Advanced Billing Software
Manage all project billing scenarios including cost plus, fixed price, time and materials, milestone billing, and contract specific pricing.
A key application in Acumatica Project Accounting, advanced billing allows you to modify resource billing rates by project, project tasks, inventory item, employee, and account group. Calculate time and materials billing according to the customer, the type of work being performed, or the specific project requirements.
As a leading provider of this solution and a company with vast experience in the project accounting space, The Donas Group has the skills to customize, integrate, and deliver this solution for companies like you.
What Makes Acumatica Advanced Billing Better?
Digitally resilient companies turn to Acumatica for an adaptable and future-proof project accounting solution that gives them:
Flexible billing: Handle the most complex project billing rules and easily calculate project revenue in multiple currencies based on key project-specific attributes.
Fixed-Price and Cost-Plus Projects: Invoice according to project and contract requirements – fixed price set in advance or cost-plus projects in which the invoice amount is not known until costs and fees are incurred. Billing on cost-based projects can be capped.
Revenue recognition: Optionally recognize revenue based on percentage of project completed or based on tasks completed. All project revenue recognition rules are automatically reflected in GL journal entries.
Key Features of Advanced Billing
Get total control of your billing with:
Define project billing parameters to automatically generate invoices at the right time. Save time, reduce errors, and improve cash flow.
Configure multiple rate tables for specific projects or project tasks for additional billing flexibility.
Billing Mark Up
Reverse Un-Billed Transactions
“Acumatica works perfectly. It handles project accounting, cash flow, project monitoring; but Acumatica is not just confined to project-based operations. Other departments like sales and marketing love it as well.“
– Elizabeth Barratt, Manager: Project Excellence, Ask Afrika
Get to Know Acumatica Project Accounting and The Donas Group
Built to integrate with a variety of applications—whether they are made by Acumatica or a third-party vendor—Acumatica’s project accounting functionality delivers a strong backbone for your business. From the above-mentioned advanced billing to additional features including project cost tracking and time management, Acumatica’s Project Accounting product ensures total visibilty and control for project-based businesses.
As a leading provider of this usable and functional application, The Donas Group can help you make the most of your journey to the cloud. Get to know more about our work and contact us for a free consultation.