Tabs for Professional Services

Services businesses often face challenges with managing complex project-based pricing, tracking billable hours, and ensuring timely payments. These issues can lead to inconsistent cash flow, manual invoicing errors, and difficulties in accurate revenue recognition. Tabs streamlines these processes by automating invoicing, simplifying receivables, and ensuring ASC 606-compliant reporting, helping services businesses maintain financial accuracy and focus on delivering value to clients.

Streamline project or milestone-based billing

Tabs simplifies the billing process for professional services with project-based or milestone billing structures. Whether you invoice by project, hours worked, or deliverables, Tabs ensures accurate, timely invoices that reflect the specific terms of each engagement, eliminating manual tracking and reducing errors.

Flexible contract management

Service businesses often juggle multiple contracts, retainers, and evolving scopes of work. Tabs allows you to easily manage and adjust contract terms in real time, whether you're updating pricing, adding new services, or extending project timelines—without interrupting your revenue flow.

Automate revenue recognition for longer-term engagements

For consulting firms and agencies working on long-term contracts, Tabs automates revenue recognition to ensure you're compliant with ASC 606 and other accounting standards. This eliminates the hassle of manual calculations, reduces the risk of errors, and ensures accurate reporting for each stage of your engagements.

"Tabs is the only software we saw that could fully automate our complex billing and remittances process. Tabs provides all the features we need to manage our receivables in one, easy-to-use platform. Not only are we now saving time on manual tasks, we’re also able to get cash in the door faster."

Sebastian Hart
Director of Finance & Business Development

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