You Focus on Your Clients.
We'll Handle the Books.
Your clients, projects and deadlines already keep your team busy. BOOKKEEPINGILM provides professional bookkeeping, payroll and financial operations support for consulting firms, agencies and professional service businesses around the world.
✓ Built around projects, people and profitability
Your People Are Your Product. Your Financials Need to Keep Up.
Professional service businesses depend on people, projects, billable time and client relationships. Whether you charge hourly rates, fixed project fees, retainers or a combination of models, accurate financial information is essential for understanding profitability and cash flow.
Accurate Financial Statements
Keep your income statement, balance sheet and cash flow information organized and current.
Project Profitability
Understand how revenue, labor and project expenses affect the profitability of your work.
Better Billing Visibility
Keep client billing and receivables organized so outstanding invoices do not get overlooked.
More Time for Clients
Reduce financial administration so your team can focus on delivering excellent client work.
Your Business Model Creates Unique Financial Challenges
Professional services firms often manage multiple projects, employees, billing structures and client payment cycles at the same time.
Billable Time
Tracking time accurately helps you understand utilization, project costs and billable revenue.
Project Costs
Labor and project expenses can quickly affect profitability when they are not monitored closely.
Client Billing
Timely and accurate billing plays an important role in maintaining healthy cash flow.
Cash Collection
Slow-paying clients can create unnecessary pressure on working capital and operations.
Complete Bookkeeping Support for Professional Services Firms
BOOKKEEPINGILM helps manage the financial back office so your team can spend more time serving clients and growing the business.
Monthly Bookkeeping
Maintain accurate books with transaction categorization, reconciliations and monthly financial reporting.
Payroll Support
Keep employee payroll information and related financial records organized as your team grows.
Accounts Payable
Organize vendor invoices, expenses and outgoing payments so your obligations remain under control.
Accounts Receivable
Keep customer invoices, receivables and collection information organized.
Financial Reporting
Receive useful financial reports that help you understand revenue, expenses and profitability.
Catch-Up Bookkeeping
Bring overdue records up to date and establish a cleaner ongoing bookkeeping process.
Billing Support
Improve the organization of project billing, client invoices and outstanding receivables.
Project Accounting
Organize project-related financial information to support better profitability analysis.
Know Which Projects Are Driving Your Business
A professional services firm can be busy and still struggle with profitability. Understanding project revenue, labor costs, expenses and billing gives you a better view of where your business is creating value.
Track Project Revenue
Understand revenue generated by individual clients, projects or service lines.
Monitor Project Costs
Keep labor and other project-related costs visible throughout the project lifecycle.
Compare Budget vs. Actual
Identify where actual project performance differs from the original expectations.
Improve Future Pricing
Better historical financial information can help inform future pricing and project planning.
Time Is One of Your Most Valuable Business Assets
When people are your product, accurate time information becomes an important part of understanding business performance.
Track Billable Hours
Organize billable and non-billable time to improve visibility into team utilization.
Understand Labor Costs
Connect employee time with project economics to better understand the true cost of delivering work.
Improve Project Decisions
Use time and cost information to identify projects that need attention.
Get Paid for the Work You Already Delivered
Strong client relationships are important, but strong collections processes are important too. We help organize billing and receivable workflows so outstanding invoices receive the attention they need.
Financial Support Across Professional Service Industries
Different professional services businesses have different workflows. Our financial support can be structured around your business model.
Architecture Firms
Support project accounting, employee costs, billing and financial reporting while your team focuses on design and clients.
Engineering Consultancies
Maintain visibility into project costs, billable time, client billing and cash flow.
Marketing & Creative Agencies
Organize client projects, team costs, expenses, billing and financial reporting.
Consulting Firms
Keep project profitability, time tracking, billing and financial information organized.
Advisory Firms
Gain clearer visibility into revenue, operating costs, team expenses and business performance.
Other Professional Services
Build a bookkeeping and financial workflow that fits the way your service business operates.
Know Where Your Firm Stands Financially
Accurate reporting gives business owners and leadership teams the information they need to evaluate performance and make informed decisions.
Profit & Loss Statements
Review revenue, operating expenses and profitability.
Balance Sheet
Understand your company's financial position.
Cash Flow Information
Monitor cash coming into and moving out of the business.
Management Reporting
Use customized information to support operational decisions.
One Financial Partner for the Work Behind Your Work
Instead of coordinating multiple financial functions, professional services firms can centralize important back-office responsibilities with one dedicated team.
Bookkeeping
Accurate transaction management and reconciliations.
Payroll
Organized employee payroll support and records.
Accounts Payable
Vendor bills, expenses and payment organization.
Accounts Receivable
Client invoices and outstanding receivables tracking.
Built for Professional Service Businesses Around the World
BOOKKEEPINGILM is positioned to support professional services businesses across global markets with flexible bookkeeping and financial operations support.
Growing Firms
Build organized financial processes as your team, clients and project volume increase.
Multi-Project Businesses
Maintain visibility across different clients, projects, teams and revenue streams.
Remote & Distributed Teams
Use digital workflows to keep financial operations organized across locations.
International Businesses
Build a financial workflow designed around your operational structure and relevant local requirements.
Agencies & Consultancies
Track projects, billing, expenses and profitability with greater clarity.
Professional Partnerships
Reduce financial administration so partners can focus on clients, delivery and business development.
Your Clients Trust You. Your Financial Data Deserves the Same Care.
Professional service businesses manage sensitive client, employee and financial information. We use organized digital workflows and responsible data-handling practices to support secure financial operations.
Organized Cloud Workflows
Keep financial documents and information organized through digital processes.
Controlled Access
Financial information should be accessible to the right people within your organization.
Confidential Handling
Business, employee and financial information should be handled responsibly.
Spend More Time Serving Clients. Less Time Managing Books.
Your expertise creates value for clients. Bookkeeping should support your business, not consume the time you could spend delivering that value.
Managing Everything In-House
Financial administration can become a major distraction as your professional services firm grows.
Working With BOOKKEEPINGILM
Get professional financial support while keeping your internal team focused on clients, projects and growth.
Having a reliable bookkeeping process has allowed our team to spend less time worrying about financial administration and more time focusing on our clients and business growth.— Professional Services Business Owner
Professional Services Bookkeeping FAQs
Common questions from consulting firms, agencies and other professional service businesses.
Ready to Simplify Your Professional Services Bookkeeping?
Spend less time managing financial administration and more time delivering excellent work to your clients. BOOKKEEPINGILM can help organize your bookkeeping, payroll, billing and financial reporting.