The Sage MAS 500 Project Accounting software module supports best-practice project tracking management while providing the unique ability to control projects with exceptional flexibility. It is a key component of Sage MAS 500, an integrated series of business applications that delivers a flexible, scalable, and full-featured total business management solution.

Project managers track actual versus estimated costs through forecast completion to prevent cost overruns and generate bottom-line savings. The detailed estimating function allows estimation of multiple cost types, giving you the project tracking capability to report and analyze data at multiple levels. Data-driven contract rates handle numerous and complex project rates, making it easy to control rate changes and profitability. As project scope evolves, Project Accounting software permits changes to the estimated budget to increase forecast accuracy throughout project lifecycles.

Project Accounting software allows managers to optimize profitability through appropriate project type selection-whether time and materials, fixed price or both. The option to choose the most appropriate project type decreases management costs by eliminating multiple project tracking systems. In addition, the Project Accounting software's six GAAP-compliant profit recognition methods provide the power to control profit recognized over each period, resulting in a well-managed revenue stream. The ability to assign multiple profit recognition methods within projects provides control on every project.

Project Accounting software provides remote project tracking time and expense entry and project tracking status inquiry from anywhere in the world through the internet. With this capability, managers and supervisors can obtain timely information about project profitability, while remote workers are assured time and expenses are accurately tracked and entered.

Sage MAS 500 Project Accounting Highlights

• Monitor all project tracking details including estimates, change orders, purchase orders, timesheets, and billing.
• Prevent cost overruns and generate bottom-line savings.
• Process your time and materials against one or multiple projects.
• Input expenses electronically as incurred without the hassles of paper submission.
• Leverage the Microsoft Project facilities for developing time and resource plans by uploading directly to the Project Accounting software.
• Enjoy a seamless integration to Sage MAS 500 General Ledger, Accounts Receivable, Accounts Payable, Inventory Management, Purchase Order, and MRP modules.
• Invoke simple-to-use costing methods.
• Provide a wide range of invoicing and customization options to meet specific customer needs.
• Set up project tracking security groups and assign access permissions that restrict access to confidential banking transactions and account information.