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100+
Clients Served
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100000+
Invoices Processed Per Month
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500+
Completed Projects
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5000+
Reconciliation in a Month
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150+
Team Size
Project Accounting Services for US Businesses: Track Costs, Manage Budgets, Report WIP
At Whiz Consulting, we bring clarity to your project finances and deliver actionable insights that help you manage budgets, costs, billings, and optimize resources effectively. With 11+ years of experience and a team of 150+ expert accountants, we offer personalized project accounting services. Our experts ensure you have transparency and efficiency at every stage, so you can have the confidence to achieve your project goals.
Project Accounting Challenges We Tackle for US Firms
With our project accounting services, we streamline your finances and ensure accurate cost tracking to keep your projects profitable.
Inefficient Billing Systems
Disorganized billing processes can lead to delayed payments, client dissatisfaction, and cash flow interruptions. We address these bottlenecks and ensure timely payments for consistent cash flow for you.
Misaligned Project Costing
Inaccurate costing can cause budgets to spiral out of control and impact overall project profitability. Our robust cost allocation systems ensure precise tracking of every expense for efficient resource management.
Tax Support
As part of our project accounting services, we ensure your business remains fully compliant with IRS regulations and US GAAP requirements. Our experts assist with 1099 filings, corporate tax returns (Forms 1120, 1120-S), and other statutory requirements.
Hire a Project Accounting Expert Who:
Why Choose Us?
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Value-Driven Accounting
Our project accounting services provide actionable insights that help US businesses make informed financial decisions.
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Accounting Automation
By integrating AI and automation into your accounting systems, we deliver accurate, real-time project financials.
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Outsourcing Expertise
With over a decade of experience supporting US businesses, our outsourced project accounting services ensure IRS and US GAAP compliance.
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Dedicated Accountant
You’ll be paired with a dedicated project accountant who understands your industry and tailors accounting solutions to your budgets.
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Real-Time Support
Our team provides continuous support and real-time updates to keep your accounting processes transparent and efficient.
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Cost Efficiency
Outsource your project accounting functions to reduce overhead, eliminate inefficiencies, and allocate resources more effectively.
Behind on
your books?
Behind on
your books?Take advantage of Catch-Up Bookkeeping, and you’ll never feel behind on your books again.
Our Technology Partners
Empowering innovation with cutting-edge solutions designed to drive efficiency and transformation.
- Tailored Onboarding
- Seamless Integration
- Data Migration Support
- Dedicated Account Manager
- No Disruption to Operations
- Scalable Solutions
Switching to Whiz is Simple!
Making the shift to a new accounting partner might seem daunting, but with Whiz, it's a hassle-free experience. We guide you every step of the way, ensuring a smooth transition with no downtime or disruptions. Focus on what you do best while we take over the responsibilities of your books.
Client Testimonials
See how we've helped others achieve their financial goals with personalized solutions and expert guidance.
"Excellent work with invoicing automation and AP & AR processing. Highly recommended!"
Aaron Attwell
Director
"Excellent team to work with. Great work. Will use their service again for sure."
Jon Kontopos
Vice President
"Exceptionally understanding and competent team. A wonderful experience."
Andy Seth
CFO
"Your team has been outstanding, and we're truly grateful for the exceptional service you've provided in managing our accounting and bookkeeping. The positive outcomes and seamless interactions have been invaluable to us."
Kevin G. Gilles
Founder & CEO
"We wanted to thank you for all of the work and efforts you have completed on our behalf in assisting with the management of our accounting and bookkeeping over the last several months. We have had nothing but positive results and interactions with the Whiz team."
Christopher T. Wright
CFO
"Let me open by saying how pleased I am working with you and the team. It has been an excellent journey so far and I very much appreciate the efforts over the last year."
Kendall Schoenrock
President, SilverRock Ventures
" Love working with the team. Very reliable and responsible"
Nikolas Dimitroulakis
Co Founder
How It Works
We simplify the process to help you achieve your financial goals with ease.
