Accounting for Walnut’s Professional Services Enterprises

Certified India-based team with CPA oversight. WIP reporting, utilization metrics, and project profitability made simple.

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Service firms in Walnut depend on accurate time-tracking, clean billing cycles, and reliable monthly reporting. Our professional services accounting model helps Walnut agencies, consultancies, legal firms, engineering teams, and advisors organize their financials so every hour and engagement is reflected correctly in revenue.

We refresh your Walnut accounting workflow by structuring billable vs. non-billable categories, integrating time-tracking or CRM tools, aligning project/retainer billing, and organizing reimbursable expenses. This improves margin accuracy, clarifies utilization rates, and creates a smoother monthly close for your Walnut leadership team.

Walnut is a hub for consulting firms, legal practices, and financial services firms.

Client Reviews

We support business owners across the country with reliable, remote bookkeeping. Here’s what a few of them say:

Variance narratives save us hours each month.

Olivia T, Financial Reporting Lead

Our consulting firm improved margins by 8%.

Daniel B, CEO

WIP reporting accuracy improved by 45%.

Laura M, Project Controller

Trusted by thousands of businesses, see what our customers say.

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Frequently Asked Questions

How does AI help professional services accounting?

By detecting project overruns, categorizing expenses, and writing variance narratives.

Do you support consulting firms?

Yes, with utilization analysis and WIP reports.

Do you work with CPAs in California?

Yes, we deliver reports that integrate directly with CPA tax software.

How fast can you start in Walnut?

Most accounts go live within 2–3 business days after onboarding.

Can you manage multi-entity firms?

Yes, with consolidated reporting.

Do you offer monthly bookkeeping in Walnut?

Yes, flat-fee monthly plans with weekly reconciliations and month-end close for Walnut clients.

Are your bookkeepers local to Walnut?

Our team operates remotely but assigns a dedicated manager in your time zone.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Walnut service firms often connect this model with AR Outsourcing for consistent billing, Controller/CFO Services for budgeting and staff utilization analysis, and Outsourced Accounting for daily operational support. Firms with multiple practice areas use Multi-Entity Consolidation, while those managing retainers or subscription-like contracts integrate ASC 606. Payroll Processing and Sales Tax Compliance also become essential as your Walnut firm scales.