Acumatica Project Accounting: Automate Project Management
Running a profitable, efficient, and customer-focused project-based business is often a challenge. People need to be in the right place at the right time, completion needs to be tracked, and most importantly, you need to make money. The right systems and processes are critical to your business, providing companies like yours the necessary information to make decisions, allocate resources, and react to change.
Added to this, project-based businesses are unique—every task, hour, billing code, and expense is unique not only to your business, but to your employees as well. A one-size-fits-all approach will never help your business reach its goals.
That’s why many project-based and professional services businesses like yours are turning to Acumatica Cloud ERP and its Project Accounting functionality to take control of their business. As a leading provider of ERP solutions including Acumatica, the SDL Consulting team is proud to recommend, implement, and train users on this flexible, functional, and scalable product.
Acumatica Project Accounting
Project-based companies need powerful, flexible, and usable software to manage the entire project process from quote to project to reporting. Every employee brings his or her own skills, certifications, and background to your business and as you grow, the budgeting, inventory, change orders, time sheets, billing, profitability, and reporting processes become harder to manage.
However, the right ERP solution can deliver, and Acumatica Project Accounting delivers the necessary functionality to handle all this and more.
Why Acumatica for Project Management?
Built to give your organization real information in real time, Acumatica empowers your people to track and manage the processes that your organization relies on, keeping project costs low and making your business more flexible. Among the key benefits of this powerful software:
Deliver Competitively Priced Service at Minimal Cost
Gain a complete view of project-related costs for materials, labor, services, and inventory items.
Simplify the Quoting Process
Get from RFQ to approval so you can get up and running for your clients. Create quotes, update them, link them to CRM and track versions. When approved, create projects and provide billing details.
Bill Clients Quickly, Accurately and Reliably
Take control of your customer billing with a flexible and accurate billing platform that allows you to vary billing rates by employee / customer, type of work, or specific project.
Make Reporting Easy
Keep a watchful eye on project costs and profitability throughout the process. Compare actual project costs with original and revised budgets and forecasts by period using real-time reports.
Handle Changes with Ease
Improve project management by controlling changes to the project scope, including customer and internal requests. Easily create, submit, and approve all parts of a change order, from documentation to budget, all with full audit trail.
Bring it All Together Across Companies and Currencies
Take control of your business, whether you have a single location or dozens. Companies within the same tenant can have different fiscal year-end dates, as well as be able to operate in various currencies.
Time Your Revenue Recognition on Your Terms
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.
Key Features and Applications
Project Accounting Software features in Acumatica 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.
Project Cost Tracking
Time and Expense Management
Project Accounting GL
Sales and Purchase Order Management
Accounts Payable and Receivable
Automate Project Management and Grow with Acumatica and SDL Consulting
As a trusted provider of ERP software for businesses nationwide, SDL Consulting has helped project-based businesses just like yours to recognize the power of game changing business management software. Acumatica Project Accounting delivers functionality for the growing project-based business, providing the flexibility, functionality, and usability that your employees, project managers, and executives need.