Project Accounting

Overview

Manage budgeting, inventory, time sheets, billing, profitability, and reporting for individual business initiatives. Projects are included in company-wide financial reports. Project Accounting Software features are integrated with General Ledger, Accounts Payable, Accounts Receivable, Sales Orders, Purchase Orders, Inventory Management, and the Time and Expense mobile application.

Modules

1 project

Project Cost Tracking

Get the total view of all costs related to a project including materials, labor, services, and inventory items. Allocate shared costs and overhead expenses to projects based on formulas. Ideal for project-centric businesses including construction, engineering, marketing, consultants, legal, etc.

2 billing

Advanced Billing

Manage all billing scenarios: cost plus, fixed price, time and materials, milestone billing, and contract-specific pricing. Modify resource billing rates by project, project tasks, inventory item, employee, and account group. Bill labor and materials according to the customer, the type of work being performed, or the specific project contract.

3 expense

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.

Product Benefits

Track Project Costs

Gain a complete view of project-related costs for materials, labor, services, and inventory items.

Flexible & Accurate Billing

Vary billing rates by employee / customer, type of work, or specific project. Recognize revenue based on completion percentage or task progress.

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.

It's Flexible

It is web-based and offers cross- platform, cross-browser support. It is designed to be fully customizable to the needs of your organisations.

It's Convenient

Manage the entire process electronically in real time on-line submission of advance / claims. The system will also retain the record for all the claim application regardless approve or reject records. Users can track the records from anywhere and anytime.

It's Efficient & Time Saving

Personnel can be automatically notified of approval via e-mail thus reducing the application time and also paperwork.

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