• Product
    • Take a Tour
    • Features
    • Project Templates
    • Apps & Integrations
    • Security
    • Watch Live Demo
  • Solutions
    Teams
    • Project Managers
    • Marketing
    • Creative
    • Professional Services
    • Product Development
    • Business Operations
    • All Teams
    Use cases
    • Enterprise Project Management
    • Agency Project Management
    • Agile Project Management
    • Project Portfolio Management
    • Resource Management
    • Working From Anywhere
    • All use cases
  • Pricing
  • Resources
    Learn more
    • Resources
    • Wrike blog
    • Webinars
    • Customer stories
    • Educational Guides
    About
    • Partners
    • Company
    • Careers
    • Newsroom
    • Events
    Support
    • Professional Services
    • Help Center
    • Community
    • Interactive Training
    • Support Packages
Log in
  • Contact Sales
  • Company
  • Careers
  • Contact Sales
  • Company
  • Careers
  • English
    • English
    • Dansk
    • Deutsch
    • Español
    • Français
    • Bahasa Indonesia
    • Italiano
    • Bahasa Melayu
    • Nederlands
    • Norsk
    • Polski
    • Português (BR)
    • Svenska
    • Русский
    • 日本語
    • 한국어
    • 中文(简体)
    • 繁體中文
    • Český
    • Română
    • Ελληνικά
    • Eesti
    • Magyar
    • Lietuvių
    • Türkiye
  • Product
    • Take a Tour
    • Features
    • Project Templates
    • Apps & Integrations
    • Security
    • Watch Live Demo
  • Solutions
    Teams
    • Project Managers
    • Marketing
    • Creative
    • Professional Services
    • Product Development
    • Business Operations
    • All Teams
    Use cases
    • Enterprise Project Management
    • Agency Project Management
    • Agile Project Management
    • Project Portfolio Management
    • Resource Management
    • Working From Anywhere
    • All use cases
  • Pricing
  • Resources
    Learn more
    • Resources
    • Wrike blog
    • Webinars
    • Customer stories
    • Educational Guides
    About
    • Partners
    • Company
    • Careers
    • Newsroom
    • Events
    Support
    • Professional Services
    • Help Center
    • Community
    • Interactive Training
    • Support Packages
Log in
Professional Services Guide

FAQ

Menu
Guide overview
  • 1. Professional Services Basics
  • 2. Client Management and Retention
  • 3. Project Definition
  • 4. Resource Planning
  • 5. The Ultimate Guide to Capacity Planning
  • 6. Project Visibility
  • 7. Billing
  • 8. Project Profitability
  • 9. Project Software for Professional Services
  • 10. Glossary
  • 11. FAQ
    • Accounting
    • Client Management
    • Compliance and Legal
    • Professional Services Jobs
    • PS Industry
    • Resource Planning
    • Scope
    • Tax Deductible
    • Taxable
    • Time Tracking
Guide overview
  • 1. Professional Services Basics
  • 2. Client Management and Retention
  • 3. Project Definition
  • 4. Resource Planning
  • 5. The Ultimate Guide to Capacity Planning
  • 6. Project Visibility
  • 7. Billing
  • 8. Project Profitability
  • 9. Project Software for Professional Services
  • 10. Glossary
  • 11. FAQ
    • Accounting
    • Client Management
    • Compliance and Legal
    • Professional Services Jobs
    • PS Industry
    • Resource Planning
    • Scope
    • Tax Deductible
    • Taxable
    • Time Tracking

Frequently Asked Questions

We’ve amassed a large number of frequently asked questions (FAQs) from those in professional services and put them all here in our guide. While some of these terms and concepts may appear in the glossary, the FAQs allow us to dive a little deeper into each idea.

