Manage budgeting, inventory, change orders, time sheets, billing, profitability, and reporting for individual business initiatives. Projects are included in company-wide financial reports.
Project Accounting
Why Choose Acumatica for Project Accounting Management
Project Accounting Software features are integrated with General Ledger, Accounts Payable Software, Accounts Receivable Software, Sales Order Management, Purchase Order Management, Inventory Management, and the Time and Expense mobile application.
Benefits of Project Accounting Management for your Business
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Track Project Costs
Gain a complete view of project-related costs for materials, labor, services, and inventory items.
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Flexible, Accurate Billing
Vary billing rates by employee / customer, type of work, or specific project. Recognize revenue based on completion percentage or task progress.
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Budget Reporting
Compare actual project costs with original and revised budgets using real-time reports. Include all project costs: inventory items, non-stock items, labor, services, and more.
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Control Change Orders
Improve project management by controlling changes to the project scope, including customer and internal requests. Create a change order with all the documentation, including the revenue budget, cost budget, commitments, and class. Define your workflows and approval processes, and release change orders with full business intelligence visibility and audit trail control.
Project Accounting Management Applications
Get the total 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. Ideal for project-centric businesses including construction, engineering, marketing, consultants, legal, etc.
Manage all billing scenarios: cost plus, fixed price, time and 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.
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.
Let’s dive into Acumatica 2017 R2 and the many improvements it brings to the table. Cloud ERP productivity enhancements, such as in our Project Accounting Suite and in our integration with Smartsheet, continue to provide our customers with the ability to compete, and succeed, in our multicloud world.
See also
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Distribution Management
- Purchase Order Management
- Requisition Management
- Sales Order Management
Customer Management
Manufacturing Management
What our customers are saying about Acumatica's Project Accounting?
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We can have truly different companies within Acumatica and our database, and can customize reports for each company, which is very nice.
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What is impressive about Acumatica is the user interface is exceptionally simple, the help guides are very useful and friendly, and we use them continuously today.
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Users can get real-time information according to their specific profiles and make decision for their daily activities with more autonomy and accurate information. Acumatica is changing the way we work.
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We looked at a number of companies, and Acumatica came out on top. When we needed to get to user requirements… other proposals fell apart, or the price started to skyrocket.
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We found Acumatica to be a very good value compared to the total cost of the other mid-range ERP systems we reviewed.
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From being able to enter orders and production information directly in the field, to minimizing travel time, saving on vehicles, saving on fuel, there’s a lot of things Acumatica will make a big difference with.
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I hate the fact that other ERPs nickel-and-dime me, and charge me every time we add a user or a piece of functionality. The fact that Acumatica is not licensed per-user, and includes a broad set of functionality at an affordable price, was very appealing to me.
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With Acumatica, every employee can get access to ERP data, from wherever they are when they’re traveling. Our customers can get access to ERP data. We’ve never had the capability to offer this before we had Acumatica. That is definitely a big plus for us.
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By utilizing the Acumatica Manufacturing Edition module within the Acumatica Suite of Products, we were able to determine verifiable product costs that allowed us to put together a pricing model. This increased our gross margin percentage dramatically.
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Check out the detailed description of the Suite
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