Finance for Professional Services Firms
Outsourced bookkeeping, management accounts, and payroll for law firms, consultancies, recruitment agencies, and other professional services businesses across Gloucestershire.
Professional services firms - whether you're a law practice, recruitment agency, consultancy, or marketing agency - face unique financial challenges. Your revenue is often project-based, your cash flow can be lumpy, and your time is too valuable to spend wrestling with spreadsheets and VAT returns.
At Jenkins & Co., we understand the professional services world because we live in it. We know that utilisation rates matter, that WIP tracking is essential, and that your clients expect you to be on top of your numbers. Our team handles your bookkeeping, management accounts, and payroll so you can focus on delivering for your clients.
We work with professional services firms across Gloucestershire and beyond, from sole practitioners in Cheltenham to growing consultancies in Gloucester and Cirencester. Our cloud-first approach means we integrate seamlessly with your existing tools - whether that's Xero, a CRM, or project management software.
Our management accounts for professional services firms go beyond the basics. We track revenue by client, project profitability, staff utilisation, and pipeline value - giving you the insight you need to make confident business decisions.
Challenges we solve
Project-based revenue
Revenue recognition can be complex when work spans multiple months. We ensure your accounts accurately reflect work in progress and deferred income.
Cash flow management
Long payment terms and project-based billing create cash flow gaps. We provide forecasting and credit control support to keep cash flowing.
Time vs money
Your billable hours are your product. Every hour spent on bookkeeping is an hour not billed to clients. We give you that time back.
Growth planning
When should you hire? Can you afford new office space? Our management accounts give you the data to make these decisions with confidence.
Need professional services finance support?
Book a free consultation and we'll discuss how our outsourced finance services can help your professional services business.
Book a Free Consultationor call 01242 382400Relevant services
Other sectors
Frequently asked questions
Yes. We work with several professional services firms including legal practices. We understand the specific requirements around client account management, SRA compliance considerations, and the importance of accurate time-based billing records.
Services for professional services businesses
Bookkeeping
Outsource your bookkeeping to our Xero-certified team in Cheltenham. We handle receipts, invoices, bank reconciliations and VAT returns so you can focus on growing your business across Gloucestershire.
Management Accounts
Get clear, actionable financial reports that help you make better business decisions. Our management accounts go beyond the numbers to tell the story of your Gloucestershire business.
Payroll
Cloud payroll services that take the hassle out of paying your team. From RTI submissions to pension auto-enrolment, we handle payroll for businesses across Gloucestershire.
Finance Services
Beyond bookkeeping - we offer VAT returns, payment runs, reconciliations and more to keep your finance operations running smoothly across Gloucestershire.