Offshore Support for a CPA Serving Professional Services Firms

Industry

CPA Firm (Professional Services Niche)

Services Provided

Time-Based Revenue Tracking, Expense Categorization, Client P&L Reporting

Location

Chicago, Illinois

Engagement Duration

Since February 2024

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:

Metric Before After
Revenue Recognition Delayed and Inaccurate Period-Accurate
Client Profitability Visibility Absent Clear Project-Level Margins
CPA Staff Time High Cleanup Work Review-Only Mode

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.

Client Testimonial

Our clients love the insights. And our team isn’t stuck doing back-office work anymore.

Founder, Niche CPA Firm

Chicago

Support Your Service Clients with Real-Time Financials

Project-based insights. Zero back-office stress.

Schedule a Free Consultation Today

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