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

We refresh your Ferrum 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 Ferrum leadership team.

Ferrum 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:

Variance narratives save us hours each month.

Olivia T, Financial Reporting Lead

We scaled during busy seasons without hiring.

David L, Operations Manager

Client billing reconciliations are accurate.

Jennifer F, Billing Supervisor

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

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Frequently Asked Questions

How fast can you start in Ferrum?

Most accounts go live within 2–3 business days after onboarding.

What’s the average bookkeeping cost in Ferrum?

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

Can you manage multi-entity firms?

Yes, with consolidated reporting.

Do you support WIP reporting?

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

Do you reduce audit adjustments?

Yes, with reconciled logs and CPA oversight.

Do you support IFRS as well as GAAP?

Yes, for global firms.

How soon can you start in Ferrum?

Usually within 2–3 business days.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Ferrum 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 Ferrum firm scales.