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

We refresh your Beacon 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 Beacon leadership team.

Beacon 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

We finally have clarity in project profitability.

James M, CEO

Board packs are now investor-ready.

Tina S, Finance Director

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.

How does AI help professional services accounting?

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

How fast can you start in Beacon?

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 integrate with time-tracking systems?

Yes, Harvest, Toggl, and ERP systems.

Do you detect anomalies in WIP?

Yes, AI flags overruns and errors.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Beacon 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 Beacon firm scales.