Manage budgeting, inventory, 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, Accounts Receivable, Sales Orders, Purchase Orders, 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.
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.
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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Acumatica has definitely improved our ability to track our financial position. It’s also given us the ability to track the relationship we have with our customers and the open issues we have… Everyone in the company can see what’s going on.
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Conservatively, we’re looking at an increase of $600,000 in EBITDA profitability, once all of the suites are implemented. That’s massive.
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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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Within two months, we reduced the work and time spent preparing management accounts. It used to take 10 work days to complete what now takes 7 days.
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Acumatica was very attentive to our needs. They’re very good, and I believe this is only a small part of the state (government) that can use this system.
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From Day One we saw how valuable Acumatica was–from tracking expenses to getting invoices approved to running reports that showed where people were working, who was being underutilized, and how we could reallocate people to where they were needed.
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Acumatica makes it really easy for remote employees to access from anywhere. The simplicity of that cannot be overstated.
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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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If your ERP system is not reliable, you can’t do your job. It’s nice that Acumatica has been so responsive to our needs… The way that they’re listening to their customers is great.
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Check out the detailed description of the Suite
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