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

We refresh your Canvas 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 Canvas leadership team.

Canvas 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:

Audit adjustments dropped 35%.

Robert S, External Auditor

Utilization analysis gave us clear insight into profitability.

Mark J, Consulting CFO

Project profitability reporting is now reliable.

Emily R, Senior Accountant

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

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Frequently Asked Questions

Do you support consulting firms?

Yes, with utilization analysis and WIP reports.

Can you manage multi-entity firms?

Yes, with consolidated reporting.

Do you prepare lender-ready reports?

Yes, for financing and credit.

Do you provide board-ready packs?

Yes, with WIP schedules and utilization metrics.

Do you prepare project profitability reports?

Yes, by project, client, or practice.

Do you offer virtual meetings for Canvas clients?

Yes, Zoom and Teams available for monthly reviews.

Do you handle time-based billing reconciliations?

Yes, including hourly, retainer, and milestone billing.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Canvas 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 Canvas firm scales.