Accounting & Bookkeeping ยท KBLI 62020

IT Consulting Accounting

IT consulting firms manage projects with T&M, fixed price, or managed services models. Arunika Consulting helps IT consulting firms prepare books reflecting professional services business reality.

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What usually goes wrong

  • T&M vs Fixed Price

    T&M recognized as worked, fixed price with PoC.

  • Project WIP

    Costs incurred but not yet billed.

  • Resource Utilization

    Billable hours key KPI.

What we do

  1. 01

    Project Accounting

    Per-project revenue with milestone tracking.

    • Accurate
  2. 02

    Resource Costing

    Consultant cost allocation to projects.

    • Profitability

Related regulations

  • PSAK 72

    Revenue

    T&M and fixed price consulting revenue

  • PSAK 19

    Intangibles

    Client-developed software capitalization

  • PSAK 57

    Provisions

    Delivered solution warranty

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

How is T&M contract revenue recognized?

Revenue = actual hours ร— rate. Dr. Unbilled WIP, Cr. Revenue. At invoice: Dr. AR, Cr. Unbilled WIP.

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.

Related Industries

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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