This new eBook provides six ways to enhance your project accounting—and your bottom line.
Project accounting is essential to maintaining control of your budgets and resources, generating timely and accurate billing, and establishing your projects’ profitability. Any project accountant can tell you that it’s the only way to manage project budgets and resources. Project-based industries—from marketing to engineering—rely on project accounting to give them accurate estimates, manage time and resources, generate billing, and, most importantly, determine whether the project was profitable. Nevertheless, many project-based businesses are not using project accounting software to help them manage their projects.
In this eBook, we’ll discuss several common pitfalls that can affect every project. We’ll then describe how, with the right project accounting solution, you can avoid these pitfalls and ensure profitability for your projects, regardless of size or complexity.
Project profitability begins with capturing time accurately. Eliminating manual data entry. Generating timely, accurate reports. And taking common-sense steps to prevent scope creep and budget overruns. That sounds like a lot to keep track of—but it’s much easier when you have the right accounting tools.
Protect your bottom line by avoiding six of the most common barriers to profitable projects. This new eBook from Acumatica will help.
In this eBook, you’ll discover:
- The best way to mitigate scope creep.
- How to reduce project risk by building contingency into your schedules.
- Several factors to consider in preparing accurate estimates.
- Four ways to simplify project closing.
- How to tackle the revenue recognition requirements of ASC 606 and IFRS 15.
With project margins tightening in an uncertain business environment, project profitability has never been more important. Gain an edge by downloading this eBook now.