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Seamless Transition
We ensure a smooth, hassle-free transition, minimizing disruption to your operations.
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Transparent Communication
We keep you informed at every step with clear, open communication.
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Accurate Finances
Our team provides precise financial tracking to ensure everything stays on budget and within scope.
Have questions in mind?
Find answers here...
Project accounting — also called job cost accounting — tracks revenues, costs, and profitability at the individual project or job level, not just at the company level. Unlike standard accounting which consolidates all activity into a single set of books, project accounting uses project cost codes to attribute every expense, labour hour, and invoice to a specific job, giving project managers and CFOs line-of-sight into each project’s financial performance in real time.
Work in Progress (WIP) reporting tracks the financial status of projects that have been started but not yet completed. It shows how much revenue has been earned versus how much has been billed — identifying projects that are over-billed (a liability) or under-billed (revenue not yet invoiced). WIP reports are essential for construction, professional services, and any business that bills clients on a project or milestone basis.
Project accounting is most commonly used in construction, architecture, engineering, IT consulting, marketing agencies, legal firms, real estate development, and government contracting. Any business that manages multiple simultaneous projects and bills clients by project, milestone, or time-and-materials arrangement benefits from job-cost accounting.
The cost of outsourced project accounting depends on the number of active projects, complexity of billing arrangements (fixed fee, time-and-materials, milestone), and reporting requirements. Outsourcing is typically 40–60% less expensive than maintaining an in-house project accountant. Contact us for a custom quote based on your project portfolio.
Yes. All project reports we prepare — including WIP schedules, cost-to-complete estimates, revenue recognition calculations, and profitability analysis — comply with US GAAP, including ASC 606 (Revenue from Contracts with Customers) for revenue recognition on long-term contracts.
Yes. Each client is assigned a dedicated project accountant who understands your specific project structure, billing arrangements, and reporting requirements. They monitor budgets, track timelines, analyse profitability, and provide regular project financial updates.
We work within your existing accounting environment and are proficient in QuickBooks Online (Projects module), NetSuite Project Accounting, Sage Intacct, Microsoft Dynamics 365 Project Operations, Deltek, and other project-oriented accounting platforms. We do not use general project management tools like Trello or Asana for accounting work.
Streamline Your Finances, One Step At A Time
Let us take care of your books and make this financial year a good one.
Project Accounting Services for US: Gain Expert F&A Support
At Whiz Consulting, we provide outsourced project accounting services designed for US businesses managing complex budgets, multiple stakeholders, and fast-moving timelines. Our expert accountants ensure every dollar is tracked, every report is accurate, and every project stays financially transparent. By outsourcing your project accounting to us, you gain better control, improved efficiency, and the freedom to focus on delivering successful outcomes.
Get a CallHandling project finances in-house requires significant resources and expertise. Our accounting outsourcing services reduce the need for hiring and training staff, saving you both time and money while ensuring accuracy.
Our project accountants are well-versed in US GAAP regulations and ensure that every project report, budget, and revenue recognition entry is in compliance.
We utilize advanced project accounting software, such as Trello and Asana, to manage your financial data. We automate routine processes like invoicing, cost allocation, and reporting, to improve the overall financial efficiency of your business.
With the integration of project management accounting tools, our outsourced services offer real-time financial reports and dashboards. These insights enable businesses to make informed decisions, adjust budgets, and optimize resource allocation.
Outsourcing allows US businesses to scale their accounting support based on their project requirements. Whether managing a single project or multiple initiatives, our outsourced project accounting services provide the flexibility to meet your needs.
We integrate effortlessly with your project management and accounting platforms, such as Asana, Trello, QuickBooks, Xero, and NetSuite. Further, we also ensure smooth communication via Slack, Zoom, or MS Teams, so we remain in close contact.
With ISO 27001 and SOC 2 certifications, we maintain bank-grade data security, so you don’t have to sweat over the security of your financial information. All your projects’ data is encrypted, access-controlled, and managed under strict confidentiality standards with us.
