Clear and simple nominal ledgers to manage office accounts
Improve control of your cashflow with a fully integrated legal accounting solution with comprehensive nominal ledgers and accounts features. Have confidence in your financial data and keep track of your outgoings with the simple to use office nominal ledgers that help you speed up bank reconciliations and gain better insight into your financial forecasts.
Stay in control of your firm’s cashflow
360 degree visibility
Integrated nominal ledgers provide improved visibility of your firm’s outgoings with clear track of expenses, payments, and scheduled bills.
One single source of truth
View your client and office accounts side by side without needing third-party software. Manage your practice, cases, and accounts from one platform to improve efficiency and accuracy.
Improve cashflow
With accurate data you can successfully report and budget to improve cashflow and effectively predict and allocate resources. Utilise core reports, the report writer, or our interactive dashboards to analyse your finances.
Nominal ledger software features:
Client & office accounts
Have clear visibility of both your office and client accounts from within one platform. Easily post to any nominal or client ledger.
Scheduled postings
Easily set up reoccurring payments and costs within the nominal ledger to track expenses like your rent or salaries.
Customisable nominal ledger
Easily create new ledgers or archive old ones. Plus, easily modify your client ledger views with custom column layouts and select any standard posting type including payments, receipts, write-offs, journals etc.
Manage multi-currencies
Accounting and invoicing made simple when you can manage multi-currencies within Osprey.
MTD compliant
Successfully submit your VAT returns digitally into the HMRC MTD gateway with Osprey.
Set budgets
Set budgets for all nominals for the year or specific periods and run budget analysis reports to keep track of budgets versus actual spend.
Bank reconciliation
Either manually check your bank statement to your ledgers or use the SmartAction feature to upload your statements and automatically match the entries.
Extensive financial reporting
Choose from our library of financial reports, create your own to extract any data set you need from Osprey, or build interactive dashboards that’ll enable you to make data-driven business decisions.
Legal accounting software for UK law firms
Osprey helps you to manage the day-to-day running of law firm by streamlining and connecting your finances with your practice and case management solution. Without the need of additional software systems, you can manage your office accounts, client ledgers, bill clients, submit VAT, manage multi-currencies, track time, and report on your financial performance within one central solution.
Discover more…
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Advice and guidance from legal accounting expert Alex Simons, from The Law Factory, on how your legal tech can assist in meeting the requirements of the SRA Accounts Rules.
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Consult your accounts department when purchasing new legal tech
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By implementing the right tools within a practice and case management system, your for firm’s productivity, compliance, and visibility will improve and will help build a stronger foundation.
Find Out MoreView the nominal ledgers features in action
The Osprey Approach All-in-One Solution
The complete Osprey Approach solution combines comprehensive case management, powerful practice management, legal accounting, and a secure web portal so you can run an effective and profitable firm.
Discover more features that streamline your legal accounting processes:
Access better software support and an all-in-one solution
Upgrade your practice and case management system today, to Osprey, and make it easier to run your firm. Book an initial demo to see the software in action, get pricing details, and information on our implementation and data migration services.
