Accounting for Likely’s Professional Services Enterprises

Certified India-based team with CPA oversight. WIP reporting, utilization metrics, and project profitability made simple.

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Service firms in Likely depend on accurate time-tracking, clean billing cycles, and reliable monthly reporting. Our professional services accounting model helps Likely agencies, consultancies, legal firms, engineering teams, and advisors organize their financials so every hour and engagement is reflected correctly in revenue.

We refresh your Likely accounting workflow by structuring billable vs. non-billable categories, integrating time-tracking or CRM tools, aligning project/retainer billing, and organizing reimbursable expenses. This improves margin accuracy, clarifies utilization rates, and creates a smoother monthly close for your Likely leadership team.

Likely is a hub for consulting firms, legal practices, and financial services firms.

Client Reviews

We support business owners across the country with reliable, remote bookkeeping. Here’s what a few of them say:

Utilization analysis gave us clear insight into profitability.

Mark J, Consulting CFO

Our board trusts the new financial packs.

Karen J, Audit Partner

Client billing reconciliations are accurate.

Jennifer F, Billing Supervisor

Trusted by thousands of businesses, see what our customers say.

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Frequently Asked Questions

Do you handle marketing agencies?

Yes, including project billing and profitability reports.

Do you provide board-ready packs?

Yes, with WIP schedules and utilization metrics.

Do you provide utilization metrics?

Yes, to track efficiency and resource allocation.

Can you manage multi-entity firms?

Yes, with consolidated reporting.

How is pricing structured?

Flat monthly retainer based on project volume and complexity.

Do you prepare project profitability reports?

Yes, by project, client, or practice.

Do you support IFRS as well as GAAP?

Yes, for global firms.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Likely service firms often connect this model with AR Outsourcing for consistent billing, Controller/CFO Services for budgeting and staff utilization analysis, and Outsourced Accounting for daily operational support. Firms with multiple practice areas use Multi-Entity Consolidation, while those managing retainers or subscription-like contracts integrate ASC 606. Payroll Processing and Sales Tax Compliance also become essential as your Likely firm scales.