Project-driven companies have unique accounting and tracking needs and the Acumatica Project Accounting Suite is the perfect solution to manage project-specific and allocated expenses, use any of the accepted billing methodologies, manage resources and billing rates, track time, and more all by specific contract, by customer, or by type of work being performed.
Project Accounting Suite view data sheet
The Acumatica Project Accounting Software Suite manages the unique needs of project-driven companies: budgeting, resource management, time sheets, expense allocation, billing, profitability, and reporting for the entire company and for individual business initiatives. The Project Accounting Suite is integrated with the Financial Management Suite and the Acumatica CRM as well as all of the other Acumatica modules to provide a comprehensive view over the life of the project. Look at some of the Project Accounting features:
- Budget Tracking – Compare actual project costs with original and revised budgets for labor, services, and materials with using reports and dashboards that are always up-to-date.
- Advanced Billing – Bill clients using multiple scenarios including contract-specific pricing, fixed price, milestone billing, cost plus, or time and materials. Manage resource billing rates by project, task, or even employee or account group.
- Resource Management – Assign project managers, employees, machines, and other resources to individual projects and tasks. Establish billing rules and options for each task.
- Multiple Rates – The Acumatica Project Module allows you to configure and maintain multiple rate tables based on projects or project tasks.
- Expense Tracking – Manage all expenses—labor, services, and materials—to gain a complete view of project-related costs. Create your own formulas to allocate shared costs and overhead expenses.
- Time and Expense Management – Contractors, employees, and partners can enter timesheets and expense reports from anywhere, anytime, using any device with a browser, making the process more convenient and thereby increasing accuracy.