Accounting 5 questions
Are professional services a commodity? Are salaries direct costs for professional services firms? Is CapEx or OpEx the best choice for professional services? How to amortize professional services revenue How to categorize professional services in Quickbooks
Professional Services Guide
  • Project Management for Professional Services Homepage
  • Professional Services Basics
  • What are Professional Services?
  • What Do Professional Service Firms Do?
  • Project Management Challenges
Billing for Professional Services
  • How to Bill for Professional Services Projects
  • Choosing a Billing Model for your Project
  • Billable and Non-Billable Hours
  • Invoicing Clients for Projects
Project Profitability
  • Improving Project Profitability
  • Project Profitability Index
  • Understanding Project Margins
  • Project Time Tracking
  • Understanding Employee Utilization Rates
Defining Professional Services Projects
  • The Importance of Good Project Definition
  • What is a Project Definition?
  • Professional Service Agreements & Contracts
  • Writing a Project Scope Statement
Tools and Software
  • Choosing Project Management Software
  • What is PSA Software Used for?
  • What are the Different Types of ERP?
  • Resource Management Tools
  • Wrike for Professional Services
Resource Planning
  • Resource Planning for Professional Services
  • Capacity Planning
  • Demand Management
  • How to Calculate Load in Resource Planning
Client Management
  • Client Management FAQs
  • How to Respectfully Decline a Client Project
  • What is a Client Project Manager?
  • What Does a Client Project Manager Do?
  • How to Explain Hours to a Client For a Project
Project Visibility
  • Improving Project Visibility
  • What is Visibility in Project Management
  • What is a Project Status Report?
  • Using Project Dashboards
Time Tracking
  • Time Tracking FAQs
  • What is the Best Way to Track Hours for Clients?
  • Why Does Time Tracking Save Money?
  • What are Timesheets?
  • Why Do We Need Timesheets?
Resourcing FAQs
  • Resource Planning
  • What is Enterprise Resource Planning?
  • What is Human Resource Planning?
  • What is resource leveling on a project?
Legal Questions
  • Compliance and Legal FAQs
  • Do Professional Service Corporations Have Limited Liability?
  • Do Professional Service Vendors Need to Produce Certificate of Insurance?
  • Do Professional Services Have an Implied Warranty?
  • Filing as a Professional Service Corporation
Managing Project Scope
  • Project Scope
  • What is Scope Management?
  • What is a Scope Baseline?
  • What is Scope Leap?
Leading сompanies сhoose Wrike
Download our mobile app
for your Android or iOS device
About
  • Company
  • Careers
  • Blog
  • Events
  • Newsroom
  • Contact Us
Wrike
  • Product
  • Pricing
  • Project Templates
  • Customers
  • Apps & Integrations
  • API
  • Security
  • CA Notice at Collection
Solutions
  • Marketing
  • Creative
  • Project Management
  • Product Development
  • Professional Services
  • All Teams
Resources
  • For Project Managers
  • For Marketers
  • For Productivity
  • For Collaboration
  • Project Management Guide
  • Professional Services Guide
For customers
  • Help Center
  • Webinars
  • Community
  • Consultation Services
  • User Conference
  • Wrike Status
  • Wrike Support
For partners
  • Wrike Partner Program
Latest in Wrike Blog
  • Collaborate 2022 Is Here! Get Excited for the Ultimate Work Management Event
  • The State of IT in 2022: Enabling Transparency Between IT and the Business
  • Unravel Complex Collaboration by Working Your Way With Wrike's Custom Item Types
  • 5 Steps to Work Management Success for Marketing Leaders
  • Why Your Team Needs Social Media Automation in 2022
  • RFQs Explained: How to Write a Request for Quote
  • Lessons We Can Learn From the Great Resignation
How Wrike helps you
  • Salesforce project management
  • Gantt charts
  • Collaboration tools for students
  • Task management
  • Google project management tools
Follow us
Language: English
  • English
  • Dansk
  • Deutsch
  • Español
  • Français
  • Bahasa Indonesia
  • Italiano
  • Bahasa Melayu
  • Nederlands
  • Norsk
  • Polski
  • Português (BR)
  • Svenska
  • Русский
  • 日本語
  • 한국어
  • 中文(简体)
  • 繁體中文
  • Český
  • Română
  • Ελληνικά
  • Eesti
  • Magyar
  • Lietuvių
  • Türkiye
©2006-2022 Wrike, Inc. All rights reserved.
Patented. Privacy Policy & Terms of Service.
​