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

We refresh your Drake 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 Drake leadership team.

Drake 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:

Client billing reconciliations are accurate.

Jennifer F, Billing Supervisor

Our board trusts the new financial packs.

Karen J, Audit Partner

Law firm trust accounts are error-free.

Michelle D, Trust Accountant

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

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Frequently Asked Questions

Are your bookkeepers local to Drake?

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

Do you work with CPAs in North Dakota?

Yes, we deliver reports that integrate directly with CPA tax software.

Do you handle time-based billing reconciliations?

Yes, including hourly, retainer, and milestone billing.

Do you offer monthly bookkeeping in Drake?

Yes, flat-fee monthly plans with weekly reconciliations and month-end close for Drake clients.

Do you support IFRS as well as GAAP?

Yes, for global firms.

Do you provide utilization metrics?

Yes, to track efficiency and resource allocation.

How does AI help professional services accounting?

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

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Drake 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 Drake firm scales.