Accounting for Management Consultants

Case Study

Opencare

Propulo Consulting is a leading global boutique management consulting firm specializing in Safety & Operational Performance, Strategic Advisory, and Training services. With over 18 years of experience and a worldwide network of clients, they are committed to elevating safety culture and operational excellence for global organizations in collaboration with industry leaders.
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"Partnering with LiveCA has transformed our accounting operations. With entities in both Canada and the USA, their comprehensive services ensure that nothing falls through the cracks, providing us with efficiency and peace of mind. I’d highly recommend partnering with LiveCA." - Eric Michrowski, CEO

Before

Used Great Plains as an accounting system and were looking for a tech forward accounting firm to help them digitize during their next stage of growth.

Desktop software
Manual payroll
Multiple accounting contacts
Lacked consolidated insights
Spent non-billable time on administration tasks

After

We worked with them to move everything under one roof for both Canada and the USA, giving them one point of contact for all financial matters through a dedicated team of specialists.

Manage all Bookkeeping, AP, AR, Payroll and Tax functions
Created a consolidated month-end close package for the CEO
Was able to maximize billable hours; spending less time on admin
Added tools like Xero, Dext, HubDoc and Expensify for real-time access to financial data
A full finance team for less than the price of a full-time hire

Management Consultant FAQs

View All FAQs

Can you help me understand profitability on a per project basis?

Yes.

Using Tracking Categories in Xero or Projects/Classes in QBO, we can setup the infrastructure to assign revenue and costs to particular projects.

How much are your services?

It depends. We use a budgeted hour model to determine how much time each function uses on a recurring basis.

We charge a calculated fixed amount per month.

A $10M company with 50 FTEs engaging for controllership, bookkeeping, AP, AR, payroll and tax pays a median price of $7,000/mth.

A $2M company with 5 FTEs using controllership, bookkeeping, payroll + tax pays a median price of $2,000/mth.

How do you handle rebillable expenses?

Through the use of tools like Dext, Expensify, Concur, or Harvest we can build processes to ensure no expenses are missed on outgoing invoices.

Can I scale up or down?

Absolutely.

We recognize there are many factors that can affect your business like seasonality, economic conditions and new business opportunities.

To that end, we can amend services up or down as required.

Who else do you work with?

We've worked with many management consultants and professional service firms over the years with varying degrees of complexity.

If after meeting you'd like to speak to an existing customer, let us know and we'll do our best to facilitate.