Intacct Project Accounting

Maximize service delivery performance and profitability.

Connect services delivery with finance for efficient and profitable business management.

Highlights

  • Streamline and automate the capture of all billable and non-billable time and expenses.
  • Reduce revenue leakage, maximize billable hours, gain control over current project costs and margins, and forecast more accurately for future projects.
  • Speed up and maximize cash collection and revenue recognition for improved cash flow.
  • Proactively manage project revenue, costs, and margins for improved profitability.
  • Gain real time visibility into backlogs, and their impact on recognized and deferred revenue.
  • Ensure that bids reflect the true cost of implementation and include adequate margins.
  • Gain insight into project and customer profitability.

Intacct Project Accounting software provides comprehensive capabilities to unify, automate, and streamline the financial and operational processes throughout the services delivery lifecycle. Combine Intacct Project Accounting software with our best-in-class cloud-based financial management and accounting applications to maximize performance and profitability, provide better service to clients, and boost financial visibility for better real-time decision making throughout the project-to-cash lifecycle.

Gain operational and financial visibility into the entire service delivery lifecycle.

Gain real-time visibility into all aspects of your business—whether you’re interested in the most profitable clients, the true cost of projects, the cost tied to each service delivery employee, or any other aspect unique to your business—with Intacct Project Accounting software.

  • Keep a pulse on the financial health of your business, as well as the health of individual projects, and accurately budget for the months ahead with role-based dashboards, and rich reporting and analytics.
  • Improve cash flow management and revenue forecasting with real-time visibility into current project inflows, outflows, and revenue streams.
  • Raise profit margins and boost the accuracy of future bids by gaining visibility into the true cost of each project.
  • Centralize all project related financial and operational information for real-time viewing by key stakeholders on their dashboards.
  • Take advantage of more than 40 standard reports and graphs designed specifically for services businesses to analyze key metrics including project and client profitability, project delivery costs against plan, or service employee utilization.
  • Leverage an additional 150 cross-industry best practices reports and dashboards.
  • Enable users to generate custom reports and analytics to meet their specific business needs using robust ad-hoc reporting capabilities.
  • Generate more profitable and compelling bids using current and historical project cost information.
Accelerate project billing and invoicing.

Intacct provides a professional-strength project accounting system that can help your organization condense billing cycles, regulate cash flow, and speed payments by replacing manual billing with flexible, automated rules and schedules.

  • Speed time-to-cash and reduce errors by generating project invoices automatically from time, employee expenses, and any other company charges and purchases related to a project.
  • Create and send consolidated invoices, or multiple invoices per project or customer, using custom templates or pre-configured Intacct templates.
  • Set up multiple, flexible billing rates and price lists by employee, project, or customer, and automatically apply a percentage markup on any billable transaction
  • Maintain a detailed audit trail of any overrides you make to billing rates, quantities, and amounts.
Streamline and automate time and expense capture.

Gain unparalleled visibility into project performance and profitability, and improve forecasting accuracy by using Intacct Project Accounting software to make sure you track 100% of services rendered—from invoicing every billable transaction to proactively managing project costs.

  • Make it easy for employees and subcontractors—wherever they’re located—to enter time and expense information with a simple, intuitive web-based interface.
  • Boost the accuracy of invoices and reduce revenue leakage by automatically capturing client billable and non-billable time, employee expenses and other project related costs.
  • Set up flexible, multiple approval workflows that automatically route timesheets and expense information to designated approvers—inside or outside your organization. 
  • Route billable time and expenses to clients for pre-approval prior to invoicing.
  • Eliminate guesswork and manual journal entries by running financial and managerial reports as soon as timesheets and expenditures are submitted and approved.
  • Take advantage of configurable routing rules and automatically notify managers of pending action by email or add time and expense report approvals to each manager’s dashboard.
  • Automatically get an updated status of project completion when project time is approved, for real-time visibility into project status and revenue forecasting.
Streamline and automate revenue recognition and deferral.

The way you bill customers may vary from the way you recognize revenue. For example, you may bill a customer 50% upfront and 50% upon project completion, but recognize the revenue at regular intervals as you deliver the service. The Intacct Project Accounting system automates the recognition and deferral of project-based revenue—saving your finance team time and improving accuracy.

  • Decouple billing from revenue recognition so you can efficiently and accurately manage complex billing and revenue management schedules.
  • Automate revenue recognition accounting for multi-element arrangements, including support for Vendor Specific Objective Evidence (VSOE), Third Party Evidence (TPE), and Estimated Selling Price (ESP).
  • Easily respond to subsequent modifications with the ability to pause, resume, modify, and cancel revenue recognition schedules that are already in progress.
Maximize resource utilization while meeting project deadlines.

Streamline project delivery by empowering project managers to find, schedule, track, and manage the right resources for their projects from within Intacct.

  • Associate positions, skills and other criteria with your resources or employees to enable project managers to quickly find the best resources based on project need.
  • Search for resources that meet multiple criteria including certifications, location and availability. View the complete schedule of a resource at any time.
  • Assign multiple resources to a task with different start and end dates, estimated duration and planned duration.