Introduction

The process of searching for a project accounting software that’s perfect for your company may be long, tedious, and complicated. Luckily, this article will give you all the information you  need in order to help you select the right project accounting software. In this article, we will delve deeper into what project accounting software is, its benefits, the features it offers, and the top 10 project accounting software vendors around.


12+ Project Accounting Software

1. Sage Intacct

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Rating: 4.8/5

Price: Custom

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2. Financialforce

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Rating: 4.7/5

Price: Custom

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3. Netsuite

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Rating: 4.5/5

Price: Custom

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4. Freshbooks

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Rating: 4.6/5

Price: $15/month

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5. Zoho Books

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Rating: 4.7/5

Price: FREE

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6. Acumatica

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Rating: 4.5/5

Price: Custom

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7. Epicor

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Rating: 4.7/5

Price: Custom

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8. Projector PSA

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Rating: 4.8/5

Price: $15/month

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9. Accounting Seed

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Rating: 4.7/5

Price: Custom

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Rating: 4.1/5

Price: Custom

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11. Solutions360

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Rating: 4.5/5

Price: Custom

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12. Deltek

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Rating: 3.9/5

Price: Custom

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13. Xendoo

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Rating: 5/5

Price: $195/month

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What Is Project Accounting Software?

Project accounting software is software specifically designed to support those in industries that have project-based work schedules, such as law, engineering, advertising, and construction. The software tools and features that are offered help track relevant project data.

Benefits

The benefits of project accounting software include increased visibility, solid reporting capabilities, time tracking, and scheduling. All aspects of project accounting are improved and made more efficient, thereby allowing companies and businesses to reach success quicker and easier.

Features

A few project accounting features are flexible, accurate billing, budget reporting, easy tracking of project costs, and multi-currency project accounting. 

Top 10 Products

1. Sage Inacct

Invested in meeting the needs of financial professionals, Sage Inacct provides only the best accounting software around. If you need project accounting software programsproject billing software, or any other advanced functionalities, go to Sage Inacct today. Founded in 1999 and headquartered in San Jose, California, Sage Inacct has a company size of 501-1,000 employees and a revenue of $129 million.

2. FinancialForce

For a powerful project finance software, ERP software, and cloud accounting software, put your trust in FinancialForce. FinancialForce has a company size of 501-1,000 employees and a revenue of $140 million.

3. NetSuite

NetSuite project accounting software will improve your business drastically! NetSuite has everything you need and more, from CRM software to professional services automation. Headquartered in Austin, Texas and founded in 1998, NetSuite has a company size of over 10,000+ employees and a revenue of $2 billion.

4. FreshBooks

FreshBooks has the best small business accounting software for self-employed professionals and their teams. Receive SaaS, web application, and time tracking software from FreshBooks now. Founded in 2003 and headquartered in Toronto, Ontario, FreshBooks has a company size of 201-500 employees and a revenue of $50 million.

5. Zoho Books

Zoho Books will elevate your project management operations and supply you with the features and tools you need to ensure your projects come to fruition. With Zoho Books features such as Gantt chart software, task and time management software, and various automation tools, you are sure to succeed. Zoho Books is a product of Zoho, a company headquartered in Chennai, Tamil Nadu with 5,001-10,000 employees and a revenue of $610 million.

6. Acumatica

Project cost accounting software isn’t the only specialty offered by Acumatica. Acumatica also delivers ERP software and data analytics software, as well! Founded in 2007 and headquartered in Kirkland, Washington, Acumatica has a company size of 201-500 employees and an estimated annual revenue of $37.7 million.

7. Epicor

Make, move, and sell much easier, better, and faster with Epicor solutions. For easy accounting software you can fully trust, Epicor has exactly what you need. Founded in 1972 and headquartered in Austin, Texas, Epicor has a company size of 1,001-5,000 employees and a revenue of $836 million.

8. Projector PSA

Projector PSA has the project management tools you are looking for such as simple accounting software, resource scheduling software, and BI tools, too! Projector PSA has a company size of 11-50 employees and an estimated annual revenue of $5.2 million.

9. Accounting Seed

Accounting Seed will help you throughout the duration of your projects, helping you make sure you can do your job at the highest capacity. Receive an accounting solution perfect for you from Accounting Seed today. Accounting Seed has a company size of 11-50 employees and an estimated annual revenue of $6.8 million.

With Mavenlink specialties in team collaboration, project management, resource planning, business intelligence, and project accounting, there’s no way you won’t succeed. Mavenlink has a company size of 201-500 employees and an estimated annual revenue of $61.8 million.

FAQs

Are there any downsides to project accounting software?

One downside to project accounting software is the fact that not all project accounting software may have all the features or tools your company is looking for. Another downside may be the software cost; some software is a bit on the pricey side. Luckily, these downsides are able to be avoided with good research! By simply looking more into software vendors and by reading project accounting software reviews, you can steer clear of getting a software that doesn’t truly work for you.

What considerations do I need to make before getting project accounting software?

Before getting project accounting software, you need to figure out what tools and features your company needs. There’s nothing worse than getting a software only to find out they don’t have the non-negotiable features you’re looking for! You should also consider trying out demos and trials of project accounting software to determine what works best for your company.

How much does project accounting software cost?

The cost of project accounting software varies significantly. Some software requires monthly payments that range from $15-$195 per month. Zoho Books has free project accounting software. However, most project accounting software is custom priced, with the price depending on the software features, tools, and packages that are acquired.

Conclusion

Although managing the financial aspects of projects may be difficult, project accounting software has the ability to make the process exponentially easier. Now that you know the benefits, features, and the top project accounting software vendors, don’t hesitate to get project accounting software today!


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