with Osprey.

Business and client financial report templates include:

  • Profit & Loss
  • Balance Sheet
  • VAT Returns
  • Aged Debtors
  • Unpaid Bills
  • Cost Transfers
  • Client Funds Movements and more

Control of cashflow and profitability

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 and currencies as you need. Manage your business finances, nominal ledgers, and banks for all your law firms’ outgoings, invoices and receipts.

With full integration to the entire practice management software, you’ll have access to everything you need to ensure control over your cashflow and profitability, from one central platform.

The Osprey Approach all-in-one solution

The complete Osprey Approach solution combines comprehensive case management, powerful practice management, legal accounting, and streamlined client management – enabling your firm to run a streamlined and profitable operation that exceeds client expectations.

Frequently Asked Questions
  • What is legal accounting software?

    Legal accounting software is a digital solution for managing a law firm’s finances including billing and invoicing clients. A specialised accounting software for legal professionals will enable you to effectively manage both your office and client accounts, be SRA complaint, connected to HMRC for MTD, manage disbursements, bank reconciliations and offer financial reporting. Osprey Approach is an end-to-end practice and case management solution that includes a fully integrated, specialised legal accounting software so you can be confident your finances are streamlined and accurate.

  • Why should I use legal accounting software?

    Law firms should use legal accounting software because it provides them with the correct tools to effectively manage their business and client accounts, ensuring they stay complaint. There are a variety of accounting software solutions on the market but typically they’re not created for law firms or specialise in legal accounting. Therefore, these products may not handle or consider the more complex needs of law firms and the regulations and compliance requirements you need to follow. This is why we recommend law firms choose a solution that is designed for law firms and is fully integrated with a practice management solution.

  • Is Osprey SRA and HMRC compliant?

    Osprey provides firms of all sizes with the features and functionality to successfully meet SRA requirements and best practices which will help firms become SRA compliant. You can find out more about the compliance features, functionality and workflows here. Osprey is also an approved MTD software supplier which ensures you can digitally submit your VAT returns through Osprey in the HMRC MTD portal.

  • Do you provide business and client financial reports?

    Osprey Approach includes a variety of reports for both business and client financials, including other various firm-wide reports which provides firm’s with a 360-degree visibility of their performance. Osprey also includes the report writer tool so you’re able to build your own reports using the data you hold in Osprey. For further insight and advanced reporting we also provide business intelligence tools that enable you to create interactive and intuitive dashboards that are configurable and customisable to your firm’s needs.

  • Do you integrate with QuickBooks or Xero?

    Osprey Approach is a complete, end-to-end practice management solution that includes everything you need to effectively manage your firm, clients, cases and finances. Osprey includes fully integrated legal accounting software which means you don’t need to purchase additional accounting software to use with Osprey Approach. This is why we don’t integrate with other accounting packages because the features within Osprey are designed specifically for law firms, are SRA compliant and have everything you need to manage your business and client accounts.

One platform to manage all your cases

See Osprey in action

Discover the power of Osprey Approach in a free, no obligation demonstration, and learn why thousands of lawyers trust our software solution to manage their firm. Complete the form and one of our product experts will be in touch to find out more about your firm’s needs and to book a meeting at a time that suits you.

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