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 maximise 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.
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.
Recognise revenue according to its unique schedule and guidelines, leverage revenue recognition that’s separate from project billing to support how your organisation measures 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.
Track invoice workflow and monitor where every invoice is throughout the billing process, reducing delays and getting better control over aging invoices.
Get quick, marked improvement in expenditure and customer satisfaction through embedding logical project accounting and fundamental organisational techniques into the solution.
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.
Automate complex revenue calculations and allocations and support multiple revenue scenarios on a project-by-project basis.
Interested in growing your business with NetSuite?Start chat