You Bill by the Hour. We Make Sure Every Hour Counts.
Attorneys, consultants, architects, and professional service firms face a unique financial challenge: your revenue is invisible until it's billed and collected. We build the financial systems that turn your expertise into a profitable, well-run business.
Why Professional Services need specialized accounting
You bill $250/hour. But after write-downs, slow-pay clients, and unbilled WIP, you're collecting closer to $180. That gap — your realization rate — is the single most important number most professional service firms never track. We build the reporting that makes your realization rate visible — and the systems that improve it.
Professional service firms face financial challenges that general accountants often miss. Work in progress that hasn't been invoiced represents real value sitting on the table. Many firms confuse partner draws with profit. Without clean books and proper entity structure, you can't tell if the business is actually profitable after paying yourself.
Common pain points we solve
What we do for Professional Services
- Monthly bookkeeping & bank reconciliation
- WIP tracking & unbilled revenue reporting
- Billing rate & realization rate analysis
- Project/client profitability reporting
- Partner draw vs. profit clarity
- Staff utilization & overhead allocation
- Trust account setup & compliance (attorneys)
- Quarterly estimated tax planning
- Entity structure review & S-Corp election analysis
- Cash flow forecasting & reserve planning
- Controller Services for growing firms
The metrics we track
- Realization rate — billed revenue divided by collectable revenue, tracked monthly
- WIP days outstanding — optimal is under 14 days
- Partner draw vs. profit — clear separation of owner compensation and business profit
- Project profitability — revenue, costs, and margin by project type or client
- Billable utilization rate — percentage of staff time that's billable
- Tax efficiency savings — dollar amount saved through proper entity structure
Frequently asked questions
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