Accounting for Magnet’s Professional Services Enterprises
Certified India-based team with CPA oversight. WIP reporting, utilization metrics, and project profitability made simple.
Service firms in Magnet depend on accurate time-tracking, clean billing cycles, and reliable monthly reporting. Our professional services accounting model helps Magnet agencies, consultancies, legal firms, engineering teams, and advisors organize their financials so every hour and engagement is reflected correctly in revenue.
We refresh your Magnet 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 Magnet leadership team.
Magnet 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
Project profitability reporting is now reliable.
Emily R, Senior Accountant
Close cycles shortened by 6 days.
Jason K, Finance Manager
Frequently Asked Questions
Do you prepare lender-ready reports?
Yes, for financing and credit.
Do you prepare project profitability reports?
Yes, by project, client, or practice.
Do you scale with project volume?
Yes, during peak client demand.
Do you handle marketing agencies?
Yes, including project billing and profitability reports.
What’s the typical monthly fee in Magnet?
Most clients pay $150–$350 depending on volume.
Do you reduce audit adjustments?
Yes, with reconciled logs and CPA oversight.
Do you serve businesses in Magnet?
Yes, we support clients across Magnet and surrounding areas.
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Magnet 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 Magnet firm scales.