Financial solutions for professional services
A professional services business is a business providing knowledge-based expertise to its client base.
North Advisory is a part of this professional services landscape itself, and it is our expertise to offer a range of financial solutions to suit professional services firms working alongside us across Australia.
Some of the types of businesses that fit into the professional services landscape include:
- Law firms
- IT companies
- Architects
- Marketing consultants
- Engineers
- Physicians
- Supply chain management
This list is not exhaustive and at North Advisory, we are lucky enough to service a wide range of professional services clients who turn to us for financial advice, accountancy and business operations and advisory services.
“Professional service firms need financial strategies that support growth without compromising cash flow or compliance.”
Accounting processes for professional services
Setting up a streamlined accounting process is integral to running a successful business.
At North Advisory, we do more than just provide accounting and bookkeeping services for your business – we partner with you to get to know your business from the inside out – to understand your challenges and to help you harness your growth potential.
We assist professional services firms at every stage of their business lifecycle, from start-up to growth and established outfits.
As a boutique service provider, we foster genuine relationships with our professional services clients and work alongside you to:
- Give you the time and peace of mind to focus on your core business
- Support your path to growth
- Streamline your financial processes
- Deliver effective and bespoke financial solutions.
The accounting requirements of each professional services firm are different, and before we choose a process that best suits your needs, we take into account your:
- Payment methods
- Pricing
- System integration
- Invoicing
- Policies and processing fees.
Unsure of the accounting process that would best suit your needs?
Connect with our team today to seek professional expertise and tailored accounting services.
Insights, thought leadership and inspiration
At North Advisory, we do more than just balance the books.
Our professional services clients work in fast-paced environments and must adapt to industry change and constant regulatory and compliance changes.
Our business operations and CFO services begin with a specialist team member sitting down with you to discuss your business goals.
We provide expert analysis of all your business financials and operational activity, offer advice and guidance on how to streamline your activities and assist you in achieving more efficient outcomes and subsequently increasing profitability.
These services, combined with our corporate advisory solutions, assist you in accessing strategic advice and guidance when you need it most.
Interested to know more about how you can tap into our insights?
Contact our Chartered Accountants to tap into their exceptional industry experience.
Whether you are in design and engineering, tech and digital, allied health or construction, we can help you grow your business.
“The right financial structure allows professionals to focus on clients, not paperwork.”
Save time and take advantage of our experience
As a fellow professional services industry player, we know that you don’t have time to worry about the micro details.
But you may be tired of chasing payments, unsure of the right software to manage your finances or looking to free up your working capital.
At North Advisory, we have proven experience working with professional services firms to support their business operations, fine-tune their financials and take the hassle out of business ownership.
To access a complete range of business accounting services and corporate advice that will put you on the path to sustainable success, book a meeting with us today.
About the author
Cayle Petritsch - Director & Wealth Advisor
Cayle Petritsch, Director and Wealth Advisor, works with our existing clients who have recognised the importance of business owners making strategic financial choices not only for their company, but for their personal finances too.
Cayle saw a great opportunity to expand North Advisory’s services into SMSF/superannuation, personal wealth management, asset protection services and other crucial personal finance facets that business owners need to consider.
His approach to wealth management allows you to receive highly personalised wealth advice. Working closely with Marius, Cayle understands the unique needs of every client, from their lifestyle and business goals to their retirement plans.
Key Takeaways
Professional Services Have Unique Financial Needs
Income structure, liability risk and compliance requirements differ from other business types.
Cash Flow Management Is Critical
Strong systems and forecasting help smooth income variability and support stability.
StructureImpacts Tax and Risk
Choosing the right entity and ownership structure affects tax efficiency, asset protection and flexibility.
Driven by our values
Effortless and Seamless
On-Boarding Process
Intuitive and Knowledgeable
Direct Expert
Access
Useful and Articulate
Financial
Reporting
Forward
Thinking
Compliance Solutions
Streamlined
Tech
Integrated and Automated
Frequently Asked Questions
What are professional services businesses?
Professional services businesses typically provide specialised expertise or advice, such as legal, medical, consulting, engineering or advisory services.
Why do professional services need tailored financial solutions?
These businesses often have high income variability, complex structures and unique tax considerations that benefit from specialised financial planning and advice.
What financial challenges do professional service firms commonly face?
Common challenges include managing cash flow, structuring the business efficiently, meeting compliance obligations and planning for growth or succession.
How can accounting and advisory services support professional firms?
Accounting and advisory services help with tax planning, financial reporting, cash flow management, business structuring and long-term strategic planning.
When should a professional services firm seek advice?
Advice is valuable at all stages — from start-up and growth to restructuring, expansion or exit planning.
Do you only help with bookkeeping, or can you help with operations too?
We do more than bookkeeping — we work alongside professional services firms with financial advice, accounting, and business operations and advisory support
North Advisory’s Reviews 
On 
Flo Mitchell
4 weeks ago
Changed to this company in 2019 from former accountant and love their approach of organizing everything for me face to face with Xero set up plus being able to call as much as I need for set annual fee. They also picked up on something that was not done correctly by my former accountant and saved me $4k for this.
Timothy Cummins
A month ago
They the truly the best, Martin and Judy are so experienced, knowledgeable & professonal, also quite like speaking with Rose : ) all people are so lovely!
Michael Iera
2 months ago
Positive, Responsiveness, Quality, Professionalism, Value
Michael Iera
2 months ago
Excellent company in regards to service and professionalism. Very experienced in dealing with complex matters. Highly recommended.
Reach out we are here to help
Recognising the uniqueness of each business, we specialise in customised accounting services crafted to meet your specific needs and drive business growth.
Don’t hesitate to contact us if you’re ready to streamline your financial management with tailored solutions. Your business’s success is our primary focus. Fill in the contact form or call us to book an initial 30-minute chat.
Suite 6, 11 Oaks Avenue
Dee Why, Northern Beaches
NSW 2099
Australia