Financial Accounting Software

Project Accounting

The Enterprise Project Accounting module within OpenAccounts Financials accounting software is an integrated set of business software modules and associated services designed to help services-oriented businesses operate more effectively; help streamline business processes from bid to billing stage and improve knowledge, communication and collaboration among internal teams, as well as with customers and business partners.

The project accounting solution is designed for professional service organisations, including IT and management consulting firms, media firms and professional services groups within large enterprises.

Designed to reduce the administrative burden and provide a clear and comprehensive view of business management information, OpenAccounts Project Accounting focuses on project workflow, financial processing and automating information delivery to managers by client, project, department and budget centre.

Project Administration

OpenAccounts Project Accounting modules provide the tools for more effective deliver, management and evaluation of customer projects and services.

• Capturing and processing of timesheet information
• Resource management and reporting – links to activities for costs and billing rates
• Workflow tracking and approval by stages and milestones
• Creation and maintenance of billing proposals with user-defined billing rules
• Analysis by clients, projects, work stage and activity level
• Unlimited budget models in both values and quantities
• Fully integrated Project Ledger, General Ledger, Accounts Payable and Accounts Receivable modules

Financial Management

OpenAccounts Financials accounting software modules are an integrated core of the Project Accounting solution designed for high transaction volumes and focusing on automating back office processes and management information delivery.

• Flexible, user defined analysis codes
• Automated billing
• Management reporting using balances, live and forecast budgets
• Comprehensive consolidation
• Electronic report dissemination using chart of accounts hierarchies
• Seamless drill-back to source documents and transactions
• Project expenditure – actual and committed
• Fixed assets module
  

For Further Detailed Information follow the links below:

The Modules
System Functionality
Flexibility
Environment
Multi-Tier Architecture