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Industry Expertise

Professional Services Bookkeeping for Agencies & Consultants

Project profitability tracking and contractor payments are eating your time. Twelix handles your books so you can focus on client delivery.

Everything our professional services bookkeeping covers

What we handle for you, and the deductions we capture along the way — all built into how we run your books from day one. Nothing you need to bring to a meeting.

01
Revenue by client & project
Billable revenue tracked per client or engagement so you always know which relationships are most profitable and which need repricing.
02
Project-level profitability tracking
Know exactly which projects earn and which drain the team.
03
Billable expenses vs. operating overhead
Client-reimbursable expenses tracked separately from internal overhead, so reimbursement requests are always accurate.
04
Retainer & milestone revenue recognition
Retainer payments recorded as deferred revenue until earned, so your P&L always reflects what you've delivered — not just what you've collected.
05
Contractor payments & 1099 compliance
All payments to subcontractors and freelancers tracked throughout the year so 1099 filing is clean and on time every January.
06
Unbilled receivables & A/R aging
Outstanding invoices monitored monthly, with aging reports showing exactly what's overdue and by how long.
07
Monthly P&L with services KPIs
Utilization, realization, and effective rate at a glance.

Deductions we track for you

Software & Tools

CRM, project management, accounting, and communication platforms.

Business Travel

Client meetings, conferences, flights, hotels, and meals.

Home Office

Dedicated office space plus a portion of internet and utilities.

Professional Development

Certifications, courses, coaching, and industry memberships.

Insurance Premiums

E&O, general liability, and professional liability coverage.

Subcontractor Payments

Freelancers and specialists hired for client projects.

Twelix Accounting Demo

Clean books, handled for you
every single month.

Hand off the categorizing, reconciling, and reporting to a dedicated Twelix bookkeeper. You get CPA-ready financials on schedule — and your time back to actually run the business.

Book a Free Consultation

Why Businesses Choose Twelix

We don't just keep your books, we give you the financial clarity to run your business with confidence.

150,000+
Transactions reconciled
11,000+
Hours of bookkeeping
200+
Clients served
99%
5-star reviews
60%
Cost reduction
14+
Industries served
Hear it straight from our clients

Professional Services Bookkeeping Challenges Which We Take Care of

Project Profitability

Knowing which clients and projects are profitable requires time tracking integrated with financial data.

Utilization Tracking

Billable vs. non-billable hours directly impact revenue but are rarely tracked in financial reports.

Contractor Management

Managing payments, 1099 compliance, and cost allocation for freelancers and subcontractors.

Retainer Revenue

Monthly retainers, project milestones, and hourly billing create mixed revenue recognition challenges.

Project Profitability

Knowing which clients and projects are profitable requires time tracking integrated with financial data.

Utilization Tracking

Billable vs. non-billable hours directly impact revenue but are rarely tracked in financial reports.

Contractor Management

Managing payments, 1099 compliance, and cost allocation for freelancers and subcontractors.

Retainer Revenue

Monthly retainers, project milestones, and hourly billing create mixed revenue recognition challenges.

Project Profitability

Knowing which clients and projects are profitable requires time tracking integrated with financial data.

Utilization Tracking

Billable vs. non-billable hours directly impact revenue but are rarely tracked in financial reports.

Contractor Management

Managing payments, 1099 compliance, and cost allocation for freelancers and subcontractors.

Retainer Revenue

Monthly retainers, project milestones, and hourly billing create mixed revenue recognition challenges.

Professional Services Bookkeeping FAQ

Yes. We integrate time tracking data with your financials to show revenue, costs, and margins per project.

We track all contractor payments and prepare 1099s for year-end filing.

We recognize retainer revenue monthly according to your billing terms and service delivery.

We integrate with time tracking tools to report on billable vs. non-billable hours in your monthly financials.

We work with solo consultants, boutique agencies, and growing firms. Our plans scale with your needs.

Still have a question?

Drop us a line and we'll get right back to you.

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Ready to Fix Your Professional Services Books?