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Project
With its
key function of providing tight control over project costs with exceptional
flexibility, Project Accounting enables project managers to track time, expense,
and revenue for any project with real time information. Its major value
proposition to project managers is its contribution to profit optimization.
With Project Accounting, project managers can now achieve the following:
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Track actual versus
estimated costs from start to finish
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Make ongoing alterations to
estimates to increase forecast accuracy
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Control profit recognition
on every project
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Assign multiple profit
recognition methods within projects
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Report and analyse project
data on multiple levels
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Control project and
resource specific rates that impact profitability
Project
Accounting is suitable for a wide-range of industries, such as, IT Consulting,
Business Consulting, P/R Advertising, Studio Production, Software Development,
and Engineering Services.
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