Project Accounting
Support Your Services Organization End-to-End with a Powerful, Cloud-Based Suite
Drive Cash Flow by Automating Project Accounting and Invoicing
Maintaining tight control over the strategic direction of your projects, supporting resources effectively and ensuring that projects are completed on time and within budget are critical components to maximize service delivery performance and profitability.
NetSuite Project Accounting connects project activities with company financials, helps ensure accurate accounting and billing throughout project lifecycles, and streamlines time and expense management and provides extensive reporting capabilities.
NetSuite Project Accounting is integrated with the general ledger, accounts payable, accounts receivable, sales orders, purchase orders and inventory management.
Manage sophisticated accounting and revenue
recognition rules and have the entire project
with key progress, financial and performance
indicators together in a single view.
Features
Gain Flexible and Automated Invoicing
Automate project invoices, manage approvals based on customer or project with an end-to-end invoicing engine, view outstanding balance on an invoice in real-time and integrate project accounting with general ledger.
Automate Project-Level Revenue Recognition Processes
Recognize revenue according to its unique schedule and guidelines, leverage revenue recognition that’s separate from project billing to support how your organization measures profitability
Monitor Project Profitability
Monitor and report on summary and detail project-level accounts including project profitability metrics and project budget versus actual in real-time using easy-to-read graphs and reports.
Benefits
Empower Visibility on Project Financials
Track invoice workflow and monitor where every invoice is throughout the billing process, reducing delays and getting better control over aging invoices.
Revenue Recognition for Any Service Delivery Organization
Automate complex revenue calculations and allocations and support multiple revenue scenarios on a project-by-project basis.
Enhanced Productivity, Enhanced Efficiency
Get quick, marked improvement in expenditure and customer satisfaction through embedding logical project accounting and fundamental organizational techniques into the solution.
Get Complete Revenue and Forecasting Insight
View your revenue situation either in detail or summary. Empower your teams to make more informed decisions in real-time for the day, the next week and months out.
