Professional services
Professional services books that show real utilization.
Engagements, WIP, and cash collected. Built into your fractional finance department.
Book a callBusinesses we’ve helped
What firm books need to show
Five views that sit on a clean close. Illustrative product UI, not live data.
Utilization
Billable hours against available hours, by role or team.
Realization
Billed value next to the hours that were worked.
WIP
Unbilled work in progress, aged so partners can act.
AR aging
Collections by bucket, so cash does not stall on the books.
Engagement profit
Fees, labour, and disbursements on one P&L per engagement.
Why professional services outgrow generic bookkeeping
Billable is not collected. Realization leaks between rate and invoice. WIP and AR hide cash. We build the department so you see utilization, realization, WIP, AR aging, and profit by engagement, not one blended P&L.
What we close for professional services
Time and utilization
Billable vs available hours coded to the people who did the work.
Realization
Worked value next to what actually billed and collected.
WIP
Unbilled work aged so partners see what still needs to invoice.
AR aging
Collections by bucket on the same close as WIP.
Engagement profit
Contribution by matter, project, or engagement before the next hire.
Sales tax on the books
GST/HST coded with fees and disbursements where it belongs. Registrations and remittances scoped on the call.
The stack firms run
Ledger, receipts, payroll, and payments into one close. Existing stack marks only.
QuickBooks Online
Xero
Dext
Wagepoint
Stripe
Plooto
Decisions on this month’s numbers
When the books close clean, Fractional CFO uses the same file for cash, forecast, and the call before you hire or take on work. See Fractional CFO.
Built into your fractional finance department
Firm bookkeeping is the base. GST/HST and corporate tax ride on clean engagement numbers. Fractional CFO uses the same file for cash and forecast. One firm. See Pricing, or Book a call.
Who this is for
Growing Canadian professional services firms, typically C$500k+. Consultancies, law and similar practices, engineering/advisory shops, time-and-engagement businesses.
How we start
01
Book a call.
How you time and bill, how WIP ages, what the books get wrong.
02
Scope the close.
Utilization, realization, WIP, AR, engagement profit.
03
First clean month.
Matters tied out. Numbers partners can run.
