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Professional Services
FinovatePro is an industry-ready financial operating system for professional services firms. It brings clients, engagements, projects, contracts, staff costs, direct and indirect costs, WIP, unbilled receivables, billing and project profitability into one structured financial environment.
Why it is different
Professional services firms sell expertise and time. Their results depend on clients, projects, people, billing, WIP and collections, so firm-wide revenue alone never tells the full story.
Hours that do not reach the right engagement leave project costs and margins incomplete.
Work done but not yet billed is hard to see until month end, if at all.
Engagement profitability is often only clear after the project has closed.
Without clear unbilled and receivable reporting, cash comes in slower than it should.
What FinovatePro helps manage
FinovatePro keeps client, engagement and project detail inside the accounting records, so partners and managers can see performance without rebuilding reports in spreadsheets. See all features →
Organize revenue and costs by client, engagement and contract.
Track budgets, costs and progress for every project.
See labor cost by person, team and project alongside revenue.
Separate direct project costs from overhead to understand true margins.
Know what has been earned but not yet billed on each engagement.
Bill accurately and compare revenue, cost and margin by client and project.
Firm leaders need to see which clients and engagements create value. FinovatePro uses projects, budgets and dimensions to turn time, cost and billing activity into clear profitability reporting, where the applicable modules are enabled.
Available reports depend on the selected plan, configuration and modules.
FinovatePro is designed to support structured revenue reporting under ASC 606 and IFRS 15 where applicable, based on the selected reporting framework.
ASC 606IFRS 15U.S. GAAPIFRS
The exact accounting depends on your entity, contracts, legal form, jurisdiction and facts. Management and accounting professionals remain responsible for complex accounting judgments.
How it works
Clients, contracts and project budgets are created.
Staff time and expenses post to the engagement.
Earned but unbilled work is visible at any time.
Invoices and collections follow from the same data.
Client and engagement profitability is reported.
General-purpose accounting tools record invoices and expenses well, but they rarely keep the client, engagement and staff detail that a firm runs on. Partners end up relying on separate time, WIP and margin spreadsheets that do not always match the books.
FinovatePro makes projects, engagements and staff costs part of the financial operating system itself, giving you one consistent path from timesheet to invoice to profitability.
Choose the plan and implementation level that fits your size, reporting needs and entity structure.
FAQs
Professional services accounting software combines core accounting with project workflows: clients, engagements, projects, contracts, staff costs, direct and indirect costs, WIP, unbilled receivables, billing and project profitability.
Professional services firms sell expertise and time. Their economics depend on clients, projects, people, billing, WIP and collections, so company-wide revenue alone is not enough.
FinovatePro is designed to show work that has been earned but not yet billed by engagement and project, so firms can bill on time and understand their true position at month end.
FinovatePro is designed to support client profitability, engagement profitability, project budget versus actual, WIP, unbilled receivables, staff-cost analysis, billing and collections, and forecasts, subject to the selected plan, configuration and modules.
Revenue recognition under ASC 606 or IFRS 15 may apply where relevant. The correct accounting depends on the entity and contracts, so professional judgment may be required.
Not necessarily. A dedicated time-tracking or project management tool may remain the system of record for tasks and schedules, while FinovatePro handles accounting and reporting. FinovatePro only advertises integrations that are completed and tested.
Connect clients, engagements, staff costs, WIP and billing with accounting, reporting and controls in one financial operating system.
Explore more
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