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Project Accounting Software


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Intacct logo
 
CPA Technology Advisor rated the Intacct accounting solution 5 out of 5 stars. The software can compare project progress to project plans; monitor project costs and margins, and; automate billing based on user-generated schedules.
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CPA Technology Advisor rated the Intacct accounting solution 5 out of 5 stars. The software can compare project progress to project plans; monitor project costs and margins, and; automate billing based on user-generated schedules.
 
Multiview Enterprise .NET n10 logo
 
Multiview Enterprise offers job costing and project accounting to small and mid-size organizations looking for an affordable, yet robust, accounting system. Suitable for engineering, development, and other project-intensive firms.
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43
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Multiview Enterprise offers job costing and project accounting to small and mid-size organizations looking for an affordable, yet robust, accounting system. Suitable for engineering, development, and other project-intensive firms.
 
Cougar Mountain DENALI logo
 
Best suited for small businesses, Cougar Mountain DENALI software features general ledger, AP/AR and inventory management. Additional modules, such as the ability to export documents as .CSV files, can be added as needed.
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40
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Best suited for small businesses, Cougar Mountain DENALI software features general ledger, AP/AR and inventory management. Additional modules, such as the ability to export documents as .CSV files, can be added as needed.
 
NetSuite logo
 
NetSuite's project management system can handle the needs of multiple offices and can support multiple currencies and tax structures. The system has reporting features to help track the profitability of each project in real-time.
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38
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NetSuite's project management system can handle the needs of multiple offices and can support multiple currencies and tax structures. The system has reporting features to help track the profitability of each project in real-time.
 
Sage Live logo
 
Sage Live is a web-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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29
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Sage Live is a web-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 100 Standard and Advanced ERP (formerly Sage ERP MAS 90 and 200) logo
 
Sage 100 Standard and Advanced ERP is a perfect option for small to mid-sized businesses in variety of industries. Deliver comprehensive accounting functionality, business intelligence, CRM, and project management capabilities.
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24
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Sage 100 Standard and Advanced ERP is a perfect option for small to mid-sized businesses in variety of industries. Deliver comprehensive accounting functionality, business intelligence, CRM, and project management capabilities.
 
Aplos Accounting logo
 
Aplos fund accounting is a web-based system designed specifically to serve the needs of churches and nonprofit organizations. Aplos fund accounting is available on a standalone basis or within an integrated suite with online donation... Read More
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21
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Aplos fund accounting is a web-based system designed specifically to serve the needs of churches and nonprofit organizations. Aplos fund accounting is available on a standalone basis or within an integrated suite with online donation... 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
 
Financial Edge by Blackbaud logo
 
Financial Edge NXT is a project accounting application for nonprofit and government organizations. In addition to the usual accounting features (e.g. general ledger, AR/AP, payroll), it offers capabilities like grant management.
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Financial Edge NXT is a project accounting application for nonprofit and government organizations. In addition to the usual accounting features (e.g. general ledger, AR/AP, payroll), it offers capabilities like grant management.
 
Abila MIP Fund Accounting logo
 
Abila Fund Accounting 100 (formerly Sage MIP) award winning financial management system allows users to track multiple different grants and projects at any given time. Offers multiple modules.
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14
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Abila Fund Accounting 100 (formerly Sage MIP) award winning financial management system allows users to track multiple different grants and projects at any given time. Offers multiple modules.

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AccuFund Accounting Suite logo
 
Available as both a traditional on-site or web-based solution, AccuFund offers core functionality for project accounting needs. Because it's created with the Windows interface, making it easy to learn. Great for nonprofits.
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Available as both a traditional on-site or web-based solution, AccuFund offers core functionality for project accounting needs. Because it's created with the Windows interface, making it easy to learn. Great for nonprofits.
 
Series4000 logo
 
Real Asset Management (RAM) has been an industry-leading provider of fixed asset management and asset tracking solutions for more than thirty years, providing software that is currently in use by thousands of companies worldwide. Their... Read More
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Real Asset Management (RAM) has been an industry-leading provider of fixed asset management and asset tracking solutions for more than thirty years, providing software that is currently in use by thousands of companies worldwide. Their... Read More
 
Exact Macola logo
 
Exact Macola includes over 20 modules to assist with manufacturing, distribution and accounting, including PLM, AP/AR, MRP, MES and more. Additional EDI and e-commerce functionality is available from Exact.
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Exact Macola includes over 20 modules to assist with manufacturing, distribution and accounting, including PLM, AP/AR, MRP, MES and more. Additional EDI and e-commerce functionality is available from Exact.
 
Acumatica ERP logo
 
Acumatica ERP delivers adaptable cloud and mobile technology with a comprehensive user licensing model, enabling a complete, real time view of a business anytime and from any location. Through a worldwide network of partners, Acumatica... Read More
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Acumatica ERP delivers adaptable cloud and mobile technology with a comprehensive user licensing model, enabling a complete, real time view of a business anytime and from any location. Through a worldwide network of partners, Acumatica... Read More
 
Microsoft Dynamics AX logo
 
Ideal for mid-size to large enterprises, Microsoft Dynamics AX is a functionally broad enterprise resource system, capable of serving buyers in most industries. Multi-language, multi-currency features, often installed on-premise.
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Ideal for mid-size to large enterprises, Microsoft Dynamics AX is a functionally broad enterprise resource system, capable of serving buyers in most industries. Multi-language, multi-currency features, often installed on-premise.

