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:

We finally have clarity in project profitability.

James M, CEO

Our consulting firm improved margins by 8%.

Daniel B, CEO

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 integrate with time-tracking systems?

Yes, Harvest, Toggl, and ERP systems.

Do you help with client trust accounting?

Yes, for law and consulting firms.

What’s the average bookkeeping cost in Northwood?

Most clients pay $150–$350 per month depending on volume and complexity.

Do you support consulting firms?

Yes, with utilization analysis and WIP reports.

Do you provide utilization metrics?

Yes, to track efficiency and resource allocation.

How is pricing structured?

Flat monthly retainer based on project volume and complexity.

Do you support WIP reporting?

Yes, including reconciliation of time, expenses, and progress.

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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.