Professional Services
Keep client work, billing, receivables, and reporting connected.
Bring statements of work, delivery evidence, time and expense, billing milestones, receivables, and revenue-recognition inputs into one coordinated finance workflow.
Illustrative workflow
Engagement record
Statement of work · v2
- Service periodDefined
- Delivery evidenceRetained
- Billing conditionPer milestone
- Required approvalNamed partner
Time + expense
Retained per period
Billing milestone
Invoice-ready
Receivable
Open on aging
Recognition inputs
Reviewer engaged
Management reporting
One reviewed pack. Recipient extracts follow.
Contract and delivery context
Keep contract terms, billing milestones, and delivery records together.
Condition
Engagement terms
Signed statement of work
Condition
Service period
Defined start and end
Condition
Delivery evidence
Retained per milestone
Condition
Billing condition
Tied to milestone
Condition
Required approval
Named partner or lead
Condition
Supporting record
Attached and preserved
Institution does not conduct legal contract review. Legal positions remain with counsel.
Billing and receivables workspace
The path from delivery to collection to recognition.
Stage 01
Milestone reached
State
Stage 02
Evidence ready
State
Stage 03
Invoice approved
State
Stage 04
Receivable open
State
Stage 05
Follow-up
State
Stage 06
Collection applied
State
Stage 07
Recognition review
State
Revenue-recognition inputs
A question that requires professional accounting review.
Institution prepares the inputs. A licensed accounting professional determines the technical position.
Current facts
Milestone-based engagement, extended service period, partial delivery evidence.
- Supporting evidence
- Retained per milestone
- Policy question
- Timing of recognition
- Reviewer
- Licensed accounting professional
- Conclusion
- In review
Review activity
- Institution prepared inputsOpened
- Reviewer received evidence packetShared
- Client · Finance lead clarified milestone timingDiscussion
- Institution will retain review recordOn conclusion
Management reporting
Engagement status, billing, receivables, delivery, and commentary in one pack.
Engagement status
Active with milestone in progress
Billing status
Invoice issued and receivable open
Receivables
Follow-up on standing cadence
Delivery evidence
Retained per milestone
Reporting commentary
Reviewed with the pack
Records retained
Continuity across engagement cycles.
RECORD 01
Engagement financial record
Terms, billing, evidence
RECORD 02
Billing milestone schedule
Per-engagement cadence
RECORD 03
Expense-support checklist
Retained per period
RECORD 04
Receivables review
Aging and follow-up
RECORD 05
Management reporting pack
Reviewed monthly
Connected services
Coverage across the engagement lifecycle.
Bookkeeping & Close
- Input
- Engagement records
- Handoff
- Reconciliation + review
- Output
- Reviewed close
Review the close workspace
Accounts Receivable
- Input
- Invoice cadence
- Handoff
- Follow-up + disputes
- Output
- Cash record
See receivables cadence
Payroll Coordination
- Input
- Provider journal
- Handoff
- Reconciliation
- Output
- Ledger entry
See payroll coordination
Financial Reporting
- Input
- Reviewed close
- Handoff
- Engagement commentary
- Output
- Reporting pack
Understand the reporting pack
Controller Support
- Input
- Reviewed close
- Handoff
- Standing agenda
- Output
- Sign-off record
See controller review
CFO Advisory
- Input
- Reviewed record
- Handoff
- Scenario framing
- Output
- Decision context
Explore advisory context
Tax Coordination
- Input
- Reconciled ledger
- Handoff
- Evidence handoff
- Output
- Preparer packet
Follow the tax path
Questions from professional-services leaders.
Selected question
How is the engagement record structured?
Terms, service period, billing conditions, and required approvals live on the engagement record with linked supporting evidence.
Selected question
How are time and expense captured?
Time and expense route to the engagement with supporting evidence, retained, and reconciled at close.
Selected question
How do billing milestones become invoices?
A milestone with retained delivery evidence becomes invoice-ready. Without evidence, an invoice does not become receivable.
Selected question
How are receivables followed up?
Follow-up happens on an agreed schedule with clear dispute and escalation steps. Write-offs require explicit review.
Selected question
How are revenue-recognition inputs handled?
Institution prepares the inputs: engagement structure, delivery evidence, and timing. A licensed accounting professional determines the technical position.
Selected question
What does partner and management reporting include?
Reviewed statements plus engagement-level context. Recipient-specific extracts come from the same reviewed pack, not parallel spreadsheets.
Selected question
Does this work for consultants and single-owner LLCs?
Scope the books around invoices, retainers, owner transactions, subcontractors and reimbursable expenses. An LLC's legal form alone does not determine its tax filing. Confirm classification and any personal-return or payroll work with the tax professional.
Selected question
Which plan fits a consulting or professional-services firm?
Tax Desk is for businesses maintaining their own books. Finance Desk adds a dedicated bookkeeper and monthly statements at $299/month or $2,799/year, plus state fees. Accrual work, complex projects, partner allocations or multiple entities may need a broader scope.
Selected question
What records help measure engagement profitability?
Use signed terms, service periods, invoices, time records, subcontractor costs and expense detail with consistent engagement tags. Agree how shared labor, overhead and write-offs are allocated; revenue alone cannot show project margin.