 
                                                Managing Time-Tracked Income and Costs for Professional Service Firms: A Bookkeeping Guide
Bookkeeping plays a crucial role in the success of professional service businesses. Unlike traditional product-based companies, service providers—such as consultants, lawyers, architects, marketing agencies, and accountants—generate income primarily through billable hours. Managing time-based revenue and expenses effectively is essential for maintaining profitability, ensuring compliance, and sustaining business growth. Proper bookkeeping not only streamlines financial operations...
                                                
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