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

We refresh your Lily 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 Lily leadership team.

Lily 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:

Trust accounting is finally clean.

Sarah P, Law Firm CFO

Client billing reconciliations are accurate.

Jennifer F, Billing Supervisor

We finally have clarity in project profitability.

James M, CEO

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

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Frequently Asked Questions

Do you support WIP reporting?

Yes, including reconciliation of time, expenses, and progress.

Do you handle marketing agencies?

Yes, including project billing and profitability reports.

Do you help with client trust accounting?

Yes, for law and consulting firms.

Do you provide CPA-reviewed outputs?

Yes, ensuring compliance and audit readiness.

Do you scale with project volume?

Yes, during peak client demand.

How is pricing structured?

Flat monthly retainer based on project volume and complexity.

Do you provide utilization metrics?

Yes, to track efficiency and resource allocation.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Lily 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 Lily firm scales.