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

We refresh your Stephens 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 Stephens leadership team.

Stephens 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:

Client billing reconciliations are accurate.

Jennifer F, Billing Supervisor

WIP reporting accuracy improved by 45%.

Laura M, Project Controller

Our consulting firm improved margins by 8%.

Daniel B, CEO

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

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Frequently Asked Questions

Do you support IFRS as well as GAAP?

Yes, for global firms.

Do you detect anomalies in WIP?

Yes, AI flags overruns and errors.

Can you manage multi-entity firms?

Yes, with consolidated reporting.

Do you handle marketing agencies?

Yes, including project billing and profitability reports.

How does AI help professional services accounting?

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

Do you shorten close cycles?

Yes, typically by 4–6 days.

What’s the average bookkeeping cost in Stephens?

Most clients pay $150–$350 per month depending on volume and complexity.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Stephens 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 Stephens firm scales.