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

We refresh your Libby 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 Libby leadership team.

Libby 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

Client confidence improved with accurate reports.

Rachel B, Client Services Lead

We finally have clarity in project profitability.

James M, CEO

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

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Frequently Asked Questions

Do you scale with project volume?

Yes, during peak client demand.

Are your bookkeepers local to Libby?

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

Do you provide CPA-reviewed outputs?

Yes, ensuring compliance and audit readiness.

Do you offer virtual meetings for Libby clients?

Yes, Zoom and Teams available for monthly reviews.

Do you help with client trust accounting?

Yes, for law and consulting firms.

Do you shorten close cycles?

Yes, typically by 4–6 days.

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.

Libby 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 Libby firm scales.