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NetSuite logo
 
NetSuite is a business management software suite offered as a service that performs enterprise resource planning (ERP) and customer relationship management (CRM) functions. It is a horizontal package designed for an extensive range... Read More
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NetSuite is a business management software suite offered as a service that performs enterprise resource planning (ERP) and customer relationship management (CRM) functions. It is a horizontal package designed for an extensive range... Read More
 
Sage Live logo
 
Sage Live is a cloud-based and mobile ready accounting platform for small and mid-sized businesses. Key features include multi-company, multi-currency, and multi-legislation support, personalization based on user role, bank integration,... Read More
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Sage Live is a cloud-based and mobile ready accounting platform for small and mid-sized businesses. Key features include multi-company, multi-currency, and multi-legislation support, personalization based on user role, bank integration,... Read More
 
Deskera logo
 
Deskera is an enterprise resource planning software formulated to run manufacturing operations. The system is suitable for companies manufacturing for a variety of industries. Textiles, automotive, distribution, metal processing, pharmaceuticals,... Read More
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Deskera is an enterprise resource planning software formulated to run manufacturing operations. The system is suitable for companies manufacturing for a variety of industries. Textiles, automotive, distribution, metal processing, pharmaceuticals,... Read More
 
SAP ERP Core Finance logo
 
Over 30,000 companies, spanning 120 different countries, are using SAP ERP Financials to conduct their financial management.  Noteworthy names include General Mills and Office Max. SAP ERP Financials is a part of SAP’s Business... Read More
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Over 30,000 companies, spanning 120 different countries, are using SAP ERP Financials to conduct their financial management.  Noteworthy names include General Mills and Office Max. SAP ERP Financials is a part of SAP’s Business... Read More
 
SAP Anywhere logo
 
SAP Anywhere integrates sales, marketing, e-commerce, and inventory activities into one complete front-office system. With SAP Anywhere users can manage and track inventory, manage orders, manage the procurement process, and more.... Read More
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SAP Anywhere integrates sales, marketing, e-commerce, and inventory activities into one complete front-office system. With SAP Anywhere users can manage and track inventory, manage orders, manage the procurement process, and more.... Read More

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Acumatica ERP logo
 
Acumatica ERP delivers an adaptable cloud and mobile-based enterprise resource planning solution with a user licensing model which enables a real-time view of business operations at any time from anywhere. Through a worldwide network... Read More
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Acumatica ERP delivers an adaptable cloud and mobile-based enterprise resource planning solution with a user licensing model which enables a real-time view of business operations at any time from anywhere. Through a worldwide network... Read More
 
Sage 100 Standard and Advanced ERP (formerly Sage ERP MAS 90 and 200) logo
 
Sage 100 ERP (formerly branded as Sage ERP MAS 90 and 200) is an enterprise resource planning (ERP) software system for small and midsize businesses. The solution is typically recommended to companies with annual revenue between one... Read More
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Sage 100 ERP (formerly branded as Sage ERP MAS 90 and 200) is an enterprise resource planning (ERP) software system for small and midsize businesses. The solution is typically recommended to companies with annual revenue between one... Read More
 
SAP Business One logo
 
SAP Business One is an integrated enterprise resource planning (ERP) software suite designed primarily to serve small to midsize businesses. SAP Business One is used to address the needs of many industry verticals including manufacturing,... Read More
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SAP Business One is an integrated enterprise resource planning (ERP) software suite designed primarily to serve small to midsize businesses. SAP Business One is used to address the needs of many industry verticals including manufacturing,... Read More
 
FinancialForce Financial Management logo
 
FinancialForce Financial Management (FM) is a cloud-based system built to provide a complete financial management solution for sales and services-orientated companies of all sizes. FinancialForce FM has several inherent applications,... Read More
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FinancialForce Financial Management (FM) is a cloud-based system built to provide a complete financial management solution for sales and services-orientated companies of all sizes. FinancialForce FM has several inherent applications,... Read More
 
Microsoft Dynamics GP logo
 
Microsoft Dynamics GP is a financial accounting system designed to meet the requirements of small to midsize businesses. Microsoft Dynamics GP was originally developed by North Dakota-based Great Plains Software and was acquired by... Read More
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Microsoft Dynamics GP is a financial accounting system designed to meet the requirements of small to midsize businesses. Microsoft Dynamics GP was originally developed by North Dakota-based Great Plains Software and was acquired by... Read More

