Accounting & Bookkeeping for Professional Services
Doctors, attorneys, contractors, engineers, and consultants — ASU speaks your language and understands your business.
Managing the financials of a business that sells services instead of goods can be complicated. Professional services firms such as doctor offices, law firms, and construction companies have multiple clients and a variety of billing methods.
The professional services field is one of the most diverse collective industries, featuring accountants, doctors, lawyers, architects, consultants and engineers, among many others.
With three locations, Accounting Services Unlimited (ASU) is a top-notch provider of accounting services in New Orleans, Baton Rouge, and San Diego.
Already, ASU works with a number of doctors, dentists, attorneys, contractors and more so we understand your unique industries.
ASU Guarantee: if we ever make an error on your taxes, we pay all penalties and interest.
We Specialize in Your Industry
Three areas where ASU has built deep expertise serving professional services clients across Louisiana and California.
Doctors & Dentists
Medical Professionals
As a doctor or dentist, you have enough to worry about each day. Let us protect your finances.
Learn MoreAttorneys & Law Firms
Legal Professionals
Bookkeeping for lawyers isn't all the same. We keep you above the law.
Learn MoreGeneral & Specialty Contractors
Construction Companies
Contractors often overpay on their taxes. We can cut your tax bill in half.
Learn MoreCore Accounting Services for Professional Firms
Profitability Analysis
Monthly and quarterly profitability reports broken down by client, project, or service line so you know where your firm earns — and where it doesn't.
Cash Flow Management
We track receivables, manage payables timing, and help you plan for estimated tax payments so your business always maintains healthy operating capital.
Employee & Partner Compensation Plans
Structuring compensation for partners and employees in the most tax-efficient way — including salary, profit distributions, and retirement contributions.
QuickBooks Setup & Bookkeeping
Custom QuickBooks configuration for your firm type, including client billing categories, partner accounts, and the financial reports your business actually needs.
Tax Preparation & Filing
Business and personal income tax returns, quarterly estimated payments, payroll tax filings, and all required state tax returns — filed accurately and on time.
Payroll Services
Complete payroll processing, direct deposit, W-2 and 1099 filing, and payroll tax deposit management for firms of any size.
Professional Services Accounting — Frequently Asked Questions
What makes accounting for professional services firms different?
Professional services firms bill clients differently than product businesses — often using hourly rates, retainers, project fees, or milestone billing. This requires specialized tracking of work in progress, client trust accounts, partner distributions, and billable hours that standard bookkeeping may not address properly.
Does ASU have experience with medical practice accounting?
Yes. ASU works with a number of doctors and dentists and understands the unique billing cycles, insurance reimbursements, payroll for clinical and administrative staff, and compliance requirements specific to healthcare practices.
How does ASU help law firms with their bookkeeping?
ASU provides bookkeeping services that include client trust account management (IOLTA), contingency fee tracking, partner draws and profit distributions, payroll for attorneys and staff, and quarterly financial reporting that helps managing partners understand firm profitability.
Can ASU help construction contractors reduce their tax burden?
Absolutely. Contractors often overpay on their taxes due to missed deductions for equipment, vehicles, tools, subcontractor costs, and home office expenses. ASU performs a profitability and tax analysis to ensure you are claiming every legitimate deduction available to your business.
What is ASU's error guarantee for professional services clients?
If we ever make an error on your taxes, we pay all penalties and interest. This guarantee applies to every client regardless of industry — no fine print, no exceptions.
Does ASU handle cash flow management for consulting firms?
Yes. Cash flow management is one of ASU's core services for professional firms. We help you track receivables, manage payables timing, plan for estimated tax payments, and ensure your business always has adequate operating capital.
What compensation planning services does ASU offer for partners and employees?
ASU helps professional services firms develop employee and partner compensation plans that balance salary, profit distributions, retirement contributions, and benefits in a tax-efficient manner. We analyze your firm structure (LLC, S-Corp, partnership) to recommend the most advantageous approach.
Does ASU serve professional services firms outside of Louisiana?
Yes. With three locations in New Orleans, Baton Rouge, and San Diego, ASU serves professional services clients throughout Louisiana and California. We work remotely with many clients as well.