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DatasheetGeneral Business

Project Accounting

Acumatica's Project Accounting streamlines budgeting, billing, and revenue recognition, providing professional services and construction firms with tools to manage projects, control costs, and optimize profitability.

What you'll learn

  • Comprehensive Budget Tracking: Track project budgets including labor, materials, and non-stock items with real-time variance reports, ensuring projects stay on budget.
  • Automated Revenue Recognition: Supports billing rules for cost-plus, fixed-price, and time-and-materials projects, automating revenue recognition based on completion percentages or tasks.
  • Flexible Billing Options: Handles complex billing scenarios with configurable rates by employee, customer, or project task, supporting multiple billing cycles.
  • Integrated Resource Management: Assign project managers, employees, and equipment to tasks with real-time visibility into costs, utilization, and profitability.
  • Advanced Change Order Management: Streamline change requests with automated workflows for approvals, budget adjustments, and updated billing schedules.
"Gaining project-level profitability was a key cornerstone moment because it was no longer something that was assumed. Now I am actually seeing it, and to have the ability to pull reports and see the data was really eye-opening." - Chris Williams, Director of Business Operations, Interaction Associates
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