Project Accounting

Acumatica Project Accounting helps project-based organisations manage budgets, inventory, change orders, time, billing and reporting across projects involving multiple employees, tasks and materials.

Core Capabilities

• Track Project Costs: monitor materials, labour, services and inventory-related project costs.
• Flexible Billing: apply different billing approaches by employee, customer, work type or project and support revenue recognition based on progress.
• Real-Time Budget Reporting: compare actual project costs with original and revised budgets by financial period.
• Change Order Control: manage changes to revenue budgets, cost budgets and purchasing requirements.
• Company-Specific Financial Periods: support different financial periods across companies while sharing appropriate master data.
• Project Quotations: support structured project quotation processes for project-based business.