Maintaining tight control over the strategic direction of your projects, supporting resources effectively and ensuring that projects are completed on time and within budget are critical components to maximise service delivery performance and profitability.
NetSuite Project Accounting connects project activities with company financials, helps ensure accurate accounting and billing throughout project lifecycles, and streamlines time and expense management and provides extensive reporting capabilities.
NetSuite Project Accounting is integrated with the general ledger, accounts payable, accounts receivable, sales orders, purchase orders, inventory management and the employee portal.
Monitor project profitability and get real-time visibility into project finances against budget.
Improve your cash flow by invoicing customers quickly and more accurately.
Automatically invoice customers for billable work and expenses and reduce manual effort and errors.
Align invoicing to changing project, regional, customer and business needs.
Gain Flexible and Automated Invoicing
Automate project invoices, manage approvals based on customer or project with an end-to-end invoicing engine, view outstanding balance on an invoice in real time and integrate project accounting with general ledger.
Automate Project-Level Revenue Recognition Processes
Recognise revenue according to its unique schedule and guidelines, leverage revenue recognition that’s separate from project billing to support how your organisation measures profitability.
Monitor Project Profitability
Monitor and report on summary and detail project-level accounts including project profitability metrics and project budget versus actual in real time using easy-to-read graphs and reports.
Hear how NetSuite SRP enabled Cardinal Path to grow their services business.
Benchmarks and Best Practices for Professional Services Success SPI Research