Many companies that run project businesses moan about the effort that regularly occurs when the regular project accounting is due. What conditions were agreed? What has been done? What of it can be billed? Has everything been released? Are all the travel receipts there? and and and
Integrated project accounting
An essential function of integrated project management, such as MariProject for SAP Business One, help to significantly minimise the effort required for project accounting.
This already starts with the recording. Performance data, articles consumed and travel expenses only have to be entered once in the system.
MariProject on the basis of SAP Business One
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Everything is then approved by the responsible project manager. Once released, the services are invoiced according to the conditions that are stored in the corresponding contract. This can be done according to the different types of project billing, such as: according to time and effort, at a fixed price, per Deposit, with phase reference, with commissions, etc.
Of course, as is usual in SAP Business One, this can be done in different currencies at the current exchange rates.
An important detail is that in MariProject also handling of Work in Progress (WIP) according to IAS / US-GAAP.
But not only customers can be invoiced. Internal activity allocation (ILV) can also be controlled via the SAP Business One extension.