Project accounting software
Improve control, monitor revenue and manage profitability over the lifetime of your projects.
Access Financials project accounting software helps your team budget, manage, track and report on projects and gives you real-time visibility to maximise profit.
Integrated project accounting software for improved accuracy and efficiency
Real time project management
Real-time project costings, resource scheduling, expense tracking to improve your end-to-end project management.
360 view of your projects
Brings together your financial, project and resource management, for a full 360 view of your projects.
Drive better decision-making
Get clear, accurate data to drive better management decision-making with project based accounting.
End-to-end project accounting software
From job costing and timesheets to purchasing and invoicing, Access project accounting software supports all your project management needs.
- Project costings: keep projects within budget through automated checks, alerts and notifications. Create estimates using flexible project costing, including value, rate or cost-plus and discounts.
- Resource scheduling: use the interactive scheduling calendar to book resources against the statement of work to stay within budget.
- Task management: assign tasks, capture key project information using templated forms, share documents and communicate with your team and clients.
- Time and expense tracking: use online or mobile apps to quickly record time and expenses against a project.
- Purchasing: stay in control of costs and payments, share and store records electronically and automate invoice matching to help streamline purchasing.
- Invoicing: bill chargeable work promptly and accurately. Choose from multiple billing types, such as project milestone, percentage fee, work-in-progress billing - all within a single project.
Streamline project workflows
Automate workflows and approval processes to keep your operations running smoothly. Capture key project information and documents using templated forms, automate the management of tasks and approval processes, and track activity workflows. View, update and approve directly in Microsoft Outlook.
Accounting transactions feed straight into your Access accounting system, keeping your accounts accurate and up to date.
Use project reporting and analytics to support decision making
Get a 360-view of projects, keep track of project time and costs versus budget, track progress and profitability, work in progress, accrued income, cost-to-complete, and utilisation - all in real time.
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Live dashboards: get an instant view of performance with interactive, configurable dashboards. Drill down with smart search and filters to see the underlying data and detail.
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Advanced analytics: create unlimited insights from your data and connect data from other Access and third-party systems to give you the full picture.
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Custom reporting: access hundreds of ready-made reports, create charts, tables, dashboards and filters to easily share your key financial data, insights and reports across your organisation.
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Consolidated reporting: report information at the business, client, project or cost-code level. See all committed project costs, purchasing, billing forecasts, invoices and capacity for full visibility, governance and informed business decision-making.
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Project Accounting FAQ
What is project accounting?
Project accounting refers to the accurate tracking of costs incurred throughout a project’s lifespan, managing billing and reporting on revenue.
Managing project finances effectively means keeping costs under control and optimising revenue.
Good project finance software, such as Access Financials, gives your team the tools to plan and manage projects easily and profitably. Our project finance software provides real time project costings, resource scheduling, expense tracking and accounting; you can quickly identify if a project is on budget and adjust to avoid any overspend.
What is project accounting software?
With online project accounting software, revenues and costs can be broken down by project and down to a project phases, tasks or cost centres. And because costs and revenues are recorded day-to-day, project costing and accounting software can show, in real time, if projects are within budget, under-running or over-running.
What are the features of project accounting software?
Project accounting software can have multiple features depending on the software provider, it is important to consider what features are a specific need to your business. Some of the most important features to look out for include:
- Resource scheduling
- Time and expense
- Project Billing & managing WIP
- Project Budgeting
- Purchase Approvals
- Integrated procure-to-pay
- Automated Invoice Capture (with OCR)
What is the best project accounting software?
There are many project accounting software’s out in the market but the best project accounting software for your business depends on your business needs. When looking at project accounting software, you need to consider:
- Number of active projects
- Value of projects
- Stakeholders involved
- Cost of internal employees time
- Integration with main finance system
- Accessibility
Our article 'Best project accounting software' goes into detail about the considerations above.