The Challenge

This CPA firm worked with law firms, consultants, and creatives and faced:

• Improper Revenue Recognition: Time-based invoicing wasn’t matching revenue periods.
• Blurry Profit Margins: Clients couldn’t see which services were profitable.
• Staff Overload: CPAs spent too much time fixing client bookkeeping.

Our Solution

We created a service-industry-friendly bookkeeping model:

Project-Based Revenue Tracking

• Aligned time-tracking platforms (Harvest, Toggl) with QBO.
• Mapped invoices to correct revenue months.

Expense & Client Profitability

• Created project-level P&Ls to assess margin by client.
• Helped CPA deliver monthly financials + pricing insights.

The Results

After just six months of working with us, the business experienced tangible improvements:

Key Takeaways

• Professional service firms benefit from project-level tracking.
• Better reporting = better pricing and strategy for clients.
• CPA firms scale faster when operational work is outsourced.

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