Sage Intacct – Project Accounting & Costing
Sage Intacct Project Costing & Accounting
Sage Intacct delivers an integrated and in-depth Project Costing solution that suits businesses with a need to track, manage and automate client and inhouse projects. The Sage Intacct Project Accounting solution at its core brings everything together against a Project for complete insight.
This includes Project Budgeting, Costing and Resource Management, Time Entry, Stock Allocation, Project Purchases, Project Billing and Revenue Recognition as well as many other features.
It enables Project Managers and Staff to have complete visibility of the Project Status, Financial Picture, Resource Planning and easily monitor the Project versus Budget through the project’s stages. It enables your organisation to foresee project issues and react to ensure they are adequately resourced, can be delivered on time, and within cost.
Sage Intacct – Project Budgeting, Costing and Resource Management
The budgeting power for Projects in the Sage Intacct module is second to none, with the ability to budget all components of a project by multiple dimensions, like stage, location and department. The ability to have multiple budget revisions as you move through the project and present progress of Actuals against Budgets & revised Budgets in Dashboards to Project Managers deliver real-time information to them, enabling them to make decisions to effectively manage your projects.
Project Time Capture and Tracking
Staff can easily record their time against projects from any location, which can follow an approval process with Project Managers approving timesheets seamlessly. Timesheets are then automatically costed and allocated to the correct Projects. Staff Labour hours can be both billable or non billable, with flexibility around calculating and costing both direct and indirect labour costs. Labour can be analysed in real time to measure how your staff are tracking across the project stages and to budget via dashboards.
Full-featured costing and resource management
With Sage Intacct Project Accounting, you can manage Staff Resources, Costs, Charge out rates, and their allocation to Projects easily. Projects can be broken down into Stages and Tasks, with the ability to estimate and budget each task, automatically rolling up to give you accurtae Project Estimates. Staff can be setup as resources and allocated to tasks, where you can manage and anlyse projects through Ghantt Charts and Dashboard style reports.
Project billing, and revenue recognition
When it comes to Project Billing, clients use a combination of different invoicing methods including Fixed Price, Cost Plus, Progress Claims, and often there are timing implications of receiving project revenue. Sage Intacct caters for all project invoicing options, and can automatically manage revenue recognition and Work in Progress throughout the lifecycle of the project.
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