Acumatica Project Cost Tracking
How Acumatica Project Cost Tracking Can Work for You
Seamlessly integrate with Acumatica General Ledger, Accounts Payable, Accounts Receivable, Inventory, Purchase Orders, Sales Orders, and Time and Expenses modules to automatically track project costs and budget. Associate any document with a specific project for complete accounting for all activities and costs. Ideal for any industry including professional services organizations such as engineering firms, marketing companies, consultants, law firms, temp agencies, and many others.
Key Benefits of Acumatica Project Cost Tracking
Total View of All Costs
Get up to date information on all project costs, including completed work and work in process accounting. Track employee time, sub-contracted services, material, and inventory. Easily compare actual project costs with original and revised budgets by period. Continuously track budget execution and cost vs budget.
Billable Revenue Tracking
Track future revenues as a project progresses. Accommodate complex pricing models with confidence in conjunction with Acumatica ERP.
Scalable for Any Type of Project
Track all types of projects – large or small, internal or external, single or multi-currency. Acumatica offers mobile-friendly, fast, and convenient data entry and information access.
Available from Anywhere
Make it easy for remote employees, installers, contractors, and others to submit work orders and timesheets from any browser-enabled device.
Labor Cost Rate Flexibility
Define costs by employee, labor item, project, project task, and rate type, simplifying time entry and improving visibility, particularly for construction prevailing wage and union requirements. Expand integration with payroll and HRM systems with projects, tasks, cost codes and standard and actual costs using the Contract-Based API.
Highlighted Features: Acumatica Project Cost Tracking
Assign project managers, employees, equipment, and other resources to projects and tasks. Establish billing rules and options for each task.
Define tasks globally or for individual projects. Assign billing rates by project, job role, and individual to generate expected revenues in project budgets.
Easy to Update Tasks
Easily add activities using Project Accounting or through CRM. All Acumatica modules are fully integrated.
Allocate overhead and shared expenses to individual projects according to formulas you create including billable and non-billable items.
Templates for Projects and Tasks
Create new projects from master templates. Specify people, equipment, budgets and project billing. Multiple users can work on multiple concurrent projects.
Keep close track of accumulated but unbilled costs (work-in-progress) to help keep projects on-budget. Acumatica adds control for billing against schedule without losing track of actual expenditures.
Forecast Project Budget by Period
Enter and modify project budget forecasts and compare these forecasts with the actual project costs and incomes for each financial period. Users can forecast original and revised budget amounts and quantities for existing project budget lines for financial periods of the master calendar. Also, users can create generic inquiries and pivot tables.
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.