Acumatica Cloud ERP: Project Accounting

Power Your Business with Acumatica for Project Accounting Management

Project Accounting Software features are integrated with General Ledger, Accounts Payable Software, Accounts Receivable Software, Sales Order Management, Purchase Order Management, Inventory Management, and the Time and Expense mobile application.

Acumatica Project Accounting Webinar

Powers These Acumatica Editions

Distribution Edition

Optional

Manufacturing Edition

Optional

Commerce Edition

Optional

Acumatica Cloud ERP Field Services Edition

Field Service Edition

Optional

Construction Edition

Included

General Business Edition

Optional

Download Product Brochure

Powerful Benefits of Acumatica Cloud ERP Project Accounting

Yellow misshapen circle on a light gray background

Track Project Costs

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

Red misshapen circle on a light gray background

Flexible, Accurate Billing

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

Accounting Business Solutions Green Bean

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.

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, including the revenue budget, cost budget, commitments, and class. Define your workflows and approval processes, and release change orders with full business intelligence visibility and audit trail control.

Acumatica Cloud ERP Project Accounting Mobile

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.

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.

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.

Multi-Currency Project Accounting

Enter project transactions in different currencies and maintain projects in both the base currency and the project currency. With multi-currency project accounting, project managers and accountants can review actual revenues, actual costs, and committed costs in the project currency, with an ability to calculate project profitability in both the project currency and the base currency, and present costs to the customer in the customer’s currency.

Acumatica Project Accounting Management Modules

Project Cost Tracking

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.

More Information

Advanced Billing

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 to the customer, type of work, or the specific project contract.

More Information