Accounting for Professional Service Firms
Cash flow in service businesses is complex. Bloomfield CFO offers clean books and strategic support for firms that bill hourly, by project, or retainer.
Financial Blind Spots Hold Growing Firms Back
Professional firms often grow quickly—but without the right financial structure, that growth gets messy. Without the right support, you risk:
- Poor visibility into billable vs. non-billable work
- Unreliable reporting for project profitability
- Underpricing due to unknown overhead costs
- Late payroll or cash flow surprises
- No strategy for scaling or succession
Behind Every High-Performing Firm Is a Strategic Finance Partner
Professional firms don’t just need someone to file taxes—they need a partner who understands their business model, keeps the books clean, and helps them make confident decisions as they grow. Here’s how we support firms that want clarity, strategy, and long-term financial strength:
Monthly bookkeeping and reconciliations
Payroll support for salaried, hourly, and contract staff
Cash flow forecasting and owner compensation strategy
Tax planning for partners and pass-through entities
Optimize retainers and fee percentages
Leverage management software for complete and accurate data
“We finally understand what’s driving profitability.”
More Clients, More Staff… More Complicated
We help growing firms structure themselves not just for today—but for the next stage of growth. Whether you’re scaling your team, shifting equity, or preparing for retirement, we provide the financial and strategic insight to help you do it right.
Multi-partner or shareholder ownership
Clarify roles, responsibilities, and equity splits to avoid confusion and ensure financial alignment as your leadership team grows.
Entity structuring for pass-through income and liability protection
Set up the appropriate legal and tax structure from the start—or clean up what’s already in place—to minimize risk and optimize earnings.
Retirement planning for partners and shareholders
Plan ahead for internal buyouts, phased exits, or complete transitions—without disrupting operations or cash flow.
Strategic budgeting for expansion, tech investment, or hiring
Forecast confidently when making major decisions like hiring senior talent, upgrading equipment, or opening a second office.
Tax projections that align with your growth season
Avoid surprise liabilities and stay ahead of quarterly payments with proactive planning that reflects your revenue cycles and margins.
You Deliver Professional Advice. So Do We.
We know the expectations that come with being a trusted advisor—because we hold ourselves to the same standard. Bloomfield CFO supports professional service firms across the U.S., delivering clear reports, proactive strategy, and real human support.
“They helped us stop winging it and start running like a real business.”
Get the Strategic Support You Deserve
Schedule a Call
We’ll learn about your billing model and structure
Build a Financial Plan
We’ll clean up your books and simplify your systems
Ongoing Support
You get clarity, consistency, and confidence every month
Make Decisions Backed by Real Data
Many professional firms aren’t held back by a lack of business—they’re held back by financial systems that can’t keep up. At Bloomfield CFO, we bring structure to your finances, turn reports into action plans, and help you lead with confidence instead of stress.
We help professional firms clean up their financials, make better decisions, and scale with strategy.
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