Time & Billing Accounting for Professional Services
Professional service firms sell time and expertise—but many don't know if they're actually profitable. Our time and billing accounting helps you track utilization, manage WIP, and understand project-level profitability.
From consultants and agencies to architects and engineers, we help you manage client retainers, track unbilled time, and get paid faster for your valuable expertise.
- Time Tracking & Utilization Reporting
- Project-Level Profitability Analysis
- Work-in-Progress (WIP) Tracking
- Client Retainer Management
- Hourly & Fixed Fee Billing Support
- Unbilled Time & Expense Tracking
- Time & Billing System Integration
- Accounts Receivable by Client
- Service Line Profitability
- Professional Services KPIs
Know Your True Utilization & Profitability
Are you billing enough to cover overhead and profit? Our reporting shows you utilization rates, realization (billed vs. worked time), and project profitability. Make informed decisions about rates, staffing, and which services to offer.
Utilization &
Realization
Track billable vs. non-billable time, utilization rates, and realization (billed vs. worked hours). Identify opportunities to improve productivity.
Project
Profitability
Analyze profitability by project, client, and service line. See which projects deliver the best margins and where you're losing money.
WIP & Unbilled
Tracking
Track unbilled time and expenses accurately. Ensure you capture and bill for all work performed. Reduce write-offs and improve cash flow.
Frequently Asked Questions
Utilization is billable hours divided by total available hours. It measures how efficiently you're using your team. Low utilization means you're leaving revenue on the table.
Realization is billed hours divided by worked hours. If you work 10 hours but bill 8, your realization is 80%. We track both to help you improve profitability.
We track client retainers as liabilities, deducting time as it's billed. You always know how much retainer remains and when to request replenishment.
Yes! We integrate with Harvest, Toggl, Clockify, Bill4Time, and other time tracking platforms—automating data flow to your accounting system.
Work-in-Progress (WIP) is unbilled time and expenses. Too much WIP means you're working without getting paid. We help you manage WIP and bill promptly.
We track time against fixed fee projects, compare actual hours to estimated hours, and help you understand true profitability. Use this data to price future fixed fee work.
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