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Enterprise Accounting Software for Professional Services Firms
Maconomy Financial Budgeting analyzes your business operations using a single source of truth and provides complete financial visibility for reporting and compliance.
Accounting Software for Professional Services
Deltek Maconomy’s Financial Budgeting module provides complete visibility into your organization’s financial ledgers, across companies and currencies. With the ability to drill down from the division or unit level to an individual project or work stream, you can streamline intercompany transactions and accounting processes in one cloud-based solution to improve cash flow, working capital and overall performance.
Benefits of Maconomy Financial Budgeting
Enhance Efficiency
Streamline accounting processes to improve accuracy and accelerate cash collection.
Improve Cash Flow
Free up working capital, reduce DSO and improve cash flow with more efficient processes.
Firm-wide control
Establish a standard budgeting approach that is consistent across each department, service line and location.
Features of Maconomy Financial Budgeting
Examine Profitability
- Create budgets and generate invoices based on engagement progress, time and expense, fixed fee or client budgets
- Budgets can be referenced to provide information for future needs and compared against previous billings
- Automatic allocation of transactions over multiple accounts, dimensions and periods
Streamline Accounting Processes
- Reduce duplicate entry and errors by integrating all financial ledgers into the comprehensive job costing module
- Streamline intercompany transactions and accounting processes with one integrated database
- Streamline invoice process with instant chat; follow up and control payments with cash collection
Drill Down & Customize
- Drill down from division or unit to individual project or work stream and control access for multiple user types
- Efficient and automated revenue recognition, configurable at cost or selling price
- Flexible to support centralized or decentralized invoice processes and hourly, fixed fee or progress billing
Distinct Support for Services Enterprise
- Multi-company model enables you to budget for several independent units in multiple locations within compliance
- Multi-company roll up for consolidated visibility and reporting
- Built to support specific needs of professional services firms like project accounting, WIP and revenue recognition