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

We refresh your Oblong 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 Oblong leadership team.

Oblong 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:

Close cycles shortened by 6 days.

Jason K, Finance Manager

Our consulting firm improved margins by 8%.

Daniel B, CEO

Our board trusts the new financial packs.

Karen J, Audit Partner

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

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Frequently Asked Questions

How is pricing structured?

Flat monthly retainer based on project volume and complexity.

Do you help with client trust accounting?

Yes, for law and consulting firms.

Do you support WIP reporting?

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

Do you shorten close cycles?

Yes, typically by 4–6 days.

Do you work with CPAs in Illinois?

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

Do you support IFRS as well as GAAP?

Yes, for global firms.

How does AI help professional services accounting?

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

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Oblong 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 Oblong firm scales.