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

We refresh your Fossil 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 Fossil leadership team.

Fossil 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:

AI flagged anomalies in project billing.

Priya M, Data Analyst

Law firm trust accounts are error-free.

Michelle D, Trust Accountant

Audit adjustments dropped 35%.

Robert S, External Auditor

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

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Frequently Asked Questions

How fast can you start in Fossil?

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

Do you serve law firms?

Yes, including trust accounting and client billing.

Do you offer virtual meetings for Fossil clients?

Yes, Zoom and Teams available for monthly reviews.

Do you support consulting firms?

Yes, with utilization analysis and WIP reports.

Do you integrate with time-tracking systems?

Yes, Harvest, Toggl, and ERP systems.

Do you support WIP reporting?

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

Are your bookkeepers local to Fossil?

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

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Fossil 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 Fossil firm scales.