Follow each engagement through the month
We connect approved fees, time records, subcontractor costs, reimbursable expenses and customer invoices. Work awaiting approval is shown separately from issued invoices. Advance payments remain tied to the relevant engagement and the agreed accounting treatment.
This structure helps a small firm discuss write-offs and scope changes while the details are fresh. It also creates a useful record for GST and Saskatchewan PST review where the particular professional service is taxable. The service description matters more than the broad label consulting.
An example of capacity and collections
Imagine a hypothetical advisory engagement with a $14,000 approved fee. The team has invoiced $8,000 and received $5,000. The review distinguishes $3,000 of invoiced receivables from $6,000 of approved fees not yet invoiced. Neither figure establishes the amount of work already earned without reviewing the engagement and progress.
Make administration part of the routine
We separate business and personal payments, track subscriptions and prepare the year-end handoff. Home-based firms receive a reminder to confirm City licensing and operating limits for their actual activity. A move into commercial premises becomes its own project budget, with deposits and setup spending distinguished from ordinary monthly costs.
Questions about this work
Can you help identify unbilled work?
Yes. We reconcile the engagement schedule with approved scope and invoicing. The owner confirms progress and billability before figures are finalized.
Will bookkeeping replace professional tax advice?
No. We prepare organized records and highlight classification questions for your tax adviser. Complex tax positions require their own assessment.
Put this into practice
Sources and current guidance
A practical next step
Bring the records you have.
We can identify missing information, agree on the scope and organize the next bookkeeping step.
Request a bookkeeping review