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

We refresh your Ovid 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 Ovid leadership team.

Ovid 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:

We scaled during busy seasons without hiring.

David L, Operations Manager

Our consulting firm improved margins by 8%.

Daniel B, CEO

Project profitability reporting is now reliable.

Emily R, Senior Accountant

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

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Frequently Asked Questions

Are your bookkeepers local to Ovid?

Our team operates remotely but assigns a dedicated manager in your time zone.

Do you support consulting firms?

Yes, with utilization analysis and WIP reports.

Do you handle marketing agencies?

Yes, including project billing and profitability reports.

How fast can you start in Ovid?

Most accounts go live within 2–3 business days after onboarding.

Do you support IFRS as well as GAAP?

Yes, for global firms.

Do you work with CPAs in Colorado?

Yes, we deliver reports that integrate directly with CPA tax software.

Do you shorten close cycles?

Yes, typically by 4–6 days.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Ovid 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 Ovid firm scales.