Industries

Business Consultants

Industries We Serve

Consult the Experts: Financial Excellence for Business Consultants

Are you so busy advising clients that your own finances are neglected? Struggling with project-based accounting and revenue recognition? Finding it challenging to manage cash flow with fluctuating project cycles?

At Proactive Business Services, we provide specialized financial solutions for business consultants and service providers, helping you practice what you preach in financial management while navigating the unique challenges of the consulting industry.

Why Choose us for Your Consulting Business?

Industry-Specific Knowledge

We understand the unique financial challenges of consulting firms, from project-based accounting to variable revenue streams.

Scalability Focus

Our solutions are designed to support your growth, whether you're a solo consultant or a large firm.

Compliance Mastery

Stay ahead of regulatory requirements and tax obligations specific to consulting services.

Technology Integration

Leverage cutting-edge financial tools and project management software to streamline your operations.

Benchmark Analysis

Benefit from our deep understanding of consulting industry benchmarks and key performance indicators.

Strategies for Consultants and Service Providers

Project-Based Accounting

Implement robust systems for tracking time, expenses, and profitability by project

Optimize billing and invoicing processes for timely cash flow

Develop strategies for managing work-in-progress (WIP) and unbilled receivables

Revenue Recognition

Navigate complex accounting standards for long-term contracts and milestone-based projects

Implement systems to accurately recognize revenue for ongoing engagements

Cash Flow Forecasting and Management

Develop accurate cash flow projections accounting for project cycles and payment terms

Implement strategies to manage working capital effectively

Create contingency plans for gaps between project completions

Profitability Analysis

Analyze profitability by project, client, and service line

Develop pricing strategies to maximize returns on your service offerings

Identify opportunities for cost optimization and efficiency improvements

Tax Planning and Compliance

Develop tax strategies specific to consulting businesses

Navigate complex issues related to multi-state and international tax obligations

Maximize deductions while ensuring compliance with tax regulations

Financial Reporting and Analytics

Create customized financial reports tailored to consulting business needs

Provide real-time insights into key performance indicators

Develop financial models to support strategic decision-making

Business Valuation and Exit Planning

Provide valuation services for your consulting practice

Develop strategies for building long-term value in your firm

Assist with succession planning and exit strategies

Industry Benchmarks and Key Performance Indicators

Understanding industry benchmarks and KPIs are crucial for success in the consulting sector.

Key Metrics We Monitor:

Utilization Rate

Measures how much time is spent on billable work. Calculated by dividing billable hours by total work hours. Aim for 75-85%.

Realization Rate

Shows how much of billed time you actually collect. Calculated by dividing the collected amount by the billable amount. Aim for 90% or higher.

Project Profitability

Indicates how much money projects make. Calculated by dividing project profit by project revenue. Target for 20-30%.

Revenue per Consultant

Reflects how much money each consultant brings in. Calculated by dividing total revenue by the number of consultants. Aim for $200,000-$300,000.

Client Concentration

Indicates if you depend too much on one client. Calculated by dividing the largest client's revenue by total revenue. Aim for no client to be more than 20%.

Understanding these metrics helps businesses to

Quickly identify areas of your practice that may be underperforming

Provide targeted advice for improvement based on consulting industry best practices

Help you set realistic goals and KPIs for your specific type of consulting business

Benchmark your performance against industry leaders and competitors

What Our Clients Say

          
   Eleonore Baudry 
 2021-07-17
 
 
  I mostly speak with Bernadette who is really nice, approachable and responsive. The team is really amazing, quick and professional! I am so happy to have these guys on my side especially during this weird time! Thank you Ray, Bernadette, Jan and the rest of the team!
  
 
       
   Phoebe O'Sullivan 
 2021-06-09
 
 
  I highly recommend Ray and his excellent team at Proactive Business Services to anybody who would like to make their business life easier. They are extremely knowledgeable, helpful and willing and able to answer any question. Ray is an excellent business mentor and accountant, the professional conduct of the team, excellent attention to detail and customer service and overall reliability of PBS shows their years of experience and excellent accounting practices.
  
 
       
   Chris Burnett 
 2020-10-28
 
 
  Very happy with the professionalism of this company.  Staff provide thorough and consistent services, promptly, and are always friendly and helpful.  I can highly recommend PBS.
  
 
       
   nicole altmann 
 2020-08-27
 
 
  I do not have a complex tax return application. Nevertheless, Bernadette and Ray and their team at PBS are exceptional in looking after me. It is an annual pleasure to lodge my tax with them due to their professional, tailored service. Thank you. I am looking forward to meet with you next year again!
  
 
       
   Tom Giles 
 2020-08-23
 
 
  Bernadette and Ray and Jan go over and above to provide the best possible service in a friendly and timely manner. Strongly recommend.
  
 
       
   Adele Smith 
 2020-07-23
 
 
  My fiance and I have been using the services of PBS for a number of years now and cant recommend them highly enough. They have been personable,  professional and highly knowledgeable with all things accounting and finance. Between us we have a small business, joint and individual tax and financial requirements so we often have many questions or are seeking advice, the team at PBS are always quick to help and often come to us lending advice before we have even called them.
  
 
       
   Phil Sansome 
 2020-07-22
 
 
  Proactive Business Services have a dedicated, highly focussed and entirely professional team  - concise and timely advice, pro-active and efficient in all dealings whether small or complex. Highly recommended
  
 
       
   Rachel Heath 
 2020-03-06
 
 
  I highly recommend Ray, Bernadette and the team at Proactive Business Services. They have been wonderful, providing guidance and advice every step of the way as I opened and ran my new business. It’s a true partnership I am very grateful for. Thank you.
  
 
       
   Danny Godward 
 2020-02-09
 
 
  Changed accountants as I wanted a more personal service. Very friendly and very professional. Gave me great advice for my business and set me on the right track. Would highly recommend.
  
 
  
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Strategize Your Path to Financial Success

Book a free consultation to discover how we can optimize your consulting firm's finances and support your business growth.

Schedule Your Free Consultation

Common Challenges for Business Consultants

Complex project-based accounting and revenue recognition

Cash flow management with variable project cycles and payment terms

Pricing strategies for different types of engagements

Resource allocation and utilization optimization

Managing overhead costs while scaling the business

Compliance with varying tax obligations across different jurisdictions

Balancing reinvestment for growth with profitability

Succession planning and exit strategies

Ready to Elevate Your Consulting Firm's Financial Performance?

Contact us now to engage our expertise for your financial success. Let us handle the numbers while you focus on delivering exceptional value to your clients.

Why Business Consultants Trust Proactive Business Services

Consulting Industry Focus

Our team has extensive experience working with consultants across various specialties and firm sizes.

Strategic Partnership

We act as your advisors, providing insights to drive growth and profitability in your consulting practice.

Technology Integration

We help you leverage the latest financial and project management tools to streamline your operations.

Scalable Solutions

Our services grow with you, supporting your journey from solo consultant to thriving firm.

Holistic Approach

We consider all aspects of your consulting business, from project management to long-term value creation.

Proactive Business Services: Your Trusted Advisor for Consulting Finance Excellence

Don't let financial complexities hold your consulting business back. Build a robust financial foundation that supports your expertise and fuels your growth. Optimize your financial performance and focus on what you do best – delivering transformative insights to your clients. Let us be your partner in financial success and business growth.

Book Your Free Consultation Contact Us