People working at service businesses have a variety of things in common: managing time sheets, properly sourcing material, project profitability, and working through complex billing. Whether your role specializes in long-term, complex projects, or short turnaround jobs, you succeed by controlling the time, materials, and billing, which make up the actual costs of your projects. To assist, modern project reporting lets you compare actual project costs with original and revised budgets using visual dashboards. However, many businesses do not have the tools or platform setup to enable project accounting. Or, if they do, it’s not solving for a variety of their needs, and often creates more headache than help.
I’d like to invite you to a webinar on November 16th at 11am PDT to learn about Project Accounting for Service Businesses.
Acumatica Project Accounting 101
Because Acumatica is web-based and fully mobile, it’s ideal for project-centric businesses, including software programming, design and installation services, engineering, marketing, consultants, legal and other similar companies. The system includes:
- Project Cost Tracking - Get the complete 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.
- Advanced Billing - Manage all billing scenarios: cost plus, fixed price, time & materials, milestone billing, and contract-specific pricing. Recognize revenue based on completion percentage or task progress.
- Time & Attendance - Employees, partners, and contractors can enter timesheets from anywhere using any device with a browser to add convenience and improve accuracy.
- Project visibility - Improve decision making using the real-time view of all project-related costs (inventory items, non-stock items, labor, services, etc.). Plus, with Customer Management have visibility into all of customer activities including quotes, contracts, orders and service issues.
What Should I Expect at the Webinar?
In this 30-minute webinar, you’ll learn how to control project costs with modern tracking and dashboards, save time with advanced billing, and gain better visibility into projects to make real-time decisions.
I’m excited to host the webinar. I’ve been the Solution Consultant at Acumatica for over 8 years. I specialize in go-to-market plans for technical products, executing marketing plans, and relating to fellow cloud-computing geeks at heart.
Click here to register for the webinar. I’ll see you there!
Please check out the dedicated section on our website to learn more about Acumatica’s Project Accounting.
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