Solutions for Professional Services Firms

​At Accounts International (AI), we specialize in providing tailored accounting solutions for professional service firms, including legal practices, consulting agencies, marketing firms, and other service-based businesses. We understand the distinct financial management needs of professional service providers, where revenue is often based on billable hours and client projects. Our services are designed to help you streamline your financial operations, maintain compliance, and focus on delivering exceptional services to your clients.

• ​Revenue Recognition and Cash Flow Management:

Managing cash flow is critical, especially when dealing with delayed client payments, retainers, or project-based income. Accurately recognizing revenue based on work completed versus invoiced amounts can be complex and requires careful tracking.

• Time and Expense Tracking:

For many professional service firms, managing time and expenses across multiple clients and projects is crucial to ensuring accurate billing and profitability.

• Tax Planning and Compliance:

Professional service firms must navigate tax complexities, such as managing tax deductions for business expenses, handling payroll taxes, and ensuring compliance with local, state, and federal tax regulations.

• Expense Management:

Keeping overhead costs in check while maintaining operational efficiency is critical to profitability, especially for firms that rely heavily on labor and technology.