P&L for Professional Services

Industry: Professional Services

Use case: P&L for a niche consulting & professional services firm The following P&L statement for a professional services firm helps analysts and decision-makers with the following:

• Track revenue and expense items by their key lines of businesses (Services & Training)
• Measure average billing rates & utilization metrics by customer segments (Key vs Emerging Accounts)
• Track expenses allocated to the LoBs and corporate levels
• Measure gross margins by the line of business and overall organization
• Track performance against budget
• Plan & budget for new business cycles