Call us for a free FastStart Consultation: +1 844 746 1795


 
SAP Business One logo
 
SAP Business One, a fully integrated business management solution, features a job costing application for businesses that need specific time and budget management as well as time-sensitive project reporting.
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SAP Business One, a fully integrated business management solution, features a job costing application for businesses that need specific time and budget management as well as time-sensitive project reporting.
 
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
 
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
 
Oracle JD Edwards logo
 
JD Edwards came under Oracle ownership in 2005 when it was integrated into the Enterprise One solution. The system has several project accounting features such as project scheduling, time tracking and budget management.
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JD Edwards came under Oracle ownership in 2005 when it was integrated into the Enterprise One solution. The system has several project accounting features such as project scheduling, time tracking and budget management.
 
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
 

Buyer's Guide

by Eileen O'Loughlin,
Market Research Associate
Last Updated: April 27, 2017


The project accounting software market is extremely complex. With such a large number of vendors, products and vertical industries in the space, it can be overwhelming to look for the right solution without some guidance. Specific reporting capabilities, simultaneous project support and other optional functions also need to be considered. As the list of variables go on, the selection process only gets more difficult. We wrote this guide to help buyers with these questions.

Here’s what we’ll cover:

What Is Project Accounting Software?
What Type of Buyer Are You?
Benefits and Potential Issues
Market Trends to Understand
The Vendor Landscape

What Is Project Accounting Software?

Project accounting software helps track relevant data for projects carried out by an organization. The systems can help pinpoint what makes a project profitable, how workflow can be improved and how costs can be minimized. Several different industries have project-based work schedules. These include:

  • Law
  • Engineering
  • Software development
  • Advertising
  • Construction

Project accounting software ensures financial responsibility by comparing expenses to project budgets. If costs begin to exceed expectations, automatic alerts can help team members correct the error as soon as possible. Project accounting software can often be combined with other applications such as project billing software and project management software. The ideal project solution varies by industry or project size.

What Type of Buyer Are You?

Different organizations have different priorities and requirements in finding the right system. Here are the main categories of software buyers:

Enterprise buyer. These buyers work for organizations that have invested in or are considering an enterprise resource planning (ERP) suite. They value complete integration across all departments and units. They typically purchase projects from ERP software companies.

Industry-focused buyer. These buyers usually have specific billing methods in mind when they are considering software. For example, construction companies and consulting firms likely need to evaluate systems with different billing methods.

Small business buyer. Buyers from smaller organizations should make sure to limit their consideration to systems aimed at their size and workflow requirements.

Benefits and Potential Issues

A well-implemented system allows for better record keeping and insight. When users leverage these benefits effectively, organizations can realize increased profitability, lower costs and other advantages. Project accounting systems should yield:

Increased visibility. With the right system, the costs and budget of each project should be readily available. The system should provide information that makes it much easier to ensure that each project’s budget has not been exceeded.

Solid reporting capabilities. Clients want to know that projects have gone well, and have not been conducted wastefully. With a good reporting function, software can make client reporting far easier and effective.

Time tracking. To support billing processes, project-focused organizations need to track the amount of time they spend carrying out projects, so the right amount of billing can take place. Project accounting software can track hours to ensure that no time has been wasted, and that all due payment is tracked.

Scheduling. Projects cannot be successful if they are not correctly scheduled. With scheduling taking place in conjunction with billing and accounting, project accounting software eliminates scheduling mistakes and links expenses to particular moments in time.

Market Trends to Understand

Increased vertical specialization. Over time, project accounting software has become increasingly specialized on vertical industries, adding value according to unique workflow types. Systems are catering to the specific needs of engineering firms, law firms, nonprofits, construction companies and others. Make sure to keep this in mind when evaluating systems.

Globalization. As with many different enterprise resource planning (ERP) systems, it is often critical to support the demands of international business. This includes the ability to store information on multiple currency types and multiple different business entities.

Software as a Service (SaaS). SaaS is lowering costs and speeding up implementation for buyers by offering Web-based software hosted by the software company. Billing is structured as a monthly fee, rather than a large up-front investment; as a result, many more companies are able to afford system earlier.

Business intelligence. As business intelligence becomes a bigger part of business solutions across the board, it also affects project accounting software. With business intelligence programs, relevant data can be organized and analyzed more efficiently, helping users prioritize projects and structure their strategies accordingly. Keep an eye open for systems with cutting-edge BI tools.

The Vendor Landscape

The software vendor landscape is always changing. Different buyer types should examine groups of systems specific to their preferences and needs.

This type of buyer... Should evaluate these systems
Enterprise buyer Microsoft Dynamics AX, Epicor Financial Management, SAP
Industry-focused buyer Microsoft Dynamics NAV, Microsoft Dynamics SL, Sage Accpac, Sage MIP Fund Accounting, FastFund Nonprofit, Vertex Financial Manager, Deltek Vision, Lawson S3 Financial Management
Small business buyer Microsoft Dynamics SL, SAP Business One, Intacct Financials, Sage MAS 500, Sage Pro ERP, Sage MAS 90/200

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