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

We refresh your Cobalt 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 Cobalt leadership team.

Cobalt 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:

Board packs are now investor-ready.

Tina S, Finance Director

Cash flow management is stronger now.

Angela M, CFO

CPA oversight improved our audit cycle.

Kevin L, External Auditor

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

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Frequently Asked Questions

Do you serve law firms?

Yes, including trust accounting and client billing.

Do you support WIP reporting?

Yes, including reconciliation of time, expenses, and progress.

Can you manage multi-entity firms?

Yes, with consolidated reporting.

How soon can you start in Cobalt?

Usually within 2–3 business days.

How does AI help professional services accounting?

By detecting project overruns, categorizing expenses, and writing variance narratives.

Do you support IFRS as well as GAAP?

Yes, for global firms.

Do you handle time-based billing reconciliations?

Yes, including hourly, retainer, and milestone billing.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Cobalt 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 Cobalt firm scales.