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

We refresh your Forbes 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 Forbes leadership team.

Forbes 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 billing reconciliations are accurate.

Jennifer F, Billing Supervisor

Our board trusts the new financial packs.

Karen J, Audit Partner

Close cycles shortened by 6 days.

Jason K, Finance Manager

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

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Frequently Asked Questions

Do you support IFRS as well as GAAP?

Yes, for global firms.

Are your bookkeepers local to Forbes?

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

Do you shorten close cycles?

Yes, typically by 4–6 days.

How does AI help professional services accounting?

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

Do you handle time-based billing reconciliations?

Yes, including hourly, retainer, and milestone billing.

Do you scale with project volume?

Yes, during peak client demand.

Do you help with client trust accounting?

Yes, for law and consulting firms.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Forbes 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 Forbes firm scales.