Project Cost Tracking
Monitor and manage project costs, revenues, and budget for projects. 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.
How Project Cost Tracking can work for you
Seamlessly integrate with GRP General Ledger, Accounts Payable, Accounts Receivable, Inventory, Purchase Orders, Sales Orders, Time Management, and Advanced Expense Management modules to automatically track project costs and budget. Associate any document with a specific project for complete accounting for all activities and costs. Ideal for any industry including professional services organizations such as engineering firms, marketing companies, consultants, law firms, temp agencies, and many others.
Key Benefits of Project Cost Tracking for your Company
Total View of All Costs
Get up to date information on all project costs, including completed work and work in process accounting. Track employee time, subcontracted services, material, and inventory. Easily compare actual project costs with original and revised budgets by period. Continuously track budget execution and cost vs budget.
Billable Revenue Tracking
Track future revenues as a project progresses. Accommodate complex pricing models with confidence in conjunction with GRP.
Scalable for Any Type of Project
Track all types of projects – large or small, internal or external, single or multi-currency. GRP offers mobile-friendly, fast, and convenient data entry and information access.
Available from Anywhere
Make it easy for remote employees, installers, contractors, and others to submit work orders and timesheets from any browser-enabled device.
Labor Cost Rate Flexibility
Define costs by employee, labor item, project, project task, and rate type, simplifying time entry and improving visibility, particularly for construction prevailing wage and union requirements. Expand integration with payroll and HRM systems with projects, tasks, cost codes and standard and actual costs using the Contract-Based API.
Important Features of Project Cost Tracking
Assign project managers, employees, equipment, and other resources to projects and tasks. Establish billing rules and options for each task.