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

We refresh your Merit 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 Merit leadership team.

Merit 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:

Our consulting firm improved margins by 8%.

Daniel B, CEO

Forecasting improved with utilization metrics.

Thomas N, Financial Analyst

Close cycles shortened by 6 days.

Jason K, Finance Manager

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 support IFRS as well as GAAP?

Yes, for global firms.

Do you support consulting firms?

Yes, with utilization analysis and WIP reports.

What’s the average bookkeeping cost in Merit?

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

Do you handle time-based billing reconciliations?

Yes, including hourly, retainer, and milestone billing.

Do you provide CPA-reviewed outputs?

Yes, ensuring compliance and audit readiness.

Do you reduce audit adjustments?

Yes, with reconciled logs and CPA oversight.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Merit 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 Merit firm scales.