Accounting Services for Professional Service Firms in Texas
Devine Consulting LLC is an outsourced accounting firm that is based in Sugar Land, Texas. The firm was founded in 2011 by Jennifer Devine, CPA, and it serves marketing agencies, consulting firms, staffing companies, and other professional associations across the Houston metro area.
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From day one, every client is set up with a full accounting team, that is, a manager, an accountant, and a bookkeeper, so that the coverage of an entire in-house department can be delivered without the overhead of actually hiring one, and Jennifer Devine stays personally involved in overseeing each relationship as it moves forward.
Devine Consulting holds a 5.0 Google rating across 36 reviews, and most of our professional services clients have been with the firm for nine years or more.
Professional service firms bill clients differently than product-based businesses do, since revenue is driven by billable time, client retainers, and project fees rather than inventory or unit sales. Devine’s team is built around that particular structure, and it provides time tracking, retainer and project billing support, general ledger maintenance, and monthly or quarterly performance reviews on QuickBooks Online, Sage Intacct, and Bill.com.
How Accounting and Bookkeeping Support Helps Professional Service Firms Grow
Managing financial resources efficiently is, of course, important for the growth and success of your firm. Devine’s team draws on its knowledge and experience so that a clear picture of your company’s financial health can be given to you through comprehensive accounting solutions. Our services provide meaningful financial reports and analysis, and this gives you real insight into your firm’s performance and cash flow so that you can make data-driven decisions as you scale your organization.
Why Professional Service Firms Outsource Their Accounting
Managing day-to-day finances for a marketing agency, consulting firm, or staffing company is, when you get down to it, complex, and hiring an in-house expert is costly on top of that. Partnering with Devine gives you access to an expert team of accountants who are dedicated to providing the highest levels of financial management. Multiple layers of internal financial record security are in place to help ensure that your data stays accurate and up to date.
Accounting Services for Professional Service Firms
Devine Consulting handles the full range of bookkeeping and accounting for professional service firms, and this covers:
- Accounts payable and accounts receivable management
- Payroll processing for professional staff
- Time tracking and billable hour reconciliation
- Daily general ledger maintenance
- Credit card and expense reconciliation
- Client retainer and project fee tracking
- Financial planning and analysis
- QuickBooks Online, Sage Intacct, and Bill.com implementation
- Custom financial dashboards and performance reporting
QuickBooks Online, Sage Intacct, and Bill.com Implementation for Professional Service Firms
Accounting processes for professional service firms are, when you think about it, fairly complex, and that can make manual methods difficult to manage well. As a top firm for financial management, Devine Consulting uses QuickBooks Online, Sage Intacct, and Bill.com to handle its bookkeeping and accounting. These platforms support billable-time tracking, retainer and project billing, and accounts payable automation, all of which are common needs for professional service firms. Our team selects the software, sets it up, trains staff, and keeps everything running smoothly, and we also build custom reports for each firm based on its specific client and performance reporting needs.
What Our Clients Are Saying…
Why Professional Service Firms Choose Devine Consulting
WHY OUTSOURCEProfessional service firms need an accounting partner who really understands billable-time revenue, client retainer structures, and the lean staffing that comes with running a knowledge-based business. From the moment the relationship begins, Devine Consulting puts a dedicated three-person team in place, that is, a manager, an accountant, and a bookkeeper, and this gives the firm the equivalent of an in-house accounting department without the hiring costs that would normally come with it. Jennifer Devine, CPA, personally oversees every single client relationship.
Financial Planning and Analysis for Professional Service Firms
Professional service firms handle their finances in a way that’s a little different from product-based companies. Revenue comes in through billable time, client retainers, and project fees, and all of this is tracked across multiple active clients at the same time. Devine Consulting supports professional service firms with their financial planning and analysis, and this includes tracking client and project profitability, monitoring retainer balances, allocating overhead costs, and forecasting based on the client pipeline. Our team meets with firm principals once a month, or three times a year, so that performance can be reviewed, so that the profitability of a client relationship can be assessed, and so that cash flow problems can be caught before they grow into something bigger. Jennifer Devine, CPA, stays personally engaged with the work throughout, and she is available both before and after each review.
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281-545-4000Devine Consulting Gives Your Firm the Up-to-Date Financial Data Needed to Grow
Our attention to detail delivers the most up-to-date financial reporting for your business. Contact us today to experience the Devine difference.
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Frequently Asked Questions
Why Should Professional Service Firms Switch to Cloud-Based Accounting Software?
Cloud-based accounting software gives professional service firms real-time visibility into billable time, cash flow, and client billing, and it does this without making them wait on month-end reports. Devine Consulting works primarily with QuickBooks Online and Sage Intacct, and it also supports Bill.com for accounts payable and Expensify for expense management. Our team handles implementation, staff training, and ongoing administration so that clients don’t need to manage the platforms themselves.
What Other Software Programs Does Devine Consulting Support?
In addition to QuickBooks Online and Sage Intacct, Devine Consulting manages Bill.com for accounts payable automation and Expensify for expense tracking and employee reimbursements. These tools are especially useful for professional service firms that need streamlined expense capture across project teams.
Does Devine Consulting Offer Tax Preparation?
Tax return work isn’t really part of what Devine Consulting offers, whether that’s preparation or filing. What we do provide, though, is accurate, up-to-date bookkeeping, so that by year-end your books are fully organized and ready for your tax accountant, which cuts down on both the time and cost involved in tax season.