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

We refresh your Premium 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 Premium leadership team.

Premium 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:

Utilization analysis gave us clear insight into profitability.

Mark J, Consulting CFO

Forecasting improved with utilization metrics.

Thomas N, Financial Analyst

Board packs are now investor-ready.

Tina S, Finance Director

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

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Frequently Asked Questions

Are your bookkeepers local to Premium?

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

How does AI help professional services accounting?

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

Do you support IFRS as well as GAAP?

Yes, for global firms.

Do you support WIP reporting?

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

Do you serve law firms?

Yes, including trust accounting and client billing.

Do you serve businesses in Premium?

Yes, we support clients across Premium and surrounding areas.

Do you handle time-based billing reconciliations?

Yes, including hourly, retainer, and milestone billing.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Premium 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 Premium firm scales.