Sumi for consulting firms
Accounting for consultants and professional firms.
Bill by the hour, day or project, hold retainers properly and see which clients pay late.
Consultants, accounting and tax firms, IT services, architects.
Built for how consulting firms businesses work.
Retainers held properly
Money paid ahead is kept as client deposits until you've done the work.
Recurring retainers
Monthly retainers invoice themselves and chase late payers.
WHT credits tracked
Withholding tax clients deduct from your fees is recorded as a credit against your income tax.
Sumi Practice for accountants
Accounting firms can run every client's books from one login.
Ready the moment you sign up.
Choose “Consulting and professional firms” when you set up and Sumi creates all of this for you. Change any of it later.
- Accounts for a service business
- Retainers held as client deposits
- Service items priced by the hour, day or project
- Dashboard: fees billed and unpaid work
- Payroll with PAYE, pension and NHF, and invoices your clients can pay by transfer
Accounts added for consulting firms
- 2200 Client deposits and retainers
- 4100 Professional fees
- 5200 Contractors and freelancers
- 6800 Software subscriptions
Starter items you can edit
- Consulting, per hour ₦50,000 per hour
- Monthly retainer ₦500,000 per month
- Website design project ₦1,200,000 per project
Plus a full chart of accounts: bank and cash, receivables and payables, VAT and WHT, payroll, equity and overheads.