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Project Accounting

Manage budgeting, inventory, change orders, time sheets, billing, profitability, and reporting for individual business initiatives. Projects are included in company-wide financial reports with full multi-currency support.

How Project Accounting can work for you

Powerful accounting tools, seamless integration

Acumatica’s Project Accounting Software is fully integrated with Acumatica ERP, ensuring everyone is viewing the most up-to-date information available. Direct integrations with:

Key benefits of Intercompany Accounting for your business

Track Project Costs

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

Budget Reporting

Compare actual project costs with original and revised budgets and forecasts by period using real-time reports. Include all project costs: inventory items, non-stock items, labor, services, and more.

Manage Project Quotes

Simplify project sales and pricing by supporting complex quote processes, improving project control and management. Create quotes, update them, link them to CRM and track versions. When approved, create projects and provide billing details.

Flexible, Accurate Billing

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

Control Change Orders

Improve project management by controlling changes to the project scope, including customer and internal requests. Create a change order with all the documentation attached. Define your workflows and approval processes, and release change orders with full business intelligence visibility and audit trail control.

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. The company-specific periods are defined at the branch level.

Revenue Recognition

Define billing rules to recognize revenue using the percentage of completion or the completed tasks method. All recognition rules are automatically reflected in the GL journal entries. Deferred revenue and recurring revenue models are supported out of the box.

Multi-Currency Project Accounting

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

Project Accounting Applications


Project Cost Tracking

Monitor and manage project costs, revenues, and budget for projects.


Advanced Billing

Manage all project billing scenarios including fixed price, time and materials, and contract specific pricing.


Time Management

Capture employee or crew time for projects, services, and payroll with mobile time entry and flexible approvals workflow.


Advanced Expense Management Software

Save time and minimize errors with automated credit card transaction imports, smart matching with artificial intelligence and machine learning, and push notifications to remind employees to submit expense receipts via their mobile device.

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