Accounting for Newry’s Professional Services Enterprises
Certified India-based team with CPA oversight. WIP reporting, utilization metrics, and project profitability made simple.
Service firms in Newry depend on accurate time-tracking, clean billing cycles, and reliable monthly reporting. Our professional services accounting model helps Newry agencies, consultancies, legal firms, engineering teams, and advisors organize their financials so every hour and engagement is reflected correctly in revenue.
We refresh your Newry 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 Newry leadership team.
Newry 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:
Trust accounting is finally clean.
Sarah P, Law Firm CFO
Audit adjustments dropped 35%.
Robert S, External Auditor
Utilization analysis gave us clear insight into profitability.
Mark J, Consulting CFO
Frequently Asked Questions
Do you provide utilization metrics?
Yes, to track efficiency and resource allocation.
Do you shorten close cycles?
Yes, typically by 4–6 days.
Do you prepare project profitability reports?
Yes, by project, client, or practice.
Do you help with client trust accounting?
Yes, for law and consulting firms.
Do you support IFRS as well as GAAP?
Yes, for global firms.
Do you prepare lender-ready reports?
Yes, for financing and credit.
Do you provide board-ready packs?
Yes, with WIP schedules and utilization metrics.
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Newry 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 Newry firm scales.