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

We refresh your Loretto 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 Loretto leadership team.

Loretto 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:

AI flagged anomalies in project billing.

Priya M, Data Analyst

CPA oversight improved our audit cycle.

Kevin L, External Auditor

Multi-entity consolidations are seamless.

Brian H, Accounting Manager

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

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Frequently Asked Questions

Are your bookkeepers local to Loretto?

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

Do you provide board-ready packs?

Yes, with WIP schedules and utilization metrics.

How does AI help professional services accounting?

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

Do you support consulting firms?

Yes, with utilization analysis and WIP reports.

Do you prepare project profitability reports?

Yes, by project, client, or practice.

Do you help with client trust accounting?

Yes, for law and consulting firms.

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.

Loretto 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 Loretto firm scales.