What is Project Accounting?
Project Accounting software is specifically designed to improve a professional services company’s ability to profit from the projects it undertakes. It facilitates the recording of time and expenses, and then delivers the data to project sheets so that it may be billed on to the client or an internal business unit. Other components include comprehensive work-in-progress analysis, improved customer care and responsiveness, motivating employees towards greater productivity and introducing the notion of recovery – the difference between what is on the clock and what is on the invoice.
