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:

Utilization analysis gave us clear insight into profitability.

Mark J, Consulting CFO

Law firm trust accounts are error-free.

Michelle D, Trust Accountant

We finally have clarity in project profitability.

James M, CEO

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

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Frequently Asked Questions

How does AI help professional services accounting?

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

Do you serve law firms?

Yes, including trust accounting and client billing.

Do you prepare lender-ready reports?

Yes, for financing and credit.

Do you offer monthly bookkeeping in Diamond?

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

Do you serve businesses in Diamond?

Yes, we support clients across Diamond and surrounding areas.

Do you support consulting firms?

Yes, with utilization analysis and WIP reports.

Do you offer virtual meetings for Diamond clients?

Yes, Zoom and Teams available for monthly reviews.

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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.