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for professional services

Revenue is earned by the hour. Aleq is the ledger that recognizes it.

Aleq is the books for services firms — it recognizes project revenue over time under ASC 606, carries unbilled WIP off time entries, and ties utilization, realization, and project margin back to a sealed ledger.

See it on your booksHow it works
synced from your PSA & time entries · ties to the ledger
Project revenue · livelive
over time, as deliveredRecognized this month$412,000
Unbilled WIP$186,400
Utilization74%
Project margin38.5%
Recognized as delivered · ties to the GLon schedule
project revenue · recognized over time
74%
Utilizationbillable over capacity
91%
Realizationrealized over standard rate
$186K
Unbilled WIPearned, not yet invoiced
38.5%
Project marginby engagement, daily
The reality today

Time is logged, but revenue and WIP are a month-end reconstruction.

Consultants log hours, fixed-fee projects burn against budget, and T&M work invoices on its own cycle. Revenue earned, amounts billed, and unbilled WIP rarely agree until someone rebuilds them at close. Percentage-of-completion is a spreadsheet, and project margin is known only after the engagement ends. Aleq recognizes as the work is delivered and keeps WIP current to the last time entry.

the close, by hand
PSA / time trackerExcel % completeBilling toolNetSuitemonth-end rebuild
one ledger — read, derived, posted, signed
How it works

Hours are logged. Revenue recognized over time.

Earned revenue, amounts billed, and unbilled WIP rarely agree until someone rebuilds them at close. Aleq recognizes as the work is delivered and keeps WIP current to the last approved timesheet.

Engagement · ENG-540 · fixed feederived
1
Read · approved time entries
Pulled delivery against the budget
Contract price$420,000
Budgeted cost$260,000
Cost incurred to date$161,200
2
Measured · cost-to-cost
Computed percent complete
Percent complete62%
Revenue earned to date$260,400
Recognized in prior periods$218,400
3
Booked · over-time recognition
This period's earned revenue
DRUnbilled WIPcontract asset$42,000
CRProject revenue$42,000
Recognized as delivered · WIP currentposted
What Aleq runsautonomous
Over-time recognition under 606Aleq recognizes project revenue over time using percentage-of-completion (cost-to-cost or hours), so revenue tracks delivery — not the invoice schedule.
Unbilled WIP off time entriesHours logged against a project accrue as unbilled WIP and contract assets, then relieve as invoices are raised — so earned-but-unbilled revenue is always visible.
T&M and fixed-fee, handled distinctlyTime-and-materials engagements recognize as delivered and billed; fixed-fee projects recognize on completion measure with budget-to-actual tracked against the estimate.
Utilization & realization derivedBillable, non-billable, and realized hours are tracked against capacity, so utilization and realization come straight from the same ledger as revenue.
Project margin by engagementRecognized revenue, labor cost, and pass-through expenses roll into margin per project and per client — current to the last approved timesheet.
what Aleq does

The books for professional services, run for you.

Aleq is the system of record and the controller that runs it — it does this work autonomously, inside your policy, and signs every move. Not a tool your team feeds; the colleague that closes the books.

the whole close

And it runs the rest of your close, too.

Recognition is the hard part for services firms — but Aleq is the whole ledger, from the timesheet to the bank.

Billing & AR

Invoices, receipts, and collections on the ledger.

Bank reconciliation

Deposits and payments matched to the bank, nightly.

Revenue · over time

Project revenue recognized under ASC 606.

Expenses & vendor pay

Subcontractors, T&E, and pass-throughs paid on approval.

Continuous close

Accruals and the month sealed, day by day.

Commissions · ASC 340

Sales commissions capitalized and amortized.

Multi-entity

Offices and entities consolidated into one close.

General ledger

Every hour traceable, always balanced.

From the field
“Consultants log hours, fixed-fee projects burn against budget, and T&M invoices on its own cycle. Revenue earned, billed, and unbilled WIP never agree until someone rebuilds them at close.”
Controller · professional-services firm
PSAExcel % completeBillingNetSuitemonth-end rebuild
What Aleq does instead

Aleq recognizes project revenue over time from approved time entries, accrues unbilled WIP as a contract asset, and ties utilization, realization, and project margin to the same ledger — current to the last timesheet.

the whole batch, before you open itposted
built on the standards you live on

It speaks your accounting natively.

The standards and subledgers your model runs on — derived and posted by Aleq, not configured by you.

ASC 606 · Over-timeASC 340 · CommissionsPercentage-of-completionUnbilled WIP / contract assetsT&M vs. fixed-feeProject cost subledgerDeferred & unearned revenue

Rebuilding WIP every month-end?

Connect your PSA and bank read-only. In 48 hours Aleq recognizes a period over time and shows unbilled WIP by engagement, signed.

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