Professional services

Professional service firms are built around expertise, relationships, people, and time. But as the business grows, owners need more than a year-end tax return to understand how the company is performing.

BAMS provides accounting and financial management support that helps professional service businesses understand revenue, expenses, cash flow, profitability, and the financial impact of growth.

Reliable accounting creates a foundation for better business decisions. The U.S. Small Business Administration identifies financial statements, cash-flow management, projections, and expense analysis as important components of business financial management.

For professional service firms, those fundamentals can help leadership answer practical questions:

• Are revenues growing profitably?
• Can the business afford another employee?
• How much cash does the company need to maintain?
• Are expenses increasing faster than revenue?
• What does the next quarter or year look like?
• BAMS helps create the reporting and financial processes needed to answer those questions.

Services may include:

• Monthly accounting and reconciliations
• Financial statement preparation
• Accounts payable and receivable support
• QuickBooks Online support
• Cash-flow reporting
• Budgeting and forecasting
• Management reporting
• Profitability analysis
• Accounting process improvement
• Controller services
• Fractional CFO support
• Tax preparation and support

A growing professional service firm may begin by needing dependable monthly accounting.

Over time, leadership may need more sophisticated reporting, budgets, forecasts, cash-flow planning, or Controller and CFO-level support.

BAMS provides a scalable approach so the financial function can evolve alongside the business.

You built your business around what you do well. BAMS helps strengthen the accounting and financial management behind it.

Smart. Sustainable. Service.