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

We refresh your Diamond 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 Diamond leadership team.

Diamond 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:

We scaled during busy seasons without hiring.

David L, Operations Manager

Forecasting improved with utilization metrics.

Thomas N, Financial Analyst

Audit adjustments dropped 35%.

Robert S, External Auditor

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

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Frequently Asked Questions

Do you provide utilization metrics?

Yes, to track efficiency and resource allocation.

Do you handle time-based billing reconciliations?

Yes, including hourly, retainer, and milestone billing.

Are your bookkeepers local to Diamond?

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

Do you provide CPA-reviewed outputs?

Yes, ensuring compliance and audit readiness.

Can you manage multi-entity firms?

Yes, with consolidated reporting.

Do you support IFRS as well as GAAP?

Yes, for global firms.

Do you offer monthly bookkeeping in Diamond?

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

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Diamond 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 Diamond firm scales.