Project Accounting with Cloud ERP
Know what’s happening today. Not after the project is done.
Project Accounting is a way of measuring the costs of servicing your clients by tracking all of the financial components of a project such as budgets, estimates, costs, bookings, billing and everything in between. It’s an important aspect of project management because it’s important to know whether a project is on budget, if it’s profitable and it also gives you insight on what to bill.
Sounds simple enough? In theory yes. In practice, not so much.
With the increase of competition in all sectors, it’s important to know what’s happening on a job-to-job basis. Pressures to be more competitive increases the risk of over-committing – which can lead you to increase prices to compensate – making you less competitive.
These risks are all very real, but the good news is that there is help available.
To find out how you can avoid this from happening to your business, download our FREE Project Accounting guide below. Alternatively, if you would like to speak directly with one of our MYOB trained consultants, click Message Us Now> You can also call us on 1300 553 228 or email us at firstname.lastname@example.org