Sage Intacct Project Accounting: Projecting Success
When your primary business model revolves around projects, having a purpose-built system that manages, tracks, and reports on project financials is essential.
The Sage Intacct Project Accounting and Project Costing module is an ideal option. Here’s more about what makes it work so well and which types of organizations stand to benefit the most.
Sage Intacct’s Project Accounting and Project Costing Capabilities
At its core, the Project Accounting module is designed to capture and report every financial detail of a project. This includes tracking individual costs, revenues, and the overall profitability of each project.
- Get total visibility of costs, time, and expenses
- Manage resources, billing — even revenue recognition
- Generate deep insights that keep projects on track and help grow profits
Flexible Billing Scenarios
Every project is unique, and so are its billing requirements. Whether fixed-price, time and materials, or milestone-based billing, Sage Intacct can handle them all, offering the right billing solution for every project type.
- Generate invoices using a variety of billing methods
- Easily separate revenue recognition from billing
- Calculate based on milestones, schedules, or percent complete
Real-time Project Visibility
Real-time dashboards provide instant insights into project performance. From profitability to resource utilization, decision-makers can access the data they need when needed. With Sage Intacct Project Accounting, you can:
- Access role-specific reports and dashboards
- Easily share reports with clients and colleagues
- Get answers about status, milestones, invoicing, costs, and budgets
Better Resource Management
For project-based organizations, human resources are definitely the most valuable resources, so optimizing their productivity is essential. With Project Accounting, you can identify the right resource with the right skills and availability to start projects fast—and finish them on time and on budget.
- Quickly identify who’s over-scheduled and who’s got capacity
- Gain clear insights into team utilization and efficiency
- Understand which projects and client types are most profitable for you
Budget vs. Actual Analysis
Every penny counts in project management. By comparing the planned budget against actual revenues and costs, you’re able to proactively identify areas of concern and make adjustments before they become significant issues.
- Track expenses by projects, budget to actual, and more within projects
- Identify unbilled R&D costs
- Run billable services projects for clients
Integrated Time and Expense Management
Easily track and bill for direct expenses and labor costs, ensuring you can accurately capture all project-related expenditures.
- Time tracking built into accounting
- Automate tedious time entry for faster, more accurate billing
- Use AI to reconstruct the work week and recapture forgotten billable time.
Who Should Consider Sage Intacct Project Accounting?
While the Sage Intacct Project Accounting module can be beneficial for various businesses, it holds specific advantages for organizations that take on defined, time-bound projects with specific budgets, resources, and deliverables, like these:
Construction—Given the scope, scale, and duration of construction projects, a dedicated accounting solution helps track project-specific costs, revenues, and profitability, ensuring projects remain on budget.
[Learn how Sage Intacct Construction provides project accounting and much more.]
Professional Services—Consulting firms, architects, and marketing agencies often work on a project-by-project basis. They need precise financial tracking for billable hours, expenses, and revenue for each client engagement.
Non-Profit Organizations—NGOs often undertake projects funded by grants or donations. They require stringent financial accountability to ensure funds are utilized appropriately and transparently.
If your organization’s success depends on its ability to account for its projects accurately and efficiently, Sage Intacct Project Accounting offers the precision, flexibility, and real-time insights you need to keep projects financially on track. Contact our Sage Intacct consulting team to learn more.
Read the whitepaper: Project Accounting Software Evaluation Guide