Tackling Project Accounting with NetSuite Project Management

Описание: Learn more about NetSuite’s professional services automation solution, SuiteProjects: https://bit.ly/3o4YRZR

For services-based businesses, the success of a project depends on accurate time and expense inputs, billing rules, workflows and processes. But with multiple deliverables spread over different timelines, knowing the correct amount to bill for a project can be challenging. It requires detailed visibility and project tracking for tasks completed, hours worked, pass-through costs and other details–no matter how the project is being invoiced. Furthermore, if project management is not integrated with financial systems, project billing becomes even more challenging as it often prevents businesses from accurately tracking a project. NetSuite’s professional services automation solution, SuiteProjects, offers project accounting capabilities that connects project activities with financials, enabling the business to monitor and manage revenues, expenses and profitability over the lifetime of a job, ensuring clients are billed accurately and on time, automating complex revenue calculations and allocations, and supporting multiple revenue scenarios on a project-by-project basis. Ultimately, since SuiteProjects is integrated with the rest of the suite, businesses get a clear view of the financial health of their projects and can make more informed decisions around resource management in order to operate more efficiently and profitably.

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