Project Cost Tracking
Monitor and manage costs, revenues, and budget for projects. Define projects and tasks, populate projects with employees, resources, and equipment. Manage projects of any complexity across different project types and industries and roll costs up to financial reports.
How Project Cost Tracking can work for you
Seamlessly integrate with Acumatica General Ledger, Accounts Payable, Accounts Receivable, Inventory, Purchase Orders, Sales Orders, and Time and Expenses modules to automatically track project costs and budget. Associate any document with a specific project for complete accounting for all activities and costs. Ideal for professional services organizations e.g. engineering firms, marketing companies, consultants, law firms, temp agencies, and many others.
Key Benefits of Project Cost Tracking for your Company
Total view of all costs
Get up to date information on all project costs, for completed work and work in process. Track employee time, sub- contracted services, material and inventory. Easily compare actual project costs with original and revised budgets. Continuously track budget execution and cost vs budget.
Billable Revenue Tracking
Track future revenues as a project progresses. Accommodate complex pricing models with confidence in conjunction with Acumatica ERP.
Scalable - multiple projects
Track all kinds of projects – large and small, internal and external, multiple language and multi-currency; mobile-friendly, fast, and convenient data entry and information access.
Available from anywhere
Make it easy for remote employees, installers, contractors, and others to submit work orders and timesheets from any browser-enabled device.
Important Features of Project Cost Tracking
Assign project managers, employees, machines, and other resources to projects and tasks. Establish billing rules and options for each task.
Define tasks globally or for individual projects. Assign billing rates by project, job role, and individual to generate expected revenues in project budgets.
Easily add activities in Project or through CRM. Modules are fully integrated.
Allocate overhead and shared expenses to individual projects according to formulas you create including billable and non-billable items.
Create new projects from master templates. Specify people, equipment, budgets and project billing. Multiple users can work on multiple concurrent projects.
Keep close track of accumulated but unbilled costs (work-in-progress) to help keep projects on-budget. Adds control for billing against schedule without losing track of actual expenditures.