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

We refresh your Plum 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 Plum leadership team.

Plum 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

CPA oversight improved our audit cycle.

Kevin L, External Auditor

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

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Frequently Asked Questions

Do you help with client trust accounting?

Yes, for law and consulting firms.

What’s the average bookkeeping cost in Plum?

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

Do you prepare project profitability reports?

Yes, by project, client, or practice.

Do you offer virtual meetings for Plum clients?

Yes, Zoom and Teams available for monthly reviews.

Do you serve law firms?

Yes, including trust accounting and client billing.

How soon can you start in Plum?

Usually within 2–3 business days.

Do you support WIP reporting?

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

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Plum 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 Plum firm scales.