Who do you perform Project Accounting? In a year, we have hundreds of projects. We wish to track and monitor the accounts of our projects individually.
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Hi,
You can activate Analytic Accounting in Accounting ‣ Configuration ‣ Settings to track costs & revenues by project, department, etc.
The analytic accounting can be used for several purposes:
- analyse costs of a company
- reinvoice time to a customer
- analyse performance of a service or a project
Best regards!
Is it the right tool if I got hundreds of projects annually?
Hi,
If we enabled the analytic accounts, project creation activity automatically create an analytic account.
Generally, Analytic Accounts terms are not highly inscribed inside the accounting. It is a very flexible term used in majority sectors inside a company. Analytic Accounts are not only used in Project management, But also in several modules like manufacturing – production management, human resource expenses, administration management etc. If we enabled Analytic Accounting over project management, we can track its performance, productivity, profitability, invoicing and time sheets in all manner. Through this, the top user can manage and forecast easily the resources and time.
Best regards!
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