Accounting & Bookkeeping ยท KBLI 69101

Professional Services Bookkeeping

Professional firms need bookkeeping capable of capturing billable hours, WIP, and long billing cycles. Without neat recording, revenue recognition and cash flow easily miss targets. Arunika Consulting helps professional offices organize bookkeeping so project-based fees and retainers are clearly recorded.

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What usually goes wrong

  • Inconsistent Time Billing

    Work hours per consultant are often not documented neatly, leading to inaccurate billing.

  • Hard to Measure Service WIP

    Work running without progress recording causes delayed revenue.

  • Piling Fee Receivables

    Staggered billing creates unmonitored service receivables.

What we do

  1. 01

    Integrated Time Tracking

    Implementation of timesheet systems for every project and consultant.

    • Accurate billing
    • Measured utilization
    • Cost control
  2. 02

    Project Accounting

    Project-based bookkeeping to see margins per engagement.

    • Clear project profit
    • More precise pricing
    • Fast team evaluation
  3. 03

    Fee Receivable Monitoring

    Creation of service receivable dashboards for faster collection.

    • Smooth cash flow
    • Controlled receivables
    • Lower default risk

Related regulations

  • PSAK 23

    Revenue

    Service-based revenue recognition, including retainer and success fee.

  • PSAK 73

    Leases

    Recognition of office rent expense and supporting service contracts.

  • SAK EMKM

    SME Accounting Standards

    Simplified reporting framework for small-scale service firms.

If the tax office starts asking questions

The team that keeps your books and files your taxes also stays with you through an SP2DK, an audit, an objection and an appeal.

How we handle tax disputes

Frequently Asked Questions

What is professional service WIP?

WIP is work that is ongoing but not yet billed. Recorded as an asset until the invoice is issued.

How to determine data-based service rates?

We help calculate hourly costs and target margins so rates align with workload.

How do accounting services improve operating cost efficiency?

Accurate, timely financial reports help you spot cost leakage, monitor margins by product or service, and make data-based decisions.

Can financial reports be accessed in real time?

Yes. We use cloud accounting systems so you can monitor cash flow, profit and loss, and business performance from anywhere.

How do you ensure reports are ready for external audits or banks?

Reports are prepared with clear documentation and traceable transaction data.

Tell us about your business

Send your line of business, rough annual turnover, and what is going wrong. We reply on WhatsApp.

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