13 Jun Project Accounting Time & Materials in Dynamics GP
Project Accounting Time & Materials in Dynamics GP allows you to track project budgets and expenses that flow naturally to your general ledger.
The Project Accounting module is a sophisticated system that you can use in a variety of ways. You can make it intricate or make it simple.
The time and materials project type is probably the easiest to setup and use.
This is an example of a typical time & materials project setup:
You can use Cost Categories to define specific tasks that are to be performed on a project. Budgets and actual amounts are tracked at the Cost Category level.
There are some nice summary level analysis screens that give you a quick glimpse of how a specific project is progressing. There are also a series of inquiry screens that allow you to easily drill down from your company ==> customer ==> contract ==> project ==> cost category ==> transaction to get a full view of project progress in your company.
Here is a quick video that shows this in action:
If you’d like to try out Dynamics GP Project Accounting for a 30 day trial, you can start here. Make sure to select the “Advanced Management” option, and then “Project Accounting”:
Image via: www.patriciagomezwilkie.com