Project Accounting Cloud ERP Software

Project Accounting in ERP

Horizon EBS project accounting software

The user-friendly Project Accounting module in Horizon delivers a robust platform that aids in managing project costing, budgeting, and invoicing. It 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.

Project Accounting Module is seamlessly integrated with the general ledger, accounts payable, accounts receivable, purchase orders, subcontracting, inventory management, and the human resource management system. You can get the total view of all costs related to a project or a job including materials, labor, subcontractors, inventory, and overhead. You can allocate shared costs and overhead expenses to projects or jobs.

It is simple, easy-to-use, powerful and ideal for project-centric businesses including Construction, MEP Contracting and General Contracting companies.

Project Accounting Solution

Benefits of project accounting ERP software

It manages multiple types of projects and project expense categories including labor, materials, sub-contracting, overheads, plant, and equipment for better monitoring of projects across all the integrated modules.

You can bill projects based on completing project activities or achieving project milestones. This can be further certified by the client for actual revenue recognition in the system.

You can track all the financial metrics of a project including budgets, estimates, work in progress, bookings, invoices, profit, and costs.

Sub Contract Management can be done more efficiently with complete monitoring of Advance, Retention, Material Back Charges, and Variations, etc. The complete payment application and certification can be done very efficiently.

Gain insights and make better decisions with a powerful summary and detailed MIS reports available. You can track the progress and monitor costs associated with each project, keeping you on top of financial performance. Monitor project profitability and get real-time visibility into project against estimated project expense categories.

The Project Dashboard gives project managers a visual, graphical analysis of the status of specific projects. Project managers can see important key performance indicators (KPIs) at a glance such as which projects are on time, under budget, and destined for success. The dashboard updates automatically to provide you with an up-to-date view of the current health of your projects, while it’s happening.

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