Bookkeeping for Consultants

High-value invoices, long payment cycles, and clients in several countries. Tally Assistant keeps multi-currency income straight, flags the slow payers, and prepares reports you can hand to an accountant.

Quick Answer

Tally Assistant fits consultants with high-value invoices, international clients, and multi-currency income. It generates invoices from a description, tracks payment status with escalation reminders, and reports in a single base currency with daily rates. Consultants needing formal double-entry books or team project accounting should use a traditional ERP.

Best for

  • Consultants billing large invoices on long payment cycles
  • Practices with clients in several currencies
  • Independent advisors who want per-client payment history

Not ideal for

  • Consulting firms with employees and payroll
  • Practices that need project cost accounting against fixed budgets

Reporting is single-entry and file-import based. There is no automated bank feed and no project-budget variance tracking.

The Bookkeeping Reality

How It Works for You

  1. 1

    Invoice and track each engagement

    Describe the engagement in one sentence and let the AI build the invoice with your tax rate. Status tracks from draft to paid, with payment detection linking the money to the invoice.

  2. 2

    Watch client payment behavior

    Each client profile shows payment history and outstanding invoices. The data, not the gut feeling, decides who gets Net 15 terms and who pays on receipt.

  3. 3

    Convert everything to one bottom line

    Multi-currency income converts to your base currency with daily rates. Reports and PPT exports show a single P&L for the whole engagement or the whole year.

The Tools That Do the Work

Frequently Asked Questions

Can I see which clients always pay late?

Yes. Every client profile lists their full payment history and outstanding invoices, so payment behavior is visible per client rather than guessed at.

How do currency conversions work on reports?

Every transaction keeps its original currency. Reports convert all amounts to your chosen base currency using daily exchange rates from the Frankfurter API, so the bottom line is consistent.

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