Project Accounting
Manage budgeting, inventory, change orders, time sheets, billing, profitability, and reporting for individual business initiatives. Projects are included in company-wide financial reports with full multi-currency support.
Powerful accounting tools, unified visibility
Acumatica’s Project Accounting application provides visibility across projects, finance, customer accounts, inventory, and related business processes. Project accounting data and workflows extend to the following applications.
Key Benefits of
Acumatica Project Accounting
Total Control of Billing
Flexible, Accurate Billing:
Vary billing rates by employee / customer, type of work, or specific project. Recognize revenue based on completion percentage or task progress.
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 attached. Define your workflows and approval processes, and release change orders with full business intelligence visibility and audit trail control.
Total Visibility Into Costs
Track Project Costs: Gain a complete view of project-related costs for materials, labor, services, and inventory items. 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.
Flexible Accounting
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. Deferred revenue and recurring revenue models are supported out of the box. Multi-Currency Project Accounting : Enter project transactions in different currencies and maintain projects in both the base currency and the project currency.
Acumatica Project Accounting Management Applications
Acumatica Project Accounting Integrations
See how Acumatica integrates seamlessly with your existing tech stack.
