|Manage budgeting, inventory, change orders, time sheets, billing, profitability, and reporting for individual business initiatives. Projects are included in company-wide financial reports.|
Acumatica’s Project Accounting Software features are integrated with General Ledger, Accounts Payable Software, Accounts Receivable Software, Sales Order Management, Purchase Order Management, Inventory Management, and the Time and Expense mobile application.
Benefits of Project Accounting Management for your Business
Track Project Costs: Gain a complete view of project-related costs for materials, labor, services, and inventory items. Link Timesheets to Specific Projects/Tasks.
Expense Allocation: Allocate overhead and shared expenses to individual projects—easily—according to formulas you create. Allocations can include billable or non-billable items.
Time & Expense Management: Employees, partners, and contractors can enter timesheets from anywhere using any device with a browser. Add convenience and improve accuracy with Acumatica’s Project Accounting Software.
Advanced Billing: Flexible billing to handle the most complex project billing rules and easily calculate project revenue based on key project-specific attributes. Fixed-Price and Cost-Plus Projects, Revenue Recognition based on percentage completion or tasks completed- all automatically and accurately reflected in GL.
Budget Reporting: Compare actual project costs with original and revised budgets using real-time reports. Include all project costs: inventory items, non-stock items, labor, services, and more.
Manage Project Quotes: Simplify project sales and pricing by supporting complex quote processes, improving project control and management. Create quotes, update them, link them to CRM and track versions. When approved, create projects and provide billing details.
WIP Support: Keep better track of costs by correctly accounting for work in progress and avoid impacting COGS prematurely.
Resource Management: Assign project managers, employees, machines, and other resources to individual projects and tasks.
Create Project Templates: simplify starting new project by populating common project attributes, tasks, etc.
Audit Trails: Review which user entered and changed the details of any project transaction. Any potential auditing process will be simplified with notes and supporting electronic documents that are automatically attached to transactions.
Acumatica delivers a full suite of integrated business management applications
STREAMLINE OPERATIONS Manage your business more efficiently:
- Automate processes
- Control workflows
- Access the system from anywhere on any device— including mobile
- Promote collaboration with all-inclusive user licensing
ADAPTABLE SOLUTION Add and extend:
- Deploy in-house or in a private or public cloud
- Easily configure your solution to fit your needs
- Add capabilities such as CRM or data visualization at any time
- Extend to other solutions and applications beyond ERP
YOUR BUSINESS ACCELERATED Get a single version of the truth:
- Accelerate business performance and make smarter decisions with automated processes, real-time data collection, financial analyses, and forecasting
- No per user pricing – system scales as your business grows
Project Accounting for Services Video – (embed video)
Acumatica Project Accounting Data Sheet (pdf)
Let our experienced ERP Team guide you in making the best software decisions based on your needs. Call us today for an initial consultation and product demonstration. (Link to firstname.lastname@example.org )