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

We refresh your Ivy 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 Ivy leadership team.

Ivy 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:

WIP reporting accuracy improved by 45%.

Laura M, Project Controller

Cash flow management is stronger now.

Angela M, CFO

AI flagged anomalies in project billing.

Priya M, Data Analyst

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

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Frequently Asked Questions

Do you provide utilization metrics?

Yes, to track efficiency and resource allocation.

How does AI help professional services accounting?

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

Do you prepare project profitability reports?

Yes, by project, client, or practice.

Do you support WIP reporting?

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

Can you manage multi-entity firms?

Yes, with consolidated reporting.

Do you help with client trust accounting?

Yes, for law and consulting firms.

Do you provide CPA-reviewed outputs?

Yes, ensuring compliance and audit readiness.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Ivy 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 Ivy firm scales.