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| Home - Accounting Software - Microsoft Dynamics GP - Time and Project Management - Project Accounting |
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Project Accounting in Microsoft Dynamics GP connects project
activities with company financials, provides extensive reporting
capabilities, helps ensure accurate accounting and billing processes
throughout project life cycles, and streamlines time and expense
management. It empowers your people by giving them easy
access to the key project information and templates they need to
do their jobs quickly and efficiently.
Automate invoicing processes to meet project-specific needs by tailoring
billing options and customizing invoice formats, and gain complete control
over your General Ledger accounts while maintaining the detail you require
for project tracking and reporting.
Track unlimited contracts and
projects
Create contracts, budgets,
and projects with as much or as
little detail as you need. Easily track
project status and profitability, labor,
equipment, materials, and employee
expenses.
Stay informed about budget
changes and revenues
Track and
control change orders by line item
or by the original budget, and use
enhanced reporting capabilities
to display the exact information
you need.
Manage Intrastat statistics
Enter
and maintain the Intrastat information
you need when working with European
Union (EU) vendors and customers.
Improve billing efficiencies
Automatically update project costs
when products are returned to
vendors, and tie landed costs such
as freight and duties to project items
to more accurately bill and assess
profitability for projects.
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| Project Accounting Features |
| Project Management Support |
Set up and track profitability, utilization, and realization of projects with
customized revenue recognition, account integration, and the project
or budget configuration that best fits your needs. |
| Web Access |
Provide access to critical project information over the Web. With
Business Portal, project employees can link to Project Center and other
views of project data—with options to expand views beyond those
provided with the basic solution. |
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Change Order Management |
Create and track change orders at all levels of your budget or project,
down to individual line items. You can also look back to the original
budget prior to changes. |
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Efficient Billing Processes |
Automate invoicing processes and ensure accuracy with flexible billing
options, including billing by cycle or by percentage complete on a
project, and by creating comprehensive billing histories for customers. |
| Flexible Invoicing |
Choose from 60 billing reports to create customized invoice formats
based on customer needs, including retainer, service, and project
fees such as taxes and commission. You can also set up third-party or
multiple-customer billing. |
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Multicurrency Billing |
Establish billing rates and fees in multiple currencies to facilitate
international business transactions |
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Integrated Financial Management |
Deliver accurate, up-to-date information throughout your financial
management solution, with direct integration of receivables, payables,
inventory control, and other accounting functions. |
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Purchase Management |
Tailor purchase order and receiving system management with multiple
purchase order formats, project-specific optimization, and extensive
user-defined options. |
Consolidated Purchase Order
and Return Transactions |
Consolidate purchase orders and return transactions by using a single
purchase order or return transaction for both your project and core
business needs. |
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Project Inventory Management |
Transfer inventory items to your project, with complete control over
what will be used and when it will be available for billing. |
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Expense Tracking |
Track billing expenses whose direct costs are recorded elsewhere,
such as equipment usage or copying services, so you know how much
projects cost in relation to their revenue. |
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Easy Setup |
Install Project Accounting as part of your Microsoft Dynamics GP
business solution. Setup checklists help ensure that the functionality
you need is available. |
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Flexible, Customizable Reports |
View, sort, and filter customizable reports and worksheets to view
billings to date, revenue per project, change orders, and other projectrelated
information. Use the Report List to access and launch project
reports quickly, with flexible options to create the exact data set
you need. |
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Intrastat Support |
Easily maintain information for Intrastat trade reports required for items
bought from or sold to European Union (EU) vendors or customers. |
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Flexible General Ledger Interface |
Gain complete control over revenue tracking and customize account
distributions, subaccounts, and cost categories. |
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Flexible Transaction Adjustments |
Bulk-transfer costs from one project or cost category to another and
adjust fields such as billing rates, cost rates, or billing type with a full
audit trail. |
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Return to Vendor |
Return unsatisfactory or incorrect products, regardless of whether
the vendor invoice has been received. When returns are created, new
automation automatically removes costs from the project, removes
goods from inventory, and creates credit memos for billable projects,
payables, and multidimensional analysis. |
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Landed Cost Support |
Facilitate accurate project costing and represent additional costs in the
valuation of inventory by rolling shipping, handling, and import fees—
costs that are often unknown at the time of purchase order creation—
into the total cost of goods. |
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Multi-Bin Inventory Support |
Increase warehouse efficiency with multi-bin inventory, and use Project
Purchasing to easily view and stock items across specific bins. |
Import Timecards and
Expense Reports |
Import employee time and expense transactions recorded by hand-held
devices, time clocks, and other applications into Project Accounting. |
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Multicurrency Billing |
Report test results to meet your business needs. Create reports
summarizing defects discovered during inspection with the Non-
Standard Report (NSR). Issue Supplier Corrective Action Requests
(SCARs) to vendors to help ensure that they are aware of the problem,
research its source or sources, and take action to prevent recurrences. |
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Click Here for Information about Microsoft Dynamics GP Solutions - Project Accounting |
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