Professional accounting for firms
Accounting for Professional Services

Where Firm Numbers Finally Make Sense

Monthly accounting support shaped around how consulting, engineering, and advisory practices actually operate — from time-based billing to partner distributions.

What We Deliver

Financial visibility built for how your firm works

Most accountants approach professional services practices as if they were product businesses. The economics are different: project cycles, WIP recognition, utilization, write-downs, partner allocations. We work in this space specifically.

Engagement-Aware Books

Financial records that reflect what's billed, what's collected, and what remains in progress — structured around your client engagements, not just transaction dates.

Meaningful Monthly Reports

Reports covering utilization rates, revenue per professional, and engagement margins — numbers that help partners make decisions, not just satisfy compliance.

Partner Distribution Support

Compensation models and distribution calculations that align with how your partnership is structured — covering points-based, eat-what-you-kill, and hybrid arrangements.

Core Capabilities

Designed for firms with five to fifty professionals

Work-in-Progress Accounting

WIP tracked across all open engagements, with recognition tied to deliverable milestones or time recorded — not just invoice dates.

Utilization & Realization Tracking

Monthly utilization and realization rates by professional, so partners can see staff productivity and billing efficiency without digging through timesheets.

Time-Based Billing Support

Alignment between time records and financial statements, reducing write-down exposure and keeping invoices accurate before they go out the door.

Quarterly Profitability Reports

Engagement-level analysis identifying where margin is made or lost across your client portfolio — with visual breakdowns by client or engagement type.

Getting Started

A clear path to working together

01

Initial Conversation

We start by understanding how your firm bills, recognizes revenue, and structures partner compensation. No forms — just a focused conversation about your practice.

02

Setup & Configuration

We configure your accounting structure to reflect how your firm actually operates — mapping engagement types, billing rates, and allocation rules to your existing systems.

03

Ongoing Support

Monthly reports, quarterly analysis, and an accountant who understands your sector — someone you can call when you need to think through a pricing or allocation question.

Our Focus in Numbers

Reflecting years of specialized work

8+
Years focused on professional services
40+
Active firm engagements
500+
Monthly reports delivered
3
Service areas, all purpose-built

"Having an accountant who already understands WIP and partner allocations means our conversations focus on decisions — not on explaining how a professional services firm works."

— Managing Partner, Infrastructure Advisory Practice
Services

Three ways we support your practice

Professional Services Firm Accounting
Monthly Service

Firm Accounting

Complete financial management for professional services practices — time-based billing, WIP tracking, partner distributions, and monthly performance reports.

$750 / month Learn More
Engagement Profitability Analysis
Quarterly Service

Profitability Analysis

Engagement-level analysis comparing billed and collected revenue against costs — identifying high and low-margin engagements and patterns in scope creep or write-downs.

$550 / quarter Learn More
Partner Compensation Modeling
Annual + Support

Compensation Modeling

Custom partner compensation models for points-based, eat-what-you-kill, or hybrid structures — with annual modeling sessions and mid-year sensitivity checks.

$1,300 Learn More
Take the Next Step

A conversation costs nothing

If your firm's financial picture feels unclear — or your current accountant doesn't quite understand how professional services firms work — we're happy to talk through what a better arrangement might look like.

Get in Touch
Contact

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Company

Brindlecroft

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