Financial Operations for Professional Services Firms
Project profitability, utilization reporting, and partner compensation for firms that sell time and need to know which clients and engagements are actually making money.
The problem
Stop flying blind on which clients actually make money.
Time is your product, but most firms cannot answer a simple question: which clients, engagements, and practice areas are actually profitable after real labor cost? The utilization report in the time tracker rarely matches the margin in the books, and that gap is where partner distributions quietly shrink. Decimal closes the gap with clean project profitability reporting and a partner compensation process that holds up at year end.
How we solve it
Books Built Around How The Firm Runs
Your chart of accounts structured for a services firm, with WIP, unbilled revenue, and retainers handled the way they should be so your financials reflect the work that is actually in flight.
Time Tracking and Billing Integration
Whatever time tracking and billing tools your firm already runs on, we integrate them with QuickBooks Online so your billing and revenue recognition tie out cleanly into your books every month.
A Close You Can Count On
A monthly close delivered on a predictable schedule every month, with every account reconciled and clean financials so partner meetings are about decisions, not chasing numbers.
Built for Professional Services
Services tailored for Professional Services businesses.
What you get with Decimal
Fixed monthly pricing
One flat fee that scales with the size of your firm, not the number of engagements you billed last month. No hourly meter running in the background of a firm that already sells hours.
Clean monthly financials
A monthly close delivered on a predictable schedule with clean P&L, balance sheet, and cash flow so partner meetings are about decisions, not chasing down the numbers.
WIP and revenue rec handled
Work in progress, unbilled revenue, and retainers all reconciled every month so the numbers on your financials match what your time tracking system says is in flight.
Multi-entity if you need it
Running multiple entities across states or practice areas? We consolidate cleanly so you can look at the firm as a whole or slice it by office or practice.
Tax-ready year round
Clean categorized books mean tax season is a handoff, not a fire drill. We work with your CPA or handle tax filing end to end so you keep every deduction you earned.
Professional Services FAQs
01Which time tracking and billing tools do you work with?
Whatever time tracking and billing tool you already run, we integrate it with QuickBooks Online on the accounting side.
02Do you handle WIP and revenue recognition?
Yes. Work in progress, unbilled revenue, and revenue recognition tied to project delivery are core to how we work with professional services clients. This is also the most common place we find gaps when we onboard a new firm.
03Do you support retainer and fixed-fee billing?
Yes. Retainers, fixed-fee engagements, and hybrid billing arrangements all need to be recognized correctly or your revenue numbers lie. We handle it the right way every month.
04What does pricing look like?
Fixed monthly pricing based on your firm size, transaction volume, and which services you need. You will get a clear quote before you ever sign anything, and the price does not change unless your firm does.
05Can you help us get tax ready?
Yes. Clean categorized books are the foundation of a painless tax season. We can hand off a tidy package to your existing CPA, or handle tax preparation and filing end to end through our tax service.