Industry-Specific Challenges
Professional service firms face financial complexities that generic accounting cannot address.
Complex Billing Structures
Hourly billing, retainers, contingency fees, and hybrid arrangements require sophisticated tracking.
Work-in-Progress Management
Unbilled time and realization rates directly impact profitability but are hard to track.
Partner Compensation
Allocating income among partners fairly and transparently is both critical and complex.
Client Trust Accounting
Regulatory requirements for client funds demand meticulous record-keeping and compliance.
Revenue Recognition
When and how to recognize revenue from long-term engagements requires careful judgment.
Profitability by Matter
Understanding which clients and matters are truly profitable drives better decisions.
Our Approach for Professional Services
We combine deep understanding of professional services with proven financial expertise to deliver solutions that actually work for your firm.
- Specialized accounting that understands professional services
- WIP tracking and realization reporting
- Partner compensation modeling and administration
- Trust account management and compliance
- Matter-level profitability analysis
- Integration with practice management systems
Recommended Services
Services tailored to the needs of professional service firms.
Accounting & Financial Oversight
Complete financial management tailored to professional services.
Process Improvement
Optimize billing, collections, and financial workflows.
Financial Integrity Review
Ensure compliance and control over trust accounts.
Cost Optimization
Improve firm profitability through strategic cost management.