Project Accounting

Project-based organizations have unique accounting and financial reporting requirements that often result in redundant, error-prone processes without the right software system.

Acumatica Project Accounting Suite

Acumatica’s Project Accounting Software Suite delivers end-to-end project accounting functionality and visibility that allows you to manage project budgeting, timesheets, billing and reporting all within a single system.

There is no need to manage your operations by spreadsheets any longer with this fully integrated suite. Your general ledger, accounts payable, sales orders, purchase order, inventory management and employee portal seamlessly integrates with Project Accounting features.

Accessible from Anywhere
Flexible Workflows & Approvals
Gain Control of Project Level Profitability

Key Features of Project Accounting

Expense Management

    • Materials
    • Labor
    • Services
    • Inventory Items
    • Allocate costs based on formulas

Advanced Billing

    • Variable billing rates
    • Recognize revenue based on percentage of completion or tasks

Budget Tracking

    • Include stock and non-stock items, labor, services and more
    • Compare actuals to original budget and revised budgets

WIP Support

    • Track work in progress
    • Avoid impacting COGS too soon

Resource Management

    • Assign resources to projects
    • Establish billing rules and options for each task

Project Accounting Management Applications

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.

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Advanced Billing

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.

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Time and Expense Management

Ensure proper payments to staff and accurate billing to clients with Acumatica time and expense tracking software.

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Customer Testimonials

Acumatica was by far the most robust Cloud ERP offering. It offers more functionality, better prices, and more value to the users.

Francisco CalligariCIO at Guardian SealTech

Being able to see what’s going on across our entire business in one snap-shot is invaluable. With Acumatica, our labor costs have gone down and our inventory control error rate have been reduced.

Bram KleppnerCEO of Danforth Pewter

Acumatica has allowed us to be a better digital business. From Sales to Operations, from Admin to C-Level Executives, Acumatica allows us to have insights into data to make good decisions to grow our business in a powerful way.

Bryan PapéFounder & CEO of MIIR

Our payroll requirements are unique, and a critical part of our buying decision was the ability to pay directly from an imported file vs manual data entry into the system. With payroll being time sensitive, this is a big plus.

Lilly EstradaHuman Resource & Payroll Mgr. | C&O Nursery

Flexibility in customization, unlimited users, support from our provider and access from any device were top reasons for our satisfaction.

Curt NortonController | C&O Nursery

Game changer for us was the ability to set-up a Finished Good Item with its Bill of Materials, issue a Production PO, and issue several component level POs from various manufacturers that are all tied together. No more manual reconciliation.

Rob BourriagueCOO at Ubio Labs

They (PC Bennett Solutions) just know Acumatica so well. Their depth of knowledge was great, and working with owner Patricia Bennett was the same; everyone has been so helpful.

Beth MorriseyVP of Finance and IT | Danforth Pewter