Professional Services

Accounting and Financial Services for Professional Services Firms

Professional services firms—such as law firms, consulting agencies, and marketing firms—rely on delivering exceptional client service, but managing finances can be a distraction. From tracking billable hours to managing client expenses, Alajian Group specializes in providing accounting and financial services tailored to the unique needs of professional services firms. We help you stay organized, compliant, and focused on delivering value to your clients.

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Professional Services Financial Challenges We Solve:

Billable Hours Tracking:
Accurately tracking and invoicing client hours.
Expense Management:
Managing client-related expenses and reimbursements.
Cash Flow Optimization:
Ensuring steady cash flow with irregular income streams.
Tax Compliance:
Navigating tax regulations for professional services businesses.
Financial Reporting:
Generating detailed reports for profitability analysis.
Payroll and Contractor Payments:
Handling payroll for employees and freelancers.

Looking for the Best Professional Services Accounting?

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Our Services for Professional Services Firms:

Professional Services-Specific Accounting and Bookkeeping:

Tracking billable hours, client invoices, and payments.
Managing client-related expenses and reimbursement.

Financial Reporting and Analysis:

Customized profit and loss statements for client projects.
Profitability analysis by client, project, or team member.

Tax Planning and Preparation:

Maximizing deductions for business expenses, travel, and home office use.
Preparing and filing federal, state, and local tax returns.

Payroll and Contractor Management:

Handling payroll for employees and freelancers.
Issuing 1099 forms for independent contractors.

Cash Flow Management:

Forecasting cash flow to ensure financial stability.
Strategies to manage irregular income streams.

Technology Integration:

Setting up and optimizing accounting software (e.g., QuickBooks, Xero).
Integrating with time-tracking and invoicing tools (e.g., TSheets, FreshBooks).

Why Choose Alajian Group for Your Professional Services Firm?

Industry Expertise:

We understand the unique financial needs of professional services businesses.

Tailored Solutions:

Services designed to fit your specific workflows and client base.

Advanced Technology:

Leveraging the latest tools to streamline your financial processes.

Proven Results:

Trusted by professional services firms to improve financial efficiency and compliance.

Alajian Group has been excellent from day one! Armine and her team’s work has transformed our business and provided us with the clean accounting structure and data we needed to expand and grow tremendously
Yaakov Rosenbaum CEO, Milspec Retail
Having worked with Armine for just 6 months, I can honestly say that she has helped me sleep better at night. I used to dread anything tax-related, but now that we are organized, I am able to solely focus my energies on running a profitable business.
Brian Christopher CEO Brian Christopher Slots
Alajian Group has been excellent from day one! Armine and her team’s work has transformed our business and provided us with the clean accounting structure and data we needed to expand and grow tremendously
Robert Khachatryan Founder, Freight Right Global Logistics