NetSuite PROJECT ACCOUNTING
Drive Cash Flow by Automating Project Accounting and Invoicing
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 maximize 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, inventory management and the employee portal
Features
- GAIN FLEXIBLE AND AUTOMATED INVOICING
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. - AUTOMATE PROJECT-LEVEL REVENUE RECOGNITION PROCESSES
Recognize revenue according to its unique schedule and guidelines, leverage revenue recognition that’s separate from project billing to support how your organization measures profitability - MONITOR PROJECT 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.
Benefits
- GAIN COMPLETE PROJECT VISIBILITY
Achieve complete visibility into resource utilization, skills profiles, bookings and more. - OPTIMIZE PROFIT MARGINS AND BILLABLE UTILIZATION
Reduce dependence on resource management spreadsheets with real-time tracking of skills and availability and centralized, up-to-date, searchable resource profiles. - ENHANCE EFFICIENCY AND PRODUCTIVITY
Robust utilization reporting allows you to select the metrics that matter most-worked hours, allocated hours, assigned hours and more - CENTRALIZED RESOURCE MANAGEMENT AND DEPLOYMENT
Automate resource management requests and bookings with customizable workflows and optimize project teams using a single, global pool of resources.