Acumatica Advanced Billing
How Acumatica Advanced Billing Can Work for You
Modify resource billing rates by project, project tasks, inventory item, employee, and account group. Calculate time and materials billing according to the customer, the type of work being performed, or the specific project requirements.
Key Benefits of Acumatica Advanced Billing
Flexible Billing
Handle the most complex project billing rules and easily calculate project revenue in multiple currencies based on key project-specific attributes.
Fixed-Price and Cost-Plus Projects
Invoice according to project and contract requirements – fixed price set in advance or cost-plus projects in which the invoice amount is not known until costs and fees are incurred. Billing on cost-based projects can be capped.
Revenue Recognition
Optionally recognize revenue based on percentage of project completed or based on tasks completed. All project revenue recognition rules are automatically reflected in General Ledger journal entries.
Highlighted Features: Acumatica Advanced Billing
Automated Billing
Define project billing parameters to automatically generate invoices at the right time. Save time, reduce errors, and improve cash flow.
Multiple Rates
Configure multiple rate tables for specific projects or project tasks for additional billing flexibility.
Billing Periods
Bill projects weekly, monthly, quarterly, or according to a company-specific statement cycle for a project or customer. Delay posting of timesheets and materials expenses until released.
Billing Mark Up
Apply markup at the customer level and vary according to labor and service type to provide maximum flexibility.
Reverse un-Billed Transactions
Correct improperly applied charges with an automatic reversal and invoice regeneration capability.
Acumatica Cloud ERP Suites
Financial Management Suite
A powerful set of financial applications used by almost every organization, no matter how complex or simple requirements are. Bring rigor to business processes in a user-friendly way.
Distribution Management Suite
Works together with the Financial Management Suite as a full distribution solution. Starting from the requisition process to purchasing, order management, inventory tracking, automated inventory replenishment suggestions, and more.
Customer Management Suite
Fully integrated with the Financial Management and Distribution Management Suites, the Customer Management Suite fosters a team approach. Dashboards and reports provide real-time sales data to accurately manage forecasts, quotas, and results.
Project Accounting Suite
With the Project Accounting Suite, deliver on project objectives on time and on budget. Manage complex reporting requirements. Include projects in company-wide financial reports.