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

We refresh your Canaan 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 Canaan leadership team.

Canaan 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:

Close cycles shortened by 6 days.

Jason K, Finance Manager

WIP reporting accuracy improved by 45%.

Laura M, Project Controller

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

Do you shorten close cycles?

Yes, typically by 4–6 days.

Do you offer monthly bookkeeping in Canaan?

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

Do you reduce audit adjustments?

Yes, with reconciled logs and CPA oversight.

Do you detect anomalies in WIP?

Yes, AI flags overruns and errors.

How is pricing structured?

Flat monthly retainer based on project volume and complexity.

Do you serve law firms?

Yes, including trust accounting and client billing.

Do you support WIP reporting?

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

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Canaan 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 Canaan firm scales.