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Microsoft Dynamics AX logo
 
Microsoft Dynamics AX 2012 is an ERP system suitable for midsize to large enterprises. The solution has particular strengths in manufacturing and distribution but is also capable of serving buyers across multiple industry verticals.... Read More
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Microsoft Dynamics AX 2012 is an ERP system suitable for midsize to large enterprises. The solution has particular strengths in manufacturing and distribution but is also capable of serving buyers across multiple industry verticals.... Read More
 
UNIT4 Financials logo
 
Unit4 Financials (formerly Coda Financials) is a suite of global accounting and broader financial management applications. These include general ledger, accounts payable and receivable, fixed assets, budgeting, project accounting and... Read More
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Unit4 Financials (formerly Coda Financials) is a suite of global accounting and broader financial management applications. These include general ledger, accounts payable and receivable, fixed assets, budgeting, project accounting and... Read More
 
Sage 300 ERP (formerly Sage ERP Accpac) logo
 
Sage 300 ERP (formerly Sage ERP Accpac) is an enterprise resource planning (ERP) software system that serves small and medium-size businesses in professional services, financial services, public sector, and other markets such as distribution... Read More
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Sage 300 ERP (formerly Sage ERP Accpac) is an enterprise resource planning (ERP) software system that serves small and medium-size businesses in professional services, financial services, public sector, and other markets such as distribution... Read More
 
Infor CloudSuite™ Financials & Supply Management logo
 
Infor CloudSuite Financials & Supply Management is a solution suite that provides financial functionality coupled with a source-to-settle supply management offering. The solution is role-based, mobile responsive and delivered in the... Read More
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Infor CloudSuite Financials & Supply Management is a solution suite that provides financial functionality coupled with a source-to-settle supply management offering. The solution is role-based, mobile responsive and delivered in the... Read More
 
Unanet Project Portfolio Financials logo
 
Unanet Project Portfolio Financials consists of one software application with integrated capabilities to manage, plan and track projects, people and financials in real time. Available as a Software-as-a-Service (SaaS) offering or an... Read More
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Unanet Project Portfolio Financials consists of one software application with integrated capabilities to manage, plan and track projects, people and financials in real time. Available as a Software-as-a-Service (SaaS) offering or an... Read More

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Microsoft Dynamics SL logo
 
Microsoft Dynamics SL is an enterprise resource planning (ERP) system designed for project-based small and medium-sized businesses. The solution offers industry-specific capabilities for professional services, government contractors,... Read More
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Microsoft Dynamics SL is an enterprise resource planning (ERP) system designed for project-based small and medium-sized businesses. The solution offers industry-specific capabilities for professional services, government contractors,... Read More
 
Unit4 Business World logo
 
Unit4 Business World is a scalable ERP solution designed to address the unique demands service organizations face. It offers multi-lingual and multi-currency capabilities, and is a fit for higher education, nonprofits and NGOs, professional... Read More
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Unit4 Business World is a scalable ERP solution designed to address the unique demands service organizations face. It offers multi-lingual and multi-currency capabilities, and is a fit for higher education, nonprofits and NGOs, professional... Read More
 
Xledger logo
 
Xledger is an automated and scalable cloud-based accounting/ERP solution for medium- to large sized companies and is designed to provide insight and analytics for decision-makers. The system is an out-of-box solution that is configurable... Read More
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Xledger is an automated and scalable cloud-based accounting/ERP solution for medium- to large sized companies and is designed to provide insight and analytics for decision-makers. The system is an out-of-box solution that is configurable... Read More
 
Deltek Ajera logo
 
Deltek Ajera is an integrated accounting and project management solution built for architecture and engineering (A/E) firms. It is suitable for small to mid-size firms seeking an industry-tailored solution to improve project level... Read More
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Deltek Ajera is an integrated accounting and project management solution built for architecture and engineering (A/E) firms. It is suitable for small to mid-size firms seeking an industry-tailored solution to improve project level... Read More
 
EBizCharge logo
 
EBizCharge offers a full suite of payment processing, billing, and invoicing solutions including payment integrations to accounting/ERP/CRM/ and eCommerce platforms, mobile solutions, virtual terminal, POS solutions, and an online... Read More
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EBizCharge offers a full suite of payment processing, billing, and invoicing solutions including payment integrations to accounting/ERP/CRM/ and eCommerce platforms, mobile solutions, virtual terminal, POS solutions, and an online... Read More
 

Buyer's Guide

by Lisa Hedges,
Content Analyst
Last Updated: September 8, 2017


Architects aren’t accounting specialists, nor should they be.

But when every cent and second matters to complete projects under budget and on schedule, and get paid by clients for the work, architecture firms need a system in place that can easily and accurately track time, expenses and more. Often times, manual methods like pen and paper or Excel spreadsheets fail to get the job done.

