Benefits of Project Accounting for Finance
Finance teams are tasked with a multitude of responsibilities that are key to a firm's success and growth. You have a lot to do, and it's even harder when your processes are disconnected and filled with wasted administrative tasks.
You need a tool designed for how you get things done. With Deltek’s Project Accounting you will have the software infrastructure that allows your team to complete a wide range of financial tasks without wasting administrative time and effort.
Centralise your employee labour, sub-consultant contracts and project expenses so you can have a full picture of the financial state of your projects. Reduce the time spent setting up projects and accounting for all the financial aspects of your jobs.
- Manage cost and charge rates using a central library and link grade, client or project specific rates to projects
- Set and compare budget versus actual cost against definable cost heads like sub-consultants, travel costs and print costs
- Integrate purchase ordering processing to track order commitments. Also integrate purchase invoices to capture, authorise and cost sub-consultant and other project costs
Get control of your billing cycle and increase your cash flow. With the right tools in place you can reduce your billing cycle and monitor you various expense items. Easily manage your financial ledger and gain transparency with full audit histories of your transactions. Subhead for this Tab, Single Line of Text if Possible
- Reduce the billing cycle by alerting project managers when invoices are due for issue
- Shorten the billing cycle and improve accuracy by creating both draft and actual invoices electronically, which can then be reviewed and approved online
- Link Project Accounting with your financial general ledger and avoid having to manually enter invoices to your sales ledger or update payment status' and debt positions
Make time and expense entry easy for your team so you can drive faster and more accurate timesheets. Deltek’s Project Accounting provides the right tools for your team to quickly and easily complete their administrative responsibilities and get back to billable work, while giving you the control to manage them effectively.
- Provide weekly timesheets to your project fee earners through their own personal portal page
- Easily customise your timesheets to support your job costing processes
- Help your staff complete timesheets on the move with our Apple iPhone app