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accounting software

Accounting software

The responsibility for project accounting can span operations, such as project management, and finance. Project Accounting modules are often part of the corporate finance system, but where project managers have profit responsibility, they need their own operational tools, which feed into Finance. Innate fits the bill for operational project accounting software. Alongside the project and resource management functions needed to plan and staff each project, we provide operational project accounting: * Project budgets for hours, costs and revenue can easily be worked from detailed estimates. * Timesheets capture actual hours spent and estimates of remaining work for project tracking and performance measurement. * Expenses can be recorded as part of the time entry, or separately. * Cost and billable rates are managed. There is no restriction on the number of rate sets, so each ‘time and materials’ project can have its own set of billable rates. Activity based costing provides role base rates, where an individual’s tasks span more than one rate. * For fixed price or stage payment projects, monthly revenue recognition can easily be computed, as can the amount due at the billing points. * Irrespective of the billing method, costs are tracked so that project profitability can easily be monitored. Data exchange between Innate and finance’s project accounting system is easily handled with the Innate integrator. Our experience includes MS Dynamics GP, NAV, SAP and Sage products. Staging tables that permit finance to review data before acceptance are popular, but direct transfer between databases can also be provided.
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