Accounting for Professional Services

Accounting, bookkeeping, payroll, bill pay, and analysis so you have the KPIs and benchmarking you need to successfully scale and grow you’re your professional services small business.

Accurate Accounting is Time-Consuming and Complex

Clear financials and back-office support will provide you with key information in a timely manner to help you make informed business decisions. Understanding your gross margin, contribution margin, direct labor, and labor efficiency ratios is the key to profitability and growth in an agency or other professional services company. Unfortunately, many owners don’t have timely information to this data due to bottlenecks in the accounting process. 

This results in less profit due to:

  • – Excessive labor costs 
  • – Underpricing your services
  • – Hiring at the wrong time
  • – Mismanaging cash and investing in the wrong place

Fortunately, there’s a better way…

RY CPAs Understands Professional Services Accounting and Procedures


RY CPAs specializes in serving small professional services companies between $500k in revenue to $5m in revenue. We step into your non-slip shoes, get to know your operation, and partner with you to provide the most meaningful financial insights. Finally, you can have the data you need to run a rapid-growth profitable company, without having to take the time to run the books yourself.

We believe you will be able to achieve this with access to:

  • Real-time visibility: see spending as it happens to keep a keen eye on profitability
  • Meaningful reporting: have insight into data that has meaning to you with clear actionable items. This includes showing presenting KPIs each month and explaining how you should assess each KPI.
  • Time saved: spend time on things that you’re good at which have an impact on the bottom line and culture

Financial reporting that accelerates strategic decision making

How it Works!

Our process in Three Simple Steps 

  1. Discovery: we review your current workflow and identify shortcomings
  2. Step in your shoes: our team of tech-enabled CPAs gains access to your systems then implements state-of-the-art procedures and technology that make your back-office function like a well-oiled machine. 
  3. Live Data: we start running the show for you on a weekly basis so you have timely reports that measure your performance and profitability. 


Let us partner with your professional services company

Head here to fill out a quick form and our experts will be in touch with next steps