Accounting for Oldfield’s Professional Services Enterprises
Certified India-based team with CPA oversight. WIP reporting, utilization metrics, and project profitability made simple.
Service firms in Oldfield depend on accurate time-tracking, clean billing cycles, and reliable monthly reporting. Our professional services accounting model helps Oldfield agencies, consultancies, legal firms, engineering teams, and advisors organize their financials so every hour and engagement is reflected correctly in revenue.
We refresh your Oldfield 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 Oldfield leadership team.
Oldfield 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:
Project profitability reporting is now reliable.
Emily R, Senior Accountant
We scaled during busy seasons without hiring.
David L, Operations Manager
Close cycles shortened by 6 days.
Jason K, Finance Manager
Frequently Asked Questions
Do you scale with project volume?
Yes, during peak client demand.
Can you manage multi-entity firms?
Yes, with consolidated reporting.
Do you support WIP reporting?
Yes, including reconciliation of time, expenses, and progress.
How soon can you start in Oldfield?
Usually within 2–3 business days.
Do you prepare project profitability reports?
Yes, by project, client, or practice.
Do you prepare lender-ready reports?
Yes, for financing and credit.
Do you offer virtual meetings for Oldfield clients?
Yes, Zoom and Teams available for monthly reviews.
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Oldfield 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 Oldfield firm scales.