Project Accounting and Professional Services

The Acumatica Project Accounting and professional services Software Suite helps you manage billing, budgeting, time sheets, inventory, profitability, and reporting for different business initiatives.

The Project Accounting Software is integrated with the accounts payable, accounts receivable, general ledger, sales orders, inventory management, purchase orders, and an employee portal.

Benefits of Acumatica for Project Accounting

Track Project Costs

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

Flexible, Accurate Billing

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

Budget Reporting

Compare actual project costs with original and revised budgets and forecasts by period using real-time reports. Include all project costs.

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Control Change Orders

Improve project management by controlling changes to the project scope, including customer and internal requests.

Manage Project Quotes

Simplify project sales and pricing by supporting complex quote processes, improving project control and management. 

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. 

Multi-Currency Project Accounting

Enter project transactions in different currencies and maintain projects in both the base currency and the project currency.

Revenue Recognition

Define billing rules to recognize revenue using the percentage of completion or the completed tasks method.

“Within two months, we reduced the work and time spent preparing management accounts. It used to take 10 work days to complete what now takes 7 days.”

–  Shaun Jackson, Director of Finance, FixNetix

The ASC + Acumatica Difference

Advanced Solutions is an Acumatica MVP VAR because we deliver. Our team is both expert in applying optimized business processes to ERP and modern technologies – before, during, and after implementation. Learn more

Acumatica Developer MVP
Acumatica MVP

Project Accounting Applications

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Project Cost Tracking

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Advanced Billing

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Time and Expense Management

Get Started With Acumatica Project Accounting

Don’t wait any longer. Visit the links below to learn more about how Acumatica can help your professional service business, schedule a free consultation, or give us a call at (858) 755-9200.

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