Financial management software
Project accounting software
Access project accounting software brings together your financial, project and resource management, for a full 360 view of your projects and business.
Get clear, accurate data to drive better management decision-making with project based accounting.
Integrated project accounting software for improved accuracy and efficiency
Our project accounting software for project-based businesses gives your team the tools to plan and manage projects easily and profitably. At the same time, giving finance functions improved control of costs and revenue management. Plus, transactions feed straight into your project accounting system for improved accuracy and efficiency.
Our project-based accounting business packages are tailored to your needs. Contact us to discuss your requirements.
Benefits of project accounting software
Project-based businesses can use project accounting software to get real-time project costings, resource scheduling, expense tracking, accounting, and so much more to improve their end-to-end project and financial management.
Access Financials is helping you become technically agile and ready to deliver future projects confidently, even as your business grows.
End-to-end project and financial management
- Project costings: keep projects within budget through automated checks, alerts and notifications, create estimates using flexible project costing: value, rate or cost-plus and discounts.
- Resource scheduling: use the interactive scheduling calendar to book resources against the statement of work to stay within budget.
- Task management: assign tasks, capture key project information using templated forms, share documents and communicate with your team and clients.
- Approval workflows: automate workflows and approval processes to keep your operations running smoothly. View, update and approve directly in Microsoft Outlook.
- Time and expense tracking: use online or mobile apps to quickly record time and expenses against a project. When linked with Access Absence software, holiday and absence is automatically fed into employees' schedule and timesheets.
- Purchasing: stay in control of costs and payments, share and store records electronically and automate invoice matching to help streamline purchasing.
- Invoicing: bill chargeable work promptly and accurately. Choose from multiple billing types – project milestone, % fee, work-in-progress billing — within a single project.
- Accounting: transactions feed straight into Access Accounting, keeping your accounts accurate and up to date.
Real-time project visibility and business intelligence
- 360-view of projects: keep track of project time and costs vs budget, track progress and profitability, work in progress, accrued income, cost-to-complete, and utilisation – all in real time.
- Live dashboards: get an instant view of performance with interactive, configurable dashboards. Drill down with smart search and filters to see the underlying data and detail.
- Advanced analytics: create unlimited insights from your data and connect data from other Access and third-party systems to give you the full picture.
- Custom reporting: access hundreds of ready-made reports, plus create charts, tables, dashboards and filters and easily share your key financial data, insights and reports across your organisation.
- Consolidated reporting: report information at the business, client, project or cost-code level. See all committed project costs, purchasing, billing forecasts, invoices and capacity for full visibility, governance and informed business decision-making.
Easy data migration, smooth implementation
Securely migrate your data in as little as 24 hours. Discover a seamless onboarding process with the Access consultants and project managers, always there for your finance team.
Project accounting software gives Brown & Co tangible information
We can review the business not just based on gut feeling, but based on tangible information. When it comes to project management and looking at how people manage our projects and how effective they are with those projects, there’s no doubt in the data because it’s in one place.
Alton Nutile, Commercial Operations Director at Brown & Co
You're in safe hands
Designed, developed and hosted on our UK-based industry-leading cloud, our accounting software complies with the latest UK regulations, including IPO, GDPR, Digital tax, Open banking and UK statutory reporting requirements.
Enterprise-level security keeps your data safe from threats, data loss and leaks. And because it’s cloud-based, you and your team can access your project accounting software anywhere, on any device – safe in the knowledge that you’re always working on the latest version, have the latest data to hand, and have 24/7 UK-based support on hand.
What’s more, the project accounting software feature in Access Financials is available through Access Workspace, so all your software, data and processes are in one place for greater productivity.
Would you like to see our project accounting software in action?
Enter your details and our finance specialists will give you a demo and answer any questions you have.
Project accounting software FAQs
What is the difference between project accounting and financial accounting?
Project accounting, also known as project cost accounting, is the process of tracking, reporting and analysing the financial transactions of each project. Standard business accounting is focused on tracking the financials by department or revenue stream. While general financial accounting covers revenues and expenses, project accounting includes more specific financial details as well as project progress.
What is project accounting?
Project accounting refers to the accurate tracking of costs incurred throughout a project’s lifespan, managing billing and reporting on revenue.
Managing project finances effectively means keeping costs under control and optimising revenue.
Good project finance software, such as Access Financials, gives your team the tools to plan and manage projects easily and profitably. Our project finance software provides real time project costings, resource scheduling, expense tracking and accounting; you can quickly identify if a project is on budget and adjust to avoid any overspend.
Interested in finding out more? Read our guide on how to optimise project management, reduce costs and improve profitability.
What is project accounting software?
With online project accounting software, you can generate financial reports that include revenues and costs broken down by project and down to a project phases, tasks or cost centres. And because costs and revenues are recorded day-to-day, project costing and accounting software can show, in real time, if projects are within budget, under-running or over-running.
Take a look at the features of our project based accounting software.
What is the best project accounting software?
There are many project accounting software’s out in the market but the best project accounting software for your business depends on your business needs. When looking at project accounting software, you need to consider:
- Number of active projects
- Value of projects
- Stakeholders involved
- Cost of internal employees time
- Integration with main finance system
- Accessibility
Our article 'Best project accounting software' goes into detail about the considerations above.
Resources and advice for project-based accounting businesses
What is the best project accounting software?
In this article, we explore the considerations you need to keep in mind when looking for the best project accounting software for your business.
Protecting project profitability
In this guide you'll learn to improve your resource scheduling, get control of project costs, capture time and expense information quickly and easily, and deliver fast and accurate billing.
Why successful businesses still lose revenue
How tightly does your business monitor every cost, every expenditure, every charge, every business expense? With the right tools in place, it’s easy to keep a close eye on everything and to spot problems quickly.
Switching your finance software doesn't need to be a challenge. Let our resources guide you through the process.
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