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

We refresh your Ironwood 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 Ironwood leadership team.

Ironwood 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 confidence improved with accurate reports.

Rachel B, Client Services Lead

Project profitability reporting is now reliable.

Emily R, Senior Accountant

Variance narratives save us hours each month.

Olivia T, Financial Reporting Lead

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

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Frequently Asked Questions

Do you serve law firms?

Yes, including trust accounting and client billing.

Do you support IFRS as well as GAAP?

Yes, for global firms.

Can you manage multi-entity firms?

Yes, with consolidated reporting.

Do you offer monthly bookkeeping in Ironwood?

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

Do you scale with project volume?

Yes, during peak client demand.

Do you provide board-ready packs?

Yes, with WIP schedules and utilization metrics.

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.

Ironwood 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 Ironwood firm scales.