Project Accounting

Technology to Support Project Accounting

Project Accounting Should Not Only Look Back, but Use Data to Plan for the Future Project-based businesses have unique challenges that make running the company more complicated than a simple service- or product-based business. You’ve got a lot of variables to juggle, including timelines, collaborators, labor costs and inventory for each project. If you’re a [...]

December 6th, 2016|Blog, Project Accounting|

Simplified Project Accounting

Project Accounting Software Adds Visibility With Bird’s-Eye View Project accounting is complicated. You may be using multiple systems to track projects, and depending on how many projects you run at one time, you may be on a constant number-checking task to be sure that everything is running according to budget and that your inventory is [...]

June 7th, 2016|Blog, Project Accounting|

QuickBooks for Small Businesses: When it’s Time to Move on

When Using QuickBooks for Small Businesses Doesn’t Make Sense Anymore When you’re just starting out, there’s no better accounting solution than QuickBooks for small businesses. It creates great financial reports, handles invoicing and bookkeeping. It’s easy to learn and, if you need training, it’s easy to find. However, as you grow, you will find that [...]

December 22nd, 2015|Blog, Project Accounting|

Project Accounting: Using the Right Tools for the Job

Advancing Technology for Project Accounting Given today’s economy and lessons learned from the recession, budgets are as tight as ever and keeping your projects under budget is vital. In fact, most companies are looking for areas where they can find discount alternatives as they examine project accounting reports. However, value continues to be a priority. [...]

September 7th, 2015|Accounting Application, Project Accounting|

Three Keys to Effectively Manage a Professional Services Practice

Key Three for Professional Services Management: Collect It As a follow-up to the “Three Keys to Effectively Managing a Professional Services Practice,” we are following up the “Bill It” key and moving into “Collect It”. This key is managed differently by professional services firms, and they tend to fall into one of three categories. There [...]

September 2nd, 2015|Kreg's Vision, Leadership, Project Accounting, Project Management|

Common Accounting Mistakes for Government Contractor Companies

Being a Government Contractor Means Complexity in the Books As a government contractor that runs a small- to medium-size company, you deal with all of the same stressors and difficulties that are present in any business. However, a government contractor incurs added levels of complexity related to government regulations that companies dealing only with consumers [...]

August 21st, 2015|Accounting Application, Dynamics, Project Accounting|

Project Accounting Tools Keep Projects on Track

Using Project Accounting Solutions Provides Better Insights Into Projects Professional services firms rely on project accounting to keep better tabs on what’s going on with projects, processes that might otherwise be difficult to see. But should you expect more out of your project accounting solution? In its simplest form, project accounting, or job cost accounting, [...]

Choosing the Right Project Management Tools

Why Excel Can’t Replace Project Management Tools It happens all the time when businesses start out. Excel is already loaded on the computer, it’s paid-for and you know how to use it. So you start keeping track of everything via Excel spreadsheets: customer lists, pricing info, inventory and accounts receivable and payable. You may even [...]

July 3rd, 2015|Project Accounting, Project Management|
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