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Accounting for Consultants, Agencies & Professional Firms

 

Accounting that tracks what matters most: client profitability, billable time, and the metrics that drive professional service growth

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Our Partners
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Why work with Accounted?

We’re not just your accountants, we operate like part of your team.

  • Your own dedicated accountant

  • Monthly check-ins

  • Unlimited questions

  • Proactive support, not reactive

  • Total clarity on your numbers

  • Free consultation included

 

Turn Billable Hours Into Profitable Growth

Professional service firms have a unique challenge: time is your inventory, but without proper tracking, you don't know which clients are profitable and which are draining resources. Add irregular cash flow from retainers, late payments, VAT complications, and the complexity of managing contractors or partners, and your finances can quickly become unclear. We help consultants, agencies, and professional firms get visibility on profitability, automate billing, and make data-driven decisions about growth.

Financial Support Tailored to Professional Service Firms

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Automated Invoicing

Automated invoicing and retainer management with recurring billing systems

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Client Profitability Tracking

Time-tracking integration and client profitability dashboards showing where you actually make money

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VAT Compliance

Complete VAT compliance for professional fees and consultancy services

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Management Accounts

Regular management accounts for strategic planning and growth decisions

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Professional Payroll

Payroll management for partners, associates, and freelance contractors

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Expense Management

Proper categorisation and reconciliation of client disbursements and business expenses

What our customers are saying

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Been with accounted for 4 years now and couldn't ask for better accountants. They are so professional, friendly and provide all services in a timely manner. Thank you for always going above and beyond!

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Busola B.

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Owning a business I have struggled with doing my own accounts. Accounted LTD have literally taken the burden off my shoulders and I will continue to use their services.

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Imi Adedapo

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My consultation with them was very insightful and clear - would 100% recommend to any SME, they are very professional!

 

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Grace Kamara

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Accounted has helped me so much and has made my accounting back-end management much easier! Would 100% recommend to any SME that needs support.

 
 

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Barbara A.

Frequently Asked Questions

What are you looking for?
  • Yes - we ensure professional invoicing, maximise your tax deductions, and provide clear cash flow visibility to support your business decisions.
  •  Absolutely - we automate recurring invoices, track retainer balances, and manage renewal schedules efficiently.

     

  • We categorise and reconcile all client-related expenses, ensuring HMRC-compliant record-keeping and proper cost recovery.
  • Yes - VAT registration becomes mandatory once your annual turnover exceeds £90,000, though voluntary registration may be beneficial earlier.
  • Yes - we use integrated project management and accounting tools to monitor time, costs, and profitability for each client engagement.
  • We provide detailed cost analysis and margin reporting to help you set competitive, profitable rates based on your actual business expenses.
  • Yes - we deliver comprehensive monthly reports that track business performance, profitability, and key financial metrics.
  • Yes - we specialise in managing finances for professional service firms of all sizes, from sole practitioners to multi-partner practices.
  • Through strategic use of allowable business expenses, pension contributions, and selecting the most tax-efficient business structure for your circumstances.
  • Yes - we review your client contracts, assess your IR35 status, and provide ongoing advisory to ensure compliance with off-payroll working rules.

Related Services

Bookkeeping Services

Keep your finances organised with accurate, real-time bookkeeping. We record every transaction, reconcile your accounts weekly, and keep you HMRC-compliant so you can focus on running your business.

Read more

Management Accounts

Gain financial clarity with monthly or quarterly management accounts. Track performance, forecast cash flow, and make data-driven decisions with tailored insights and KPI reporting.

Read more

VAT Returns

Stay compliant with HMRC’s Making Tax Digital rules. Our VAT specialists prepare, review, and submit your VAT returns accurately and on time - preventing costly penalties and overpayments.

Read more

Stop guessing which clients are profitable

When you bill by the hour, every client relationship should be analysed. Are you making money or just staying busy? With proper tracking, automated billing, and clear profitability reporting, you can make informed decisions about pricing, capacity, and growth. Book your free consultation and discover how professional services accounting can transform your firm.

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