An outsourced finance team for consulting firms, agencies and other professional services businesses. Clean monthly financials and receivables on every package, with project margins and pricing help on our CFO packages.
A sample firm with made-up numbers. Move the sliders to match yours.
In a services firm, the product is your team's time. Revenue depends on how much of it gets billed, at what rate, and whether projects stay inside their budgets. A standard P&L shows the total and hides the parts.
Deposits arrive before the work is done. Fixed-fee projects run over. One client quietly eats a third of the team's hours. By the time it shows up in the bank balance, it's months old.
We set up your books so revenue is recorded when the work is done. On our CFO packages, we add margins by project and client, so you can see which work pays.
Every package includes clean books, monthly financials and your portal. The deeper firm metrics come with our CFO packages, and utilization pulled from your time tracking software is part of custom reporting.
Custom reporting: How much of your team's available time turns into billed work, pulled from your time tracking software.
CFO packages: Revenue and team cost by project, so you know which work to chase and which to reprice.
Every package: Money paid in advance tracked as work you owe until it's earned, so revenue isn't overstated.
Every package: Who owes what and for how long, so follow-up happens before cash gets tight.
Every package: Where the revenue really comes from, and how much depends on a few clients.
CFO packages: We help you set rates, plan the next hire and forecast cash with your own numbers.
Bank accounts reconciled, reviewed and closed by the 10th.
Deposits and retainers moved to revenue as the work gets done.
Receivables, revenue by client and cash, compared with last month. On CFO packages, project margins too.
Your portal updates with the month's numbers and a note on what changed.
Click through a made-up fixed-fee project, from the deposit to the final invoice.
Yes, on our CFO packages, as long as costs are captured by project or client in your books. If you want time pulled live from your time tracking tool, that's part of our custom reporting.
They're recorded as work you owe the client and moved to revenue as it's earned, so your P&L shows what you actually earned each month.
Most firms track time in a separate tool. On every package, we keep your billing and your books in QuickBooks Online in agreement. Bringing time tracking data into your reporting is part of our custom reporting.
On a CFO package, yes. We look at what each type of work really costs to deliver and help you set rates and fixed fees that hold their margin.
Professional services firms use the same flat monthly packages as every other client, priced by the work involved, not by the hour. Every package includes clean books, monthly financials and your portal. Project margins, pricing help and forecasting come with our CFO packages.
Start with a free conversation. We'll learn about your business, walk you through what makes sense for your situation, and give you a clear picture of what working together would look like.
