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

We refresh your Newfields 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 Newfields leadership team.

Newfields 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:

Project profitability reporting is now reliable.

Emily R, Senior Accountant

Client confidence improved with accurate reports.

Rachel B, Client Services Lead

Our consulting firm improved margins by 8%.

Daniel B, CEO

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

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Frequently Asked Questions

Do you reduce audit adjustments?

Yes, with reconciled logs and CPA oversight.

Are your bookkeepers local to Newfields?

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

Do you help with client trust accounting?

Yes, for law and consulting firms.

Do you support IFRS as well as GAAP?

Yes, for global firms.

How soon can you start in Newfields?

Usually within 2–3 business days.

What’s the typical monthly fee in Newfields?

Most clients pay $150–$350 depending on volume.

How is pricing structured?

Flat monthly retainer based on project volume and complexity.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Newfields 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 Newfields firm scales.