Project Accounting
Complete project management for professional services. Time tracking, billing, resource management, and project accounting with revenue recognition.
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Project Structure & WBS
Define project hierarchies with work breakdown structures, milestones, and deliverables.
- Project master data
- Project templates
- Project duplication
- Status workflows
- Multi-project views
- Multi-level tasks
- Task dependencies
- Gantt visualization
- Critical path
- Baseline tracking
- Milestone tracking
- Deliverable checklist
- Completion %
- Customer signoff
- Payment triggers
Time & Expense Management
Capture time and expenses against projects with multi-level approval workflows.
- Weekly timesheets
- Task-level entry
- Copy week-to-week
- Mobile entry
- Overtime tracking
- Receipt capture
- Expense categories
- Mileage tracking
- Per diem rates
- Currency support
- Manager approval
- Project approval
- Multi-level routing
- Delegation rules
- Rejection workflow
Resource Management
Schedule resources, track utilization, and optimize capacity across projects.
- Employee resources
- Contractor pool
- Equipment resources
- Skill profiles
- Certifications
- Assignment scheduling
- Conflict detection
- Workload view
- Drag-drop scheduling
- Auto-suggest
- Utilization %
- Billable vs non-billable
- Capacity planning
- Trend analysis
- Forecasting
Project Lifecycle
Track projects through every stage from planning to completion
Project Billing
Flexible billing methods to match any contract type—T&M, fixed price, milestone, or retainer.
- Rate cards
- Role-based rates
- Client-specific rates
- Markup rules
- Billing holds
- Fixed price contracts
- Milestone billing
- Progress billing
- Billing schedules
- Holdback %
- Retainer tracking
- Hour drawdown
- Cost-plus markup
- Cap management
- Rollover rules
Time & Materials
Bill actual hours × rates
Consulting, IT services
Fixed Price
Agreed contract amount
Construction, software
Milestone
Bill on deliverable completion
Engineering, design
Retainer
Pre-paid hours drawn down
Ongoing support
Cost Plus
Actual cost + markup %
Government contracts
Progress
% complete × contract
Long-term projects
Project Accounting
Complete financial management with costing, budgets, earned value, and variance analysis.
- Cost tracking
- Labor costs
- Expense allocation
- Material costs
- Variance reports
- Budget creation
- Multi-level budgets
- Budget vs actual
- