Professional Services Accounting for High‑Performing Firms

Your clients count on your expertise—your firm deserves the same from its financial team. At PCS, we help professional services firms turn complexity into clarity, billable hours into profit, and growth plans into real financial stability.

Whether you run a law firm, consulting agency, architecture studio, engineering practice, or marketing shop, our team understands how service-based businesses really work—and how to help them scale without losing control of the numbers.

Let’s build a financial system that grows with your firm.

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Turn Your Billable Hours into Bankable Profits

Great work alone doesn’t guarantee great margins. Running a professional services firm means managing time, projects, and people in a way that keeps your pipeline full and your profitability strong.

PCS provides accounting, bookkeeping, payroll, and fractional CFO services designed specifically for professional services. From WIP and utilization to partner profit distributions, we make sure your finances actually support the goals you’ve set for the firm.

How PCS Helps Professional Services Firms

  1. Project‑Based Financial Reporting
    See exactly where you earn—or lose—money. We track profitability by client, partner, and project, with real-time utilization, margin reports, and dashboards your partners can actually read and use.

  2. Revenue Recognition & WIP Management
    No more guesswork around what’s earned and what’s still in progress. We handle revenue recognition, manage WIP, milestone billing, and project accruals so cash flow stays predictable.

  3. Client Billing & Collections Optimization
    Get paid faster with less chasing. We streamline billing, connect time tracking, and put collections processes in place that reduce days sales outstanding and smooth out your cash flow.

  4. Tax Strategy for Service Firms
    We help partnerships, LLPs, and corporations minimize tax exposure across provinces and entities. From entity structure to partner- and firm-level planning, we design a tax approach that fits how you actually operate.

  5. Partner Compensation & Equity Management
    Complex ownership? We’ve got it. PCS designs systems to track equity, calculate distributions, and align payouts with your firm’s compensation philosophy and partnership agreements.

  6. Financial Planning & Forecasting
    Make decisions with data, not gut feel. We support partners with forecasting, scenario modeling, and budget‑to‑actual reporting so you can plan hiring, bonuses, and investments with confidence.

  7. Payroll & Benefits Administration
    From bonuses and draws to contractor classifications, we run accurate, compliant payroll that ties back to your time sheets, project codes, and performance metrics.

  8. Profitability & Resource Planning
    We turn billing and utilization data into insight. You’ll see which practice areas, services, and teams are most profitable—and how to adjust pricing, staffing, and capacity to match demand.

  9. Audit Readiness & Risk Management
    As your firm grows, lenders and investors expect clean numbers and strong controls. We prepare accurate financials, strengthen internal processes, and keep you audit-ready without pulling your team off client work.

Why Professional Service Firms Choose PCS

Professional services don’t operate like traditional businesses—and we don’t treat them like they do. Our bilingual team has deep experience with law, consulting, architecture, engineering, IT, and marketing firms across Canada. We know the pain points: fluctuating billable hours, uneven cash flow, complex partner equity, multi‑province tax exposure, and constant pressure to track and optimize utilization.

PCS helps you stay compliant, profitable, and confident while you stay focused on serving clients and growing your reputation.

Tailored Support for Every Stage of Growth

Emerging Firms

  • Set up your first accounting system

  • Implement time tracking and client billing

  • Build starter budgets and profitability reports

Growing Practices

  • Add revenue recognition and project forecasting

  • Introduce partner‑level reporting and cash flow tracking

  • Tighten internal financial controls

Established Firms

  • Manage multi‑office or multi‑entity structures

  • Support M&A, lateral group moves, or practice acquisitions

  • Build advanced FP&A models for long‑term, partner‑level planning

Complementary Services

Fractional CFO Services

High‑level guidance for big decisions—forecasting, capital planning, compensation modeling, and profitability optimization.

Financial Analysis

Clear insight into firm performance with trends, benchmarks, and partner contribution analysis that actually supports partner discussions.

Tax Planning & Filing

Coordinated strategies to reduce liability and stay compliant at both the corporate and partner levels.

Bookkeeping Made Simple

Accurate, cloud-based bookkeeping that saves time, reduces errors, and keeps reports ready year‑round for partners, lenders, and auditors.

Partner With PCS to Maximize Your Firm’s Profitability

Don’t let messy books or unclear numbers hold your firm back. At PCS, we help professional services firms across Canada streamline operations, protect margins, and plan with confidence.

Book your free consultation today and see how professional‑grade accounting can support your next level of performance.

514-629-0588| [email protected] | Book a Consultation

Your time matters. Your growth starts with PCS.