Project Accounting

Projector’s Project Accounting software empowers service leaders to focus on revenue recognition and project accounting, and regain valuable time previously spent chasing spreadsheets. Projector is a purpose-built project accounting subledger that seamlessly integrates with existing financial systems, and extends the lifespan of the general ledger. Go well beyond simplistic, siloed time and expense tracking with integrated invoicing, forecasting, and revenue management that provides a holistic, accurate view of past and present while providing an unmatched window into the future. The Project Accounting module can automate workflows to create, review, and issue invoices, all while being GAAP and ASC 606 compliant.

Automating project accounting enables services organizations to focus on their customers, not revenue recognition rules. When properly balanced with resource scheduling and project management, professional services organizations fundamentally change their financial performance.

Collected from SPI Research’s annual Professional Services Benchmark

Projector’s Quantifiable Impact

According to SPI Research’s comprehensive market report, Projector’s PSA platform drove an average of 7% healthier project profitability, 8% more revenue per consultant and 11% less revenue leakage than other PSA software.

7%

Healthier project profitability

8%

More revenue per consultant

11%

Less revenue leakage

Services organizations that use Projector deliver remarkable performance.

Project Accounting Features:

Time Tracking

Employees and sub-contractors track their time in an easy-to-use, configurable interface or via a mobile app.

Expense Reporting

Projector’s intuitive expense reporting offers full multi-currency reporting, VAT management, credit card upload, and the ability to attach images of receipts.

Automated Workflows

Projector’s project accounting module customizes time and expense approval workflows, automates email requests for missing timesheets, and triggers notifications for pending review and approval.

Revenue IQ

The Revenue IQ feature dynamically allocates future project revenue based on projects’ current state. When changes to a project occur, Projector will combine past performance with a project’s future schedule to allocate revenue, labor cost, and profit based on rules that keep you GAAP compliant. This forecasting tool provides the most accurate picture of project-level performance, seamlessly aggregating up to a departmental, practice area, or organizational level. Revenue IQ is the secret to efficiently managing complex contractual terms like fixed price projects.

Project Budgeting

Understand each project’s percent completion and budget burn rate at any time. Managers can even set up automated email and online alerts that warn when projects are at risk.

Invoicing

Projector’s invoicing capabilities enable project managers to collaborate on invoicing, while keeping the control to approve or reject suggested changes within an organization’s finance department.

Configurable invoice templates provide the option to show just the bottom line or to include details about hours, activities, and discounts.

Accounting Integration

Projector works in concert with the most widely used accounting systems, and can function as the project accounting subledger. The accounting system provides the overall profitability, and Projector maintains the details of performance at a client, project, activity, and resource level.

By managing all this project-level detail, Projector can ease the burden on a general ledger, even extending the life of a simpler accounting system like QuickBooks.

Projector integrates with financial packages such as Oracle, Microsoft Dynamics GP, NetSuite, and Intacct as well as smaller accounting systems like QuickBooks and Sage 50. Organizations that have grown by acquisition can map to multiple charts of accounts.

Microsoft Dynamics GP, Intacct, Xero, QuickBooks Desktop, and QuickBooks Online integrations use pre-built connectors that can be configured entirely by business users. Other integrations use Projector’s web services, and can be built by our development team or internal development staff.

Empowering Service Leaders

Project Accounting built to drive performance