Project Accounting

Manage budgeting, inventory, time sheets, billing, profitability, and reporting for individual business initiatives. Projects are included in company-wide financial reports.

Why Choose Acumatica for Project Accounting Management

Project Accounting Software features are integrated with General Ledger, Accounts Payable, Accounts Receivable, Sales Orders, Purchase Orders, Inventory Management, and the Time & 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.

  • 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 in real-time reports. Include all project costs: inventory items, non-stock items, labor, services, and more.

Project Accounting Management Applications

  • Project Cost Tracking

    Get the total view of all cost 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.

    Learn more View Data Sheet
  • Advanced Billing

    Manage all billing scenarios: cost plus, fixed price, time & 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.

    Learn more View Data Sheet
  • Time and 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.

    Learn more View Data Sheet