Most professional services firms track revenue. Few track profitability per client, per project, and per partner. Accrew gives Hong Kong consultancies, law firms, and agencies the financial visibility to grow deliberately — not just busily.
Revenue and profitability are different numbers. Without project-level cost tracking — time, direct expenses, allocated overhead — you don't know which relationships are worth growing and which are costing you margin.
Unbilled work, delayed invoicing, and clients who pay late all show up as a gap between your accrual P&L and your bank balance. Tracking WIP separately from billed receivables makes this visible before it becomes a cash problem.
Revenue recognised in Xero, hours logged in a separate system, invoices in a third — reconciling these each month is manual, error-prone, and gives you numbers that don't reconcile cleanly for audit or partners.
Departmental or partner-level P&L requires dimensional tracking in your accounting system — cost centres, class tracking, or job codes. Without it, you have one number for the whole firm instead of insight by team.
Fixed-fee engagements can be highly profitable or silently loss-making depending on actual hours spent. Tracking time against fixed-fee contracts is the only way to know when to reprice or renegotiate.
Profits tax, MPF, employer returns for every staff member, and an annual audit if you're a limited company. These are non-negotiable. Missing them costs money and regulatory goodwill.
Revenue, direct costs, and gross margin tracked per client or project — so you know exactly where your profit comes from and where it leaks.
We connect your time-tracking tool (Harvest, Toggl, Xero Projects, or similar) to your accounting system so hours, invoices, and revenue reconcile automatically.
Work in progress tracking, invoice aging reports, and AR follow-up reminders — so your cash position reflects where you actually stand, not just what's been billed.
Cost centre or class tracking in Xero so you can see performance by team, partner, or service line — not just the firm as a whole.
P&L, balance sheet, cash flow, and a written review each month. Presented clearly enough that you can share it directly with your partners or board.
IRD profits tax return preparation, deductible expense review, and filing support — with the context of your books throughout the year, not a rushed catch-up at year-end.
Mandatory Provident Fund contributions calculated and remitted for every employee, every month. Employer returns filed on time, every year.
Use your profitability data to model the impact of rate increases, new service lines, or headcount changes before you commit. CFO-level advisory available on Growth and Enterprise plans.
Compliance-heavy practices that need clean trust account separation, matter-level billing, and IRD-compliant records. We understand the recordkeeping standards your regulatory body expects.
Project-based engagements with variable revenue and reimbursable expenses. We track project margins and ensure your billing matches the engagement letter — project by project.
Retainer and project mix, media spend that passes through your books, and a team where headcount is your biggest cost. We track gross margin by client and flag when a relationship goes underwater.
Independent advisory firms and boutique financial services practices that need clean books and proper records to satisfy their own clients and regulators.
Long-cycle projects with staged billing and cost-to-complete tracking. We monitor project budgets vs actuals and ensure revenue is recognised when milestones are earned.
Placement fees, retainer models, and training revenue — often with different margin profiles. We separate them clearly so you know what's driving profitability.
The Growth plan (HKD 12,000/month) covers up to 400 transactions/month, weekly KPI dashboard with per-client metrics, monthly management report, and all HK compliance obligations. Firms with multiple entities or higher volume should enquire about Enterprise.
Start with a 30-minute conversation. Tell us about your firm's structure, current setup, and what you'd most like to understand about your business — and we'll tell you exactly how we'd approach it.
No commitment. No sales script. Just an honest conversation about your numbers.