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

We refresh your Old Ocean 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 Old Ocean leadership team.

Old Ocean 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

Utilization analysis gave us clear insight into profitability.

Mark J, Consulting CFO

AI flagged anomalies in project billing.

Priya M, Data Analyst

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

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Frequently Asked Questions

Do you handle marketing agencies?

Yes, including project billing and profitability reports.

Do you offer monthly bookkeeping in Old Ocean?

Yes, flat-fee monthly plans with weekly reconciliations and month-end close for Old Ocean clients.

Do you support IFRS as well as GAAP?

Yes, for global firms.

Do you prepare project profitability reports?

Yes, by project, client, or practice.

How fast can you start in Old Ocean?

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

Do you provide CPA-reviewed outputs?

Yes, ensuring compliance and audit readiness.

How soon can you start in Old Ocean?

Usually within 2–3 business days.

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Explore Our Enterprise Professional Services Accounting

Enhance your offering with our Enterprise Professional Services Accounting spine.

Old Ocean 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 Old Ocean firm scales.