Project Accounting

Dataflow Project Accounting Software (PAS) is a comprehensive project and financial management solution. Ideal for project managers who plan and execute multi-phase projects, it also provides discipline around project costing and billing.

When the financial health of your company depends on project profitability, keeping a close eye on your margins is essential. Unfortunately, many businesses struggle with projects that run behind schedule or over budget. The discipline and insights provided by Dataflow allow project managers to identify negative trends and address them before they impact on project delivery.

By maintaining control over your project workflows, resources and budgets you can generate increased margins by maximising revenues and minimising costs. At the same time, greater control and management information helps to improve productivity, prevent project stall and deliver complex projects on time and on budget.

Key Benefits

• Anywhere anytime access to project financial data
• Integrated project financial visibility and improved project performance management
• Embraces all the business processes associated with the capture and management of project cost at source
• Monitor cost in real-time against estimates identifying possible overspend before it happens
• Automatic valuation of Work-In-Progress (WIP) on the balance sheet for the accurate bottom line
• User definable method of revenue recognition providing periodic management information that ensures compliance at year-end
• Highlighting additional late costs on jobs completed and automatically accrued for leaves nothing under the stone
• Automatic accruals of possible expense as per your warranty policy for potential claims
• Alerts and reminders to help you stay on top
• Budgets and Project Milestones helping to track the health of the project at strategic points during the life of the project
• Powerful enquires and reports for both the accounts and project managers
• Increase productivity of  your Staff
• Empower the company to gain competitive advantage

Modules

• Project Costing
• Timesheet

Project Accounting

Monitor cost in real-time against estimates identifying possible overspend before it happens

“In our business, the key issue is to achieve or exceed the estimated Gross Margin on our projects. We need to focus on expected final cost of the project and spot any possible cost over-run as early as possible when we still have time to do something about it. It is disastrous to take too much profit too soon on a project and then be hit by a cost overrun at the end. You lose the profit you were expecting to make, and you have to write back some of the profit you have already taken. dataflow Project Accounting helps you avoid this”. Sir John Aird, Chairman of Matcon Group – Evesham