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

We refresh your Magna 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 Magna leadership team.

Magna 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:

We scaled during busy seasons without hiring.

David L, Operations Manager

Trust accounting is finally clean.

Sarah P, Law Firm CFO

Board packs are now investor-ready.

Tina S, Finance Director

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

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Frequently Asked Questions

Do you prepare lender-ready reports?

Yes, for financing and credit.

What’s the average bookkeeping cost in Magna?

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

Do you help with client trust accounting?

Yes, for law and consulting firms.

Are your bookkeepers local to Magna?

Our team operates remotely but assigns a dedicated manager in your time zone.

Do you prepare project profitability reports?

Yes, by project, client, or practice.

Do you handle time-based billing reconciliations?

Yes, including hourly, retainer, and milestone billing.

How does AI help professional services accounting?

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

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Magna 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 Magna firm scales.