Archive for March, 2011
Intacct Named One of the World’s Top 100 Private Software Companies
Intacct Named One of the World’s Top 100 Private Software Companies
SAN JOSE, CA–(Marketwire – 03/28/11) – The accolades continue to roll in for Intacct, a leader in cloud financial management and accounting software . The company today announced that it has been named by JMP Securities as one of the top 100 hottest private software companies in the world. JMP tapped Intacct in the 2011 edition of its “The Hot 100: The Best Privately Held Software Companies …
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County council will place no geographical limitations on contractors bidding on complex
County council will place no geographical limitations on contractors bidding on complex
By LARRY HILLIARD Ledger Staff Writer larry@gaffneyledger.com In a sudden reversal, Cherokee County Council agreed Monday to place no geographical limitations on potential general contractors for its new $14 million administration building. The motion to place restrictions was tabled after council was deadlocked 3-3 on the issue at its most recent meeting. read more
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Project Accounting Software: Buy it or Not?
Project Accounting Software: Buy it or Not?
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Home Page > Business > Project Management > Project Accounting Software: Buy it or Not?
Project Accounting Software: Buy it or Not?
Posted: Dec 28, 2009 |Comments: 0
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Should you purchase project accounting software for your business?
Project accounting software helps companies track and manage customer-focused or internal projects, providing information about project profitability, revenue and expenses by project, and project-related tasks, resources, timelines, and much more.
Project-centered companies frequently use project accounting software as their primary or only accounting software, so that one system handles all aspects of their accounting needs. This type of specialized project accounting software can be used by project-centric businesses such as job shop or professional service firms.
Even if you want to manage expenses or profits by job or task, that does not necessarily mean you need project accounting software. Conversely, even if you are not a project oriented business, project accounting software may be beneficial for you.
Here are some key factors to determine if project accounting software is right for you:
Do you need WIP or revenue recognition information more frequently than once a year? If so, software that automates the calculation of WIP and revenue/cost recognition based on milestones and/or activities may save you a very significant amount of time and effort. Do you need to track costs and/or revenues by activity? Many organizations don’t think of themselves as “project” based, but still need to track costs and/or revenues by something — perhaps you need to track costs by grant code, or by marketing campaign, or by job. Project accounting can be just as useful for internal projects as for customer based projects, especially the project accounting modules that are part of larger ERP or MRP systems.
There are many other features and functions of project accounting software, but these issues are frequently deciding factors in one direction or the other.
If you are thinking about buying project accounting software for your project centric company, there are literally thousands of good software programs to choose from. This is a big decision that can seriously impact your business for better or worse, so make sure you do your homework before you finalize your choice.
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Ann Rand -
About the Author:
Ann Rand is a CPA and expert on accounting software. More information about project accounting software and a project accounting software guide is available from Accounting Software Sherpa. You can get also get free, unbiased information and recommendations as to the best accounting software for your organization.
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Ann Rand is a CPA and expert on accounting software. More information about project accounting software and a project accounting software guide is available from Accounting Software Sherpa. You can get also get free, unbiased information and recommendations as to the best accounting software for your organization.
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