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

We refresh your Freedom 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 Freedom leadership team.

Freedom 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:

Audit adjustments dropped 35%.

Robert S, External Auditor

Multi-entity consolidations are seamless.

Brian H, Accounting Manager

Our board trusts the new financial packs.

Karen J, Audit Partner

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

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Frequently Asked Questions

How does AI help professional services accounting?

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

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 support consulting firms?

Yes, with utilization analysis and WIP reports.

How fast can you start in Freedom?

Most accounts go live within 2–3 business days after onboarding.

How is pricing structured?

Flat monthly retainer based on project volume and complexity.

Do you prepare project profitability reports?

Yes, by project, client, or practice.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Freedom 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 Freedom firm scales.