As Acumatica Cloud ERP nears the release date for their version 3.0 product, more details are becoming available on what is included. In addition to many system wide enhancements the new Project Accounting suite will be introduced.
The Project Accounting Suite manages budgeting, inventory, time sheets, billing, profitability, and reporting individual business initiatives. Project data is available within the suite and in company wide financial reports.
Project Accounting features are integrated with the general ledger, accounts payable, accounts receivable, sales orders, purchase orders, inventory management, and the employee portal.
Project Accounting Features
Expense Management
Track expenses related to materials, labor, services, and inventory to gain a complete view of project related costs. Allocate shared costs and overhead expenses to projects based on formulas that you establish. Employees can enter time sheets and expense reports from any browser.
Advanced Billing
Utilize distinct billing rates for each employee depending on the customer, the type of work being performed, and the project. Revenue recognition can be done based on completion percentage or on completed tasks.
Budget Tracking
Budget for projects that include inventory items, non-stock items, labor, services, and more. Real-time reports compare actual project costs with original and revised budgets.
Resource Management
Assign project managers, employees, machines, and other resources to individual projects and tasks. Establish billing rules and options for each task.
Download the Acumatica Cloud ERP – Project Accounting Suite brochure.
If you are an existing Customer or interested in becoming a Customer and have questions or need assistance please contact us at acumaticasupport@swktech.com.
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