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Sage Intacct accounting for professional services

Get operational and financial visibility for your entire business—not just finance—with our professional services accounting software.

Revenue by Services Line YTD Technology Solution Audit & Compliance Managed Services Data Services PST Dashboard Hours Billable Hours Non-billable Hours Utilized Hours Worked 10,000 8,000 6,000 4,000 2,000 $0 Hours Trend 03/31/2022 03/30/2022 09/30/2022 11/25/2022 Utilization 80% +1 vs. prior quarter Backlog $46,274 +$23,119 vs. prior quarter Accounts Receivable $158,563 +$10,000 vs. prior month Profit Margin 29% +1 vs budget

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CTI Clinical Trial and Consulting

Powerful, automated accounting software for professional services

Automate complex processes like cash management, AP/AR, order management, and more and slash close time by 50%.
Vancouver Montreal New York London Net income by Location Revenue by item 100k 80k 90,935.00 0.00 90,035.50 (90,108.00) 0.00 (4,586.00) 20,586.00 0.00 Cash Flow Detail by Entity Vancouver 03/06/2022 Montreal 03/06/2022 Operations Net income Item not requiring cash - Current Period Total Operations for Cash Flow Changes in Cash from Operating Activities Accounts Receivable Inventory Other Assets Accounts Payable Other Current Liabilities 178,075.00 0.00 178,075.00 (193,000.00) 0.00 4,589.00 13,905.00 0.00 Daily View As of today All locations CFO Cash and Cash Equivalent $14,775K +147,923 vs. prior month Revenue $224,407 +49,934 vs. prior month Net Income $131,788 +39,840 vs. prior month Expenses $20,524 -8,000 vs. prior month
See profit-and-loss by service, project, region, or another dimensions. Reach peak performance with rich, flexible financial reports and customizable dashboards.
Income Statement AP Analysis Customer Aging Maine Florida California Texas Revenue by Entity Controller Dashboard Cash on Hand $5,086,913 Revenue YTD $1,015,540 Cost of Sales $32,868 Gross Profit $982,671 Net Income YTD $815,481
Manage projects and profitability by tracking project costs, expediting time-and-expense processes, and accelerating project billing.
VP Services - Projects View Revenue by Service Items Business Consulting Project Fee Technical Consulting Customer A/R 1-30 31-60 61-90 91- 0-0 Project Financial Summary All PM Dave Harrington Been Verified Cinium Financial Services Conductor 138,250 235,500 36,450.00 25,450.00 0.00 272,750 207,750.00 65,000.00 11,781.32 Inteligent Audit 394,800 245,196.58 32,245.00 The HCI Group 57,850 0.00 0.00 Yellowhammer 425,500 260,752.61 115,785.00 Bashar Wahid KENTECH Consultant SalThru Total Bashar Wahid Contract Value 5,400 218,850 224,250 Receipts 5,515.67 54,792.13 60,307.80 A/R 0.00 85,683.39 85,683.39 The HCI Group Good Net 30 0.00 33Across Good Net 30 0.00 Buddy TV Poor Net 30 0.00 KENTECH Consulting Good Net 30 0.00 Yellow Hammer Good Net 30 4,557.61 Customer Health Name Glead Sciences Poor Net 30 49,500.00 Health Term Total Due Revenue top 5 Customers Customers Renegade Furniture Group 25,250.00 Total 25,250.00 Project Profitability 0 A B C D E F 16,000 32,000 48,000 64,000 80,000
Use our APIs or pre-built integrations to integrate with CRM tools like Salesforce, resource management software, Professional Services Automation (PSA), and more to streamline quote-to-cash cycles.

Advanced professional services accounting software features

Our features and flexible add-on modules are perfect for growing firms to further automate and streamline complex processes.

Employee timesheets

Revolutionize your timesheet management with AI powered time tracking software and our employee timesheet app.

Project accounting

Manage project costs and revenue, keep projects on time, and maintain project profitability.

Multi-entity and global consolidations

Consolidate hundreds of entities in minutes, not days – and boost productivity by more than 50%.

Fast close. Faster insights.

Download our report to learn how automation can save your finance team up to 3X more time for value-added activities.

Why firms choose Sage Intacct

Sage Intacct

Whether it’s digital marketing, IT services, professional employer organizations (PEOs), consulting, advertising, HR services, research, engineering, or another specialized sector, Sage Intacct has the professional services software that combines smooth operational workflows with greater financial visibility to bring your business to new heights. We help project managers:

Benefits

  • Manage projects and profitability by tracking project costs, expediting time-and-expense processes, and accelerating project billing.
  • Get invoices out of the door faster and improve cash flow.
  • Consolidate resource management, simplify project time tracking with automation and mobile timesheets.

