Project Accounting

  • Project Accounting

    Posted by DSC Communities on December 13, 2016 at 11:20 am
    • Daniela First

      Member

      December 13, 2016 at 11:20 AM

      Hi 

      anybody using project accounting??

      would love to hear from you!

      we are thinking about using it, we use a WIP BS account where we code everything but due to the amount of projects this account gets crowded!

      we are hoping that by using project numbers we can actually sort through it in a more efficient way…

      Just wan to know if its a pain to set up, does it really help, any help would be great!

      Thanks

        

      ——————————
      Daniela First
      Accounting Manager
      Zoe’s Kitchen
      Plano TX
      ——————————

    • Russ Worth

      Member

      December 14, 2016 at 10:37 AM

      Daniela – we have been using Project Accounting for 6 years. It’s tricky to setup and use, but you do get to store a lot more information.

      So there is extra benefit to have your WIP broken down into very granular detail, but also there are extra steps involved to get that additional information into GP.

      When you say WIP, is this for Fixed Asset type transactions only (cost only), or for “true” projects where you are billing the customer based on project(s)?

      Best regards,

      Russ Worth

      ——————————
      Russ Worth
      GP Business Analyst
      Grand Isle Shipyard
      Galliano LA
      ————————————————————————-

    DSC Communities replied 7 years, 4 months ago 1 Member · 0 Replies
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