Accounting for Drain’s Professional Services Enterprises
Certified India-based team with CPA oversight. WIP reporting, utilization metrics, and project profitability made simple.
Service firms in Drain depend on accurate time-tracking, clean billing cycles, and reliable monthly reporting. Our professional services accounting model helps Drain agencies, consultancies, legal firms, engineering teams, and advisors organize their financials so every hour and engagement is reflected correctly in revenue.
We refresh your Drain 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 Drain leadership team.
Drain 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:
Audit adjustments dropped 35%.
Robert S, External Auditor
Our board trusts the new financial packs.
Karen J, Audit Partner
Utilization analysis gave us clear insight into profitability.
Mark J, Consulting CFO
Frequently Asked Questions
Do you support IFRS as well as GAAP?
Yes, for global firms.
Do you reduce audit adjustments?
Yes, with reconciled logs and CPA oversight.
Do you handle marketing agencies?
Yes, including project billing and profitability reports.
Can you manage multi-entity firms?
Yes, with consolidated reporting.
Do you provide CPA-reviewed outputs?
Yes, ensuring compliance and audit readiness.
Do you prepare lender-ready reports?
Yes, for financing and credit.
How is pricing structured?
Flat monthly retainer based on project volume and complexity.
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Drain 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 Drain firm scales.