Which is why you should consider investing in architecture accounting software—accounting platforms with additional functionality for things like project management, time tracking, billing and more, designed with the specific needs of architects in mind. These products can help eliminate errors and automate tedious bookkeeping processes so you can focus more on the revenue-generating activities.

If you’ve never researched architecture accounting software before, this Buyer’s Guide can help. We’ll explain everything you need to know so you can feel confident in making a more informed purchase decision.

Here’s what we’ll cover:

What Is Architecture Accounting Software?
Common Features of Architecture Accounting Software
Benefits of Architecture Accounting Software
How Much Does Architecture Accounting Software Cost?
Evaluating Architectural Accounting Software

What Is Architecture Accounting Software?

Architecture accounting software is accounting software that allows firms to track time spent working on multiple projects, manage expenses and budgets and accurately bill customers for their work.

Architectural accounting software tracks costs by individual job and records client information. Since billing for services is usually measured in units of time, the software is usually equipped with time-logging abilities and the ability to allocate time to different projects and clients. In-depth analysis should also be available from breaking down each project into organized steps within a set schedule. Time can be designated as either billable or non-billable.

Common Features of Architecture Accounting Software

In addition to core modules such as the general ledger, accounts receivable and accounts payable, these systems typically includes the following features:

Project & department management Architecture firms need to manage lengthy design projects. By automating scheduling, allocating resources and budgeting and forecasting, firms can better ensure accurate proposals and effective use of employees.
Time billing Time and billing modules use timesheets and expense reports to funnel back into the project plan the actual costs, billable time and non-billable time spent. This ensures accuracy in billing and in estimating for future projects and helps maximize cost recovery.
Customer relationship management (CRM) CRM systems supports lead development, marketing campaigns and customer service by using a comprehensive database to track prospects and current/past clients. Architecture firms get most of their business from the referrals and developed relationships, CRM is critical for long-term success.
Document sharing & development Secure document collaboration allows sharing information of projects, clients and other records between the relevant employees. Document management could also include proposal automation, which will help the user develop high-quality proposals and increase closing rates.
Audit trail Architecture accounting software should track and organize expenses and individual project steps in case of a mistake in billing or an expense that qualifies for client reimbursement.

Benefits of Architecture Accounting Software

First and foremost, dedicated accounting software provides clarity, accuracy and efficiency to a vital process for every business: tracking the money coming in and out of the firm. With the better insight provided by these systems, organizations can make better financial decisions now and in the future. Customized reports available in a variety of formats also ensure that stakeholders have ongoing visibility into the time and cost figures that matter to them.

Outside of the benefits you’d expect from an accounting system, project management and process tracking features can also help internal teams better communicate and establish standardized processes to tackle projects in a more optimized manner.

How Much Does Architecture Accounting Software Cost?

Cost is obviously a huge factor in your purchase decision, and depending on what architecture accounting software platform you go with and what functionality you choose to include, that cost can vary drastically. Ironically, architecture firms sometime need to budget for the software that helps them budget.

As you research options, keep these popular pricing structures in mind:

  • Pay entirely upfront. These accounting platforms require just one payment upfront and then you own the system to use in perpetuity (hence the term “perpetual license” often associated with this model). This structure is most common with on-premise systems that you download straight onto a computer or server.
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  • Flat monthly or annual fee. Increasingly more common than a perpetual license, these accounting systems require buyers to pay a flat monthly or annual subscription fee to use them. Often times, vendors have different subscription tiers depending on how much functionality you want to purchase.
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  • Per-user or per-employee pricing. These systems are also paid for an a subscription basis, but instead of a flat fee, your cost depends on either how many people will be using the system or how many employees you have in your organization. The latter is especially common if your system has additional functionality for payroll.

Other fees to look out for include those for training, implementation, support and data migration.

Evaluating Architectural Accounting Software

Like some other industry packages, architectural accounting software benefits from specific report-writing mechanisms which can deliver descriptive progress and billing documents to a client. The size of the firm will have a big impact on the system needs. For example, a larger firm, dealing with multiple projects and employees, will need more robust project and time tracking capabilities than an individual freelancer.

When evaluating these systems, buyers should consider the following:

  • Can the system log hours and mark as billable or non-billable?
  • How deep are the project scheduling/progress tracking capabilities?
  • Can the system effectively manage costs and progress for multiple projects at once?
  • Does it come with solid report-writing mechanisms?

Free Download:
Accounting Software Pricing Guide

Free Download:
Ten Steps Guide to Selecting the Right Accounting Software

 

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