Project Accounting

Manage budgeting, inventory, change orders, time sheets, billing, profitability, and reporting for individual business initiatives. Projects are included in company-wide financial reports with full multi-currency support.
  • Track Project Costs
  • Flexible, Accurate Billing
  • Budget Reporting
  • Control Change Orders
  • Manage Project Quotes
  • Company-Specific Financial Periods
  • Multi-Currency Project Accounting
  • Revenue Recognition

Powerful accounting tools, unified visibility

Acumatica’s Project Accounting application provides visibility across projects, finance, customer accounts, inventory, and related business processes. Project accounting data and workflows extend to the following applications.

Total Visibility Into Costs
Total Control of Billing
Flexible Accounting
Total Visibility Into Costs

Track Project Costs

Gain a complete view of project-related costs for materials, labor, services, and inventory items.

Budget Reporting

Compare actual project costs with original and revised budgets and forecasts by period using real-time reports. Include all project costs: inventory items, non-stock items, labor, services, and more.

Manage Project Quotes

Simplify project sales and pricing by supporting complex quote processes, improving project control and management. Create quotes, update them, link them to CRM and track versions. When approved, create projects and provide billing details.

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Total Visibility Into Costs
Total Control of Billing

Flexible, Accurate Billing

Vary billing rates by employee / customer, type of work, or specific project. Recognize revenue based on completion percentage or task progress.

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 attached. Define your workflows and approval processes, and release change orders with full business intelligence visibility and audit trail control.

Company-Specific Financial Periods

Companies within the same tenant can have different fiscal year-end dates, important for companies that share vendors, stock items, and employees. The company-specific periods are defined at the branch level.

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Total Control of Billing
Flexible Accounting

Revenue Recognition

Define billing rules to recognize revenue using the percentage of completion or the completed tasks method. All recognition rules are automatically reflected in the GL journal entries. Deferred revenue and recurring revenue models are supported out of the box.

Multi-Currency Project Accounting

Enter project transactions in different currencies and maintain projects in both the base currency and the project currency.

Project Profitability Made Simple
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Flexible Accounting

Featured Integrations

Extend Acumatica’s functionality with pre-built, fully-integrated software solutions, all available in the Acumatica Marketplace:
PAYA Credit Card Processing Integration
Certified by Acumatica, Paya is a preferred payments and business solutions provider, offering…
Criterion is a global provider of Simply Powerful Human Capital Management software. For…
ProEst Construction Estimating
In today’s competitive business atmosphere, preparing construction estimates by hand won’t help your…
Biz-Tech ShipStation Integration
Biz-Tech Services’ ShipStation Integration for Acumatica will help you keep your shipping and…
Avalara Sales Tax Automation
For most businesses, sales tax is an obligatory, complex nightmare. Automating this process…

Cloud solutions built to industry specifications

See how Acumatica Industry Editions address the unique needs and processes of rapid-growth sectors:
Successful residential and commercial contractors face a variety of industry and competitive challenges. The combination of project control and construction…
ERP and CRM working together to support all major business areas in most manufacturing modes. Flexible manufacturing planning and shop…
Service Industries
Service Industries
Whether you specialize in long-term, complex projects or short turnaround jobs, you succeed by acquiring and maintaining clients while ensuring…
Other Industries
Other Industries
Companies in all industries have realized the value of ERP+CRM working together for companywide automation and information. Cloud ERP maximizes…

From Our Customers

"Our clerk had no previous accounting experience, and now she’s doing all the AP work … I just hired an accountant, and I didn’t have to teach her at all; she just got on the system and easily uses it."
Jen Alden, Chief Financial Officer
Tulsa Performing Arts Center
"We work with some of the largest companies on the planet. They all have unique invoicing requirements. We needed a system that was flexible and could scale and fit the needs of a small business like ours. If you’re looking for a cloud-based solution that is flexible for your current and future business needs, I highly recommend considering Acumatica."
Chris Williams, Chief Operating Officer
Interaction Associates

Ready to see it in action?

Get a free consultation with a Project Accounting specialist, and see what it’s like to have project data flow seamlessly across your organization.