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Want to learn more about MYOB Advanced Project Accounting?
Manage Budgeting, Inventory, Change Order, Timesheets, Billing, Profitability, and Reporting for individual business initiatives. Projects are included in company-wide financial reports with full multi-currency support.
Project Accounting Software features are integrated with General Ledger, Accounts Payable, Accounts Receivable, Sales Orders, Purchase Orders, Inventory Management, and the Time & Expense mobile application. Some of the benefits are outlined below.
Compare actual project costs with original and revised budgets and forecasts by period using real-time reports. Include all project costs: inventory items, non-stock items, labour, services, and more.
Simplify project sales and pricing by supporting complex quote processes, improving project control and management. Create quotes, update them, link them to CRM and track versions. When approved, create projects and provide billing details.
Define billing rules to recognize revenue using the percentage of completion or the completed tasks method. All recognition rules are automatically reflected in the GL journal entries.
Improve project management by controlling changes to the project scope, including customer and internal requests. Create a change order with all the documentation, including the revenue budget, cost budget, commitments, and class. Define your workflows and approval processes, and release change orders with full business intelligence visibility and audit trail control.
Vary billing rates by employee/customer, type of work, or specific project. Recognize revenue based on completion percentage or task progress.
Gain a complete view of project-related costs for materials, labour, services, and inventory items.
Cloud Factory is a team filled with passion for the various roles and disciplines required of an ERP Solution implementation and support. We consider ourselves a leading innovator for ERP Solutions with customers located throughout Australia. Our team will focus on a solution and whether that is driven by an on-premise or Cloud solution you can rest assured we will always advise on the solution.
Our solutions deliver a complete, real-time view of your business anytime, anywhere. Through our team of experienced application consultants, we implement and support a full suite of integrated business management applications, including Financials, Distribution, Manufacturing, Project Accounting, and CRM.
