Project Accounting

Track project costs, quotes, billing and profitability whilst managing tasks, inventory, change orders, timesheets and expenses.

Acumatica Project Accounting is ideal for project-based initiatives or professional service organisations such as engineering and field service, marketing companies, consultants, and law firms. Track all types of projects – large or small, internal or external, single or multi-currency.

Project Accounting seamlessly integrates with Acumatica General Ledger, Accounts Payable, Accounts Receivable, Sales Order Management, Purchase Order Management, Inventory Management, Time Management and Advanced Expense Management modules.

  • Up-to-date view of all project costs – continuously track budget execution and cost vs budget.

  • Resource management – assign project managers, employees and other resources to individual projects and tasks.

  • Invoice with confidence – adjust billing rates by type of work, employee, customer, or unique project.

  • Expense allocation – Allocate overhead and shared expenses to projects, including billable or nonbillable items.

  • Track future revenues and accommodate complex pricing models with confidence in conjunction with Acumatica ERP.

  • Truly mobile – teams can submit work orders and timesheets from any web-enabled device.

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

  • Company-specific financial periods – crucial for companies that share vendors, stock and employees.

Project Accounting Software
Project Accounting Software
Project Accounting Software

Monitor projects with the configurable role-based project manager dashboard and manage daily activities anytime, anywhere, from any device. Review and approve timecards and expenses with real-time mobile connectivity to project information and reports.

Acumatica Project Accounting modules

All modules are fully integrated with your Acumatica Cloud ERP system

Project Cost Tracking

Automatically track and manage project costs, revenues, and budget. Define projects and tasks, then populate projects with employees, resources, and equipment. Manage projects of any complexity across different project types and industries and roll costs up to financial reports.

Advanced Billing

Invoice according to project and contract requirements. Modify resource billing rates by project, tasks, inventory, employee, and account group. Manage all billing scenarios including cost plus, fixed price, time and materials, milestone billing, and contract-specific pricing.

Time Management

Capture time for employees, contractors, and other staff or resources through a secure browser or the mobile app on any device, anytime, anywhere. Managers have flexible approvals workflows. Time entries flow through to project accounting for project costing and billing and connect to all system areas.

Advanced Expense Management

Save time and improve data accuracy with automated bank feed imports, smart matching powered by artificial intelligence and machine learning, and push notifications to remind employees to submit expense receipts via their mobile devices.

What Acumatica customers say…

  • Korpack Manufacturing ERP Software customer

    “NetSuite charges per user and had higher premiums where Acumatica has a better cost structure and doesn’t charge per user.”

    Patrick Madison, CFO
    Korpack

  • Manufacturing Aimtec Acumatica Customer

    “Acumatica was attractive as it allowed me to easily integrate with the custom solutions that gave me a strategic advantage and it dealt with the standard ERP transaction processing in a way that could support my global operations.”

    Vladimir Serafimov, CEO and President
    Aimtec

  • Safety Management Group Field Services

    “Acumatica’s full-function mobile app was also attractive; it would give the remote field service team working from 37 states much better access to a single source of truth and give managers greater visibility and the tools necessary to manage their projects.”

    Rebecca Ogle, CFO
    Safety Management Group