Managed service providers and IT consultants run on recurring contracts, pass-through software and hardware costs, and often a mix of employees and contractors. Epsilon Accounting Solutions helps IT firms track recurring revenue properly, understand real margins, and plan taxes as the business grows.
Where We Help Most
- Recurring and prepaid contract revenue recorded when it’s earned.
- Software licenses and hardware resold to clients tracked separately from service revenue.
- Contractor versus employee decisions and 1099 reporting.
- Entity, S-Corp, and owner compensation planning.
- Monthly reporting on recurring revenue and gross margin by service line.
Margin on Services Versus Resold Products
Reselling licenses and hardware can inflate revenue without adding much profit. We separate pass-through costs from service revenue so you can see the margin on your managed services, which is the number that tells you whether pricing and staffing are working.
What Working With Us Looks Like
Most IT services clients send documents through our secure portal and hear from us once a month with clean reports and any questions. Before key deadlines we check in on estimated taxes and planning moves, so tax season is a review of work already done rather than a rush to catch up.
What We Provide
- Monthly bookkeeping and financial statements
- Business tax preparation
- S-Corp formation and tax planning
- Payroll services
- Part-time CFO guidance for growth decisions
We work with IT consultants and MSPs in Edmond, Oklahoma City, and across Oklahoma, and serve clients in other states virtually. See the other industries we serve.
Let’s look at your numbers together. Call (405) 458-8949 or schedule a consultation.