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

We refresh your Northwood 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 Northwood leadership team.

Northwood 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:

Forecasting improved with utilization metrics.

Thomas N, Financial Analyst

WIP reporting accuracy improved by 45%.

Laura M, Project Controller

Trust accounting is finally clean.

Sarah P, Law Firm CFO

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

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Frequently Asked Questions

Do you support IFRS as well as GAAP?

Yes, for global firms.

Do you support consulting firms?

Yes, with utilization analysis and WIP reports.

Do you shorten close cycles?

Yes, typically by 4–6 days.

What’s the typical monthly fee in Northwood?

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

Do you integrate with time-tracking systems?

Yes, Harvest, Toggl, and ERP systems.

How is pricing structured?

Flat monthly retainer based on project volume and complexity.

Are your bookkeepers local to Northwood?

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

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Northwood 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 Northwood firm scales.