Consulting and professional services firms often have complex financial workflows that can directly impact profitability. Unbilled work-in-progress, consultant utilization rates, project margins, and delayed payments all require accurate financial tracking and reporting.
Our specialized bookkeeping services help you stay on top of your finances by monitoring billable hours, reconciling project accounts, and providing timely financial reports. In addition to bookkeeping, we provide reliable payroll for small businesses to ensure your employees and contractors are paid accurately and on time.
By partnering with Numerix, you gain expert financial support that helps streamline operations, improve efficiency, and support long-term business growth.
Managing the finances of a consulting and professional services business comes with unique hurdles. We help you navigate:
From daily transactions to complex project financial management, our comprehensive accounting and bookkeeping services ensure your business remains profitable and compliant:
Reconcile time tracking systems (Harvest, Toggl, WorkflowMax) to your invoicing and accounting software monthly.
Track unbilled WIP and apply correct revenue recognition policies so your P&L reflects true earned revenue.
Monthly P&L per client engagement showing revenue, direct costs, and contribution margin.
Invoice tracking, payment follow-up, and debtor ageing reports to protect your cash flow.
Payroll for salaried consultants, contractor invoicing management, and associate payment runs.
Correct GST on all service fees and quarterly BAS lodgement with the ATO.
Partners & Apps
Our team of expert accountants and bookkeepers is here to support you, giving you the tools and insights you need to achieve your business goals effortlessly.
Eliyah at Numerix Accounting! He is very organised and works well with us in our book keeping.
The team helped me to setup my marketing business and offered different bookkeeping solutions that suit our needs.
I was in need of a bookkeeper / accountant, I spoke to Igor and was extremely happy with the services he provides.
After being let down by another company, I’m so glad I found Numerix, the amount of time saved and problems resolved has been great, they communicate very well and are a pleasure to deal with
Book a free 30-minute consultation with Numerix and let us review your current setup to identify gaps, risks, and opportunities for improvement. We’ll show you exactly how Numerix can streamline your bookkeeping, strengthen your financial visibility, and support your business with a clear, reliable system you can trust.
Work-in-progress (WIP) is the time and expenses your team has incurred on a client engagement but not yet invoiced. Untracked WIP means you are delivering work you may never bill for. We reconcile your WIP register to your time tracking system monthly, so nothing slips through.
Yes, we integrate with Harvest, Toggl, WorkflowMax, Xero Projects, and most professional services time tracking platforms. Billable hours flow directly into your invoicing and accounting system.
We process contractor invoices through accounts payable and manage employed consultant payroll separately, ensuring correct withholding, superannuation, and STP compliance for each engagement type.
