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

We refresh your Novelty 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 Novelty leadership team.

Novelty 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:

Variance narratives save us hours each month.

Olivia T, Financial Reporting Lead

Client billing reconciliations are accurate.

Jennifer F, Billing Supervisor

Utilization analysis gave us clear insight into profitability.

Mark J, Consulting CFO

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

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Frequently Asked Questions

Do you prepare lender-ready reports?

Yes, for financing and credit.

Do you handle time-based billing reconciliations?

Yes, including hourly, retainer, and milestone billing.

Do you prepare project profitability reports?

Yes, by project, client, or practice.

Do you work with CPAs in Missouri?

Yes, we deliver reports that integrate directly with CPA tax software.

How is pricing structured?

Flat monthly retainer based on project volume and complexity.

Do you support WIP reporting?

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

Do you reduce audit adjustments?

Yes, with reconciled logs and CPA oversight.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Novelty 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 Novelty firm scales.