PROJECT ACCOUNTING APPLICATIONS

INTEGRATE PROJECT MANAGEMENT AND ACCOUNTING ACTIVITIES IN ONE SOLUTION

MANAGE PROJECT QUOTES

Make your project sales and pricing much simpler by enabling complex processes of quoting, enhance project management and have full control over the quote creation process and their management and monitoring via CRM. After their approval, easily create projects and provide customers with billing details.

CONTROL CHANGE ORDERS

Have full understanding and control over project scope and changes and improve customer satisfaction rate. Create a change order with all relevant documentation, including revenue budget, cost budget, commitments and class. Define your workflows and approval processes, and release change orders with full business intelligence capability and audit trail.

BUDGET REPORTING

Use real-time reporting tools to compare forecast budgets and actual project budgets, including all inventory and non-stock items, labour and services, etc.Recognise revenue based on stages completed, by percentage or task progress. Gain a top-down view of project-related costs for materials, labour, services and inventory items.

MULTI-CURRENCY PROJECT ACCOUNTING

With multi-currency project accounting, project managers and accountants gain a view of actual revenues, actual costs, and committed costs in the project currency, with an ability to calculate project profitability in both the project currency and the base currency, and present costs to the customer in the desired home currency.

COMPANY-SPECIFIC FINANCIAL PERIODS

Define custom company periods if you need different year-end dates within the same tenant. It is significant for those companies, which share suppliers, stock items or employees.

REVENUE RECOGNITION

Define invoice rules to recognise revenue using the completion percentages or the completed tasks method. All these rules will be automatically reflected in the General Ledger journal entries.

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ACUMATICA PROJECT ACCOUNTING EDITION FEATURES AND CAPABILITIES

BUSINESS BENEFITS OF PROJECT ACCOUNTING MANAGEMENT SOFTWARE

PROJECT COST TRACKING

Know precisely what are your project-related costs, including cost of labour and other services, materials and inventory items. Use formulas to allocate shared project costs in industries like construction, marketing and consulting or engineering.

ADVANCED BILLING

Improve the management of billing scenarios by making modifications in resource billing rates by project, tasks or inventory items, employees. Enable the possibility to bill labour and materials according to the client and what type of works are performed for this client.

TIME & EXPENSES

Enable the possibility to add timesheets for anyone, your employees, partners or contractors from any place in the world and using any device. It will help you to improve project accuracy with the help of Project Accounting Software.

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