Industries
Professional services
For accountants, lawyers, consultants, architects, engineers, marketing and creative agencies, and financial advisers.
In a professional firm, profit depends on how many hours are billed and how fast they become cash. Lock-up and utilisation tell you more than revenue does.
What we track
- Utilisation by person
- Lock-up (work in progress plus debtors)
- Revenue per person
- Write-offs
- Partner drawings against profit
Common cash problems
- Work in progress left unbilled
- Slow collection on large projects
- Partners drawing more than the firm earns
Case study
An engineering consultancy released $264,000 of cash and hired two engineers without using its overdraft.
Read how →Illustrative example. The business and figures are fictional.
Book a free discovery callNext step
Talk to us about your numbers
Book a free 30-minute discovery call. We'll look at where your business is now, where you want it to be, and whether one of our plans fits. You'll know the fixed fee before you commit to anything.
Or call Ian on 0438 802 531 · enquiries@firmgroundadvisory.com.au