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

We refresh your Hopwood 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 Hopwood leadership team.

Hopwood 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:

AI flagged anomalies in project billing.

Priya M, Data Analyst

Trust accounting is finally clean.

Sarah P, Law Firm CFO

Project profitability reporting is now reliable.

Emily R, Senior Accountant

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

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Frequently Asked Questions

Do you serve law firms?

Yes, including trust accounting and client billing.

Do you reduce audit adjustments?

Yes, with reconciled logs and CPA oversight.

Do you shorten close cycles?

Yes, typically by 4–6 days.

Do you support IFRS as well as GAAP?

Yes, for global firms.

Do you support WIP reporting?

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

How does AI help professional services accounting?

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

Can you manage multi-entity firms?

Yes, with consolidated reporting.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Hopwood 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 Hopwood firm scales.