Benefits

  • Save time with shared, secure data and integrations with top solutions without high IT costs.
  • Make strategic decisions and optimize resource use based on rich, multi-dimensional reporting and dashboard analytics.
  • Eliminate manual effort, countless spreadsheets, and multiple QuickBooks instances while closing the books 70% faster.
8.8 out of 10
WINTER 2023 Nonprofit Leader WINTER 2023 Mid-Market Leader

A solution to support your firm's unique needs

Maximize business performance with the best accounting software for professional services. Make strategic decisions to manage your multi-entities, different currencies, and constantly evolving compliance mandates. With push-button consolidations, get a fast close and real-time analytics—in minutes—for maximum impact on your financial firm’s performance.

Biotech, pharmaceutical, and life sciences companies

Our cloud accounting is ideal for the needs of biotech, pharmaceutical, and life sciences orgs.

Engineering companies

Track your project costing, bill your customers, and manage all your service lines.

Marketing and advertising agencies

Track your campaign and project costs, bill your customers accurately, and allocate your vendor spend.

Service-based businesses

Track your project costing, bill your customers, and manage all financial processes.

Resources for professional services companies

Explore the latest research, guides, and webinars on accounting for professional services.
Analyst report

Sage Intacct named a leader in IDC Marketscape Report

G2 report

Sage Intacct accounting software products— #1 in customer satisfaction

Analyst research

2023 Professional Services Maturity™ Benchmark Report

Infographic

Overcoming financial growing pains in professional services organizations

Sage Membership. Get more than software and solutions.

Member Masterclass

Explore articles and tap into weekly videos on the topics that matter to you.

Learning and certifications

Grow your knowledge and boost skills across your team.

Community

Network, share knowledge, and get the most out of Sage software.

Brian Lawrence

Senior Director, Finance and Taxation, Clinical Trial and Consulting Services (CTI)

When our team went in search of a new accounting solution, we were looking for cloud-based options that would be more scalable, flexible, and intuitive for our teams around the world. Sage Intacct was a no-brainer for us because, unlike NetSuite and the other vendors we looked at, it met all of our requirements for integrated time and expense management and Multi-entity & global consolidations, and was robust and adaptable enough to grow with our business over time.

CTI Clinical Trial and Consulting

Wisdom for smarter business

Sage advice

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Professional services accounting FAQs

Sage Intacct is a comprehensive financial management system with tailor made features for project-based businesses. Over 1.5 million projects have run on Sage Intacct. We work with companies that have financial management needs that range from simple cost tracking to detailed project task cost allocation and complex billing requirements. Our cloud-based system is centered on a high-powered general ledger that provides dimension level tracking for all of your transactions. What that means is you can significantly reduce the number of GL accounts you use, while also significantly expanding the way you report on your data. With automation of processes related to project costing, vendor management and accounts payable, project billing, time and expense tracking, and resource management, Sage Intacct can allow your finance team to focus on strategy instead of administrative process.

Professional Service Automation (PSA) is phrase often used to refer to a wide range of software features built to serve service organizations such as Consulting, Marketing Agency, Engineering, Architecture, Information Technology, and many other types of service providers. Many PSA software providers will use the term to refer to features related to the front of the project life cycle such as proposals, estimates and forecasting. PSA can also include resource management, time and expense tracking, vendor management and project billing.

Sage Intacct is a full featured accounting solution for professional services. Customers rely on Sage Intacct to ‘own the dollar’ for all of their project financial management needs. This covers project budgeting, billing, time and expense, AR/AP, vendor management, purchase orders, and much more. By ‘owning the dollar’ our features extend to provide robust project financial reporting, resource management, and a suite of tools designed for operations and project managers.

The professional service industry is constantly faced with challenges of revenue leakage, low utilization, and strained project profit. Accurate and complete time entry is a major contributing factor to these struggles. Sage Intelligent Time is the only AI powered time entry system built into a full featured ERP system. Sage Intelligent Time provides each member of your team with an AI powered time assistant that provides suggested time entry cards based on that employee’s calendar, email, and other activity. Using machine learning, the Time Assistant gets smarter and continuously improves the speed and accuracy of your teams’ timesheet.

Sage Intelligent Time is providing a solution to an age-old problem for service-based businesses. Artificial intelligence and machine learning are providing a tangible tool for your team to provide continuous and trusted insights regarding their time. With this insight, your project managers can make better decisions, you project pricing is more accurate, and you invoicing and close process are faster than ever.

For many growing professional service companies, the billing process is too labor intensive to scale. Billing for professional services can be complex depending on the various elements that you need to include on your invoice. Sage Intacct is built to handle even the most complex invoicing requirements, as well as the variety of revenue recognition methods that can be associated with them. Automation around time entry, expenses, purchase orders, vendors, and all the other components required for billing, are instantly available for your team to easily draft and issue invoices, helping you scale your business without being held back by cumbersome processes.
When it comes to financial reporting, automation, accuracy, and customization are key requirements for an effective solution. Sage Intacct financial reporting excels at all three. By leveraging the dimensions of the general ledger, reports can be grouped and sorted in a near unlimited way. Financial reporting done right can provide the insight your financial team needs to go from burdened with administrative tasks, to focusing on strategic planning. Whether you’re creating multiple profit and loss reports, or automating project reports for your project managers, Sage Intacct can handle what you need.

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