Industries · Professional ServicesAccounting for Professional & Personal Service Businesses in Minneapolis and the Twin Cities
Professional and personal service businesses have financial challenges that product-based businesses don't face.
client profitability · sampleHow CBO helps professional service businesses
We don't do generic accounting for professional services. We do accounting built for service-based businesses.
We work with professional and personal service businesses throughout Minneapolis and the Twin Cities.
Services built for professional services
Everything you need to stay compliant, profitable, and ready for growth.
Professional service accounting FAQs
How much does professional service accounting cost?
Pricing depends on revenue, number of employees/partners, and services you need. Use our pricing calculator to get an instant estimate. Typical professional service businesses pay between $800-$3,500 per month.
Do you handle partnership tax returns?
Yes. We file Form 1065 partnership returns and prepare K-1s for all partners. We'll help you design partner compensation structures that optimize taxes.
Can you track billable hours and WIP?
Yes. We'll set up systems to track billable hours, WIP, and revenue recognition. You'll see realization rates and collection rates.
Do you help with succession planning?
Yes. If you're thinking about retiring or selling, we'll help you prepare your financials, identify value-drivers, and maximize your exit value.
What if I'm behind on my bookkeeping?
No problem. We help professional service businesses catch up all the time. Let us know how far behind you are, and we'll create a plan to get you current.
Ready to work with accountants who understand professional services?
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