Accounting for Falcon’s Professional Services Enterprises
Certified India-based team with CPA oversight. WIP reporting, utilization metrics, and project profitability made simple.
Service firms in Falcon depend on accurate time-tracking, clean billing cycles, and reliable monthly reporting. Our professional services accounting model helps Falcon agencies, consultancies, legal firms, engineering teams, and advisors organize their financials so every hour and engagement is reflected correctly in revenue.
We refresh your Falcon 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 Falcon leadership team.
Falcon 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:
WIP reporting accuracy improved by 45%.
Laura M, Project Controller
Utilization analysis gave us clear insight into profitability.
Mark J, Consulting CFO
Board packs are now investor-ready.
Tina S, Finance Director
Frequently Asked Questions
What’s the average bookkeeping cost in Falcon?
Most clients pay $150–$350 per month depending on volume and complexity.
Do you handle marketing agencies?
Yes, including project billing and profitability reports.
Do you reduce audit adjustments?
Yes, with reconciled logs and CPA oversight.
Do you support IFRS as well as GAAP?
Yes, for global firms.
Do you prepare lender-ready reports?
Yes, for financing and credit.
Do you integrate with time-tracking systems?
Yes, Harvest, Toggl, and ERP systems.
Do you detect anomalies in WIP?
Yes, AI flags overruns and errors.
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Falcon 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 Falcon firm scales.