Project Accounting

MYOB Acumatica Project Accounting provides comprehensive tools to manage all financial aspects of projects, including budgeting, cost tracking, billing, and profitability analysis. It supports time and expense entry, project costing, revenue recognition, contract management, and multi-level project hierarchies. Integrated with Acumatica’s Financials, CRM, and Inventory modules, it offers real-time visibility into project performance and financial health, enabling detailed reporting and compliance with accounting standards.

Benefits:

• Accurate Cost Control: Track labor, materials, and overhead expenses to stay within budget and maximize profitability.

• Streamlined Billing: Automate progress billing, time and materials invoicing, and retainage management.

• Real-Time Insights: Access up-to-date project financials for informed decision-making and risk management.

• Improved Resource Management: Allocate resources efficiently with integrated time and expense tracking.

• Enhanced Compliance: Support for contract types and revenue recognition standards ensures regulatory adherence.

• Integrated Operations: Seamless connection with ERP modules eliminates data silos and reduces manual entry errors.