Project Accounting

Professional Services & Consulting Companies

Drive Cash Flow By Accounting And Invoicing For Projects

Maintain tight control over the strategic direction of your programs, efficiently manage resources and ensure that projects are completed on time and within budget are critical components to improve the efficiency and productivity of service delivery.

NetSuite Project Accounting integrates project operations with the financials of the business, helps to ensure accurate accounting and accounting throughout the life cycles of the project, streamlines time and cost management and offers robust reporting capabilities.

NetSuite Project Accounting covers general ledger accounts, accounts payable, accounts receivable, sales orders, purchase orders and inventory management.

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Features

Flexible and Automated Invoicing

Automating project invoices, handling customer-based or project-based approvals with an end-to-end invoicing system, monitoring unpaid invoice balance in real-time, and combining project accounting with general ledger.

Automate Project-Level Revenue Recognition

Recognize revenue in compliance with its specific schedule and instructions, exploit separate revenue recognition from project accounting to help how the company calculates productivity

Monitor Project Profitability

Use easy-to-read graphs and charts, track and report on project-level overview and information accounts including project productivity indicators and project budget versus real-time budget.

Manage advanced accounting and revenue recognition laws and have a clear view of the entire project with key indicators of success, financial and performance.

Benefits

Enhancing The Visibility Of Project Finances

Monitor the workflow of invoices and track where each invoice is throughout the billing cycle, reducing delays and increasing control over aged invoices.

Better Profitability, Better Performance

Get fast, marked improvement in spending and customer satisfaction by embedding in the solution logical project accounting and simple organizational techniques.

Get Full Insight Into Profits And Forecasting

View the situation of your revenue in detail or in summary. Empower the teams to make more informed decisions for the day, week and months ahead in real time.

Revenue Recognition for Any Service Delivery Organization

Automate complex revenue estimates and allocations on a project-by-project basis and support multiple revenue scenarios.

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Our team has a combined experience of 12 years, with 35 countries served and over 500+ deployments.