Profitability is a mystery
You know revenue, but not which clients or projects are actually profitable after labor and subcontractors.
Home/Industries/Professional services
Professional services
Professional-services books may include retainers, milestone billing, subcontractors, and unbilled time. The bookkeeping workflow can be configured for project reporting and receivables based on the available platform data.
The problems we fix
Receivables drag on
AR aging and follow-up workflows can make overdue invoices visible and assign responsibility for next steps.
Revenue timing
Retainers and milestone payments may require review with the client's tax or accounting professional before recognition rules are applied.
What we handle
- ✓Project & client-level profitability tracking
- ✓Retainer & milestone revenue recognition
- ✓Invoicing, collections & AR aging management
- ✓Subcontractor payments & 1099 tracking
- ✓Payroll for salaried and hourly team members
- ✓Monthly utilization & realization reporting
Discuss your workflow
Tell us how your professional services books are currently organized.
We'll ask about your platform, accounts, backlog, reporting needs, and available records before proposing a scope.
Request a consultationCompare platform workflowsCommon questions
Can you track profitability per client or project?+
Project or client reporting may be configured using customers, projects, classes, tracking categories, or other platform fields after reviewing the reporting goal.
We bill retainers. How do you handle that?+
The bookkeeping treatment is documented based on the contract, reporting basis, and guidance from the client's tax or accounting professional.
Do you work with our invoicing tools?+
QuickBooks and Xero invoicing workflows are supported. Other tools and integrations are reviewed before they are included in scope.
Don't see your exact situation? Ask us directly →