Accounting software for professional services firms
Professional services accounting software has to keep the books current when everyone at the firm is busy billing. Adopt keeps the books and monthly close current, and your team approves every entry.
How professional services firms handle this today.
People are the cost. Payroll and contractors make up most of what the firm spends.
Retainers and deposits. Money received ahead of the work has to be tracked until it is earned.
Expenses passed to clients. Travel and outside costs need to be recorded so they can be recovered.
Nobody owns the books. They fall to an office manager or a partner between client work.
Accounting for professional services, without the busywork
Adopt prepares the work in the background. Your team reviews and approves it, and every approval stays on the record.
Connect your accounts
Link bank and card accounts, or upload statements. Adopt starts from your opening balances.
Income and costs coded, with reasons
Client receipts, contractor payments, software and travel each get a suggested account and the reason behind it.
Review and approve
Approve in bulk or one at a time. Nothing posts until you do.
Close and report
Reconciliations and month-end statements are prepared for you to sign off.
What changes for professional services firms
Short review sessions
Your team sees what needs a decision. The rest arrives prepared.
Statements partners can read
A profit and loss and a balance sheet built on reconciled accounts.
Not priced per seat
Add every partner and manager who needs to see the numbers.
FAQs
It records client receipts and firm costs, reconciles every account and produces statements each month. Adopt prepares that work and your team approves it.
No. Time and project tracking stay in the tools you use for delivery. Adopt keeps the accounting books and the monthly close current.
Your team does. Adopt prepares categories, matches and journal entries and shows the reason for each one. Nothing posts until someone on your team approves it.
No. Adopt works on its own. A business without any accounting system can start on Adopt and keep its books there.
More software for professional services firms
Accounting software for other industries
Firm books, without the busywork.
You approve every entry.
Start free and connect your first account. Adopt works on its own, so you do not need another accounting system to begin.
