Project Accounting

Project Accounting systems allow project managers to optimize best practice project profitability. Project managers can track actual vs. estimated costs through forecast completion, which helps prevent cost overruns and generate bottom-line savings.

As project scope evolves, Project Accounting permits changes to the estimated budget to increase forecast accuracy throughout project lifecycles. Project Accounting also provides remote time and expense entry and project status inquiry from anywhere in the world via the Internet. With this knowledge management capability, project managers and supervisors can obtain timely information about project profitability, while remote workers are assured their time and expenses are accurately tracked and entered.

Helping you Manage Time:
To support your Project Accounting requirements, ITIQ offers the following specific modules.

Web Timesheet:
Web timesheets allows you to collect and track specific project-oriented time and expense data. This solution will allow you to electronically track actual time spent and the expenses incurred on each task of a project. The web timesheet module can be interconnected with your financial system, project management system, and most human resource management/payroll systems.

Microsoft Project Link:
Project management tools like Microsoft Project help deliver projects on time and within budget. This MS Project link module will allow seamless integration between your financial system and Microsoft Project. Managers and finance departments will be able to utilize an end-to-end project management solution for providing a single-entry point for project costs and time - reducing administrative time and costs.