Professional Services
Professional-services and consulting firms in Iraq live or die by billable utilization, accurate engagement costing, and getting invoices out before cash runs thin, all while clients pay across IQD and USD and tax is withheld at source. Moashirat combines ERP on Odoo or Oracle NetSuite with a finance, audit and tax team in one house, so your timesheets, billing, project margins and statutory books are run by people who understand both the system and Iraqi compliance.
Challenges we solve in this sector
- Tracking billable versus non-billable hours per consultant and engagement, so utilization and realization rates are visible instead of estimated at month-end.
- Costing time-and-materials, fixed-fee and retainer engagements accurately, including work-in-progress and unbilled revenue that statutory accounts must recognize.
- Invoicing clients who settle in both IQD and USD while accounting for Iraqi withholding tax deducted at source and reconciling the net amounts actually received.
- Producing statutory financial statements and surviving external audit when revenue recognition, deferred fees and project margins are spread across many concurrent engagements.
How Moashirat helps
Timesheets to billing
We implement Odoo or Oracle NetSuite project and timesheet modules so billable hours flow straight into client invoices, with utilization, realization and per-engagement margin visible in real time.
Engagement-level finance
Our finance team configures time-and-materials, fixed-fee and retainer billing, work-in-progress and revenue recognition, then handles bookkeeping, financial statements and external audit on the same system.
Iraqi tax & dual currency
We set up IQD/USD dual-currency billing and collections on the Iraqi Unified Accounting System, and manage withholding tax, tax registration and returns so deductions at source reconcile cleanly to cash received.
For most Iraqi professional-services and consulting firms Odoo is the leaner first step, covering projects, timesheets, billing and accounting in one suite, while Oracle NetSuite fits firms scaling into multiple entities or offices that need cloud-first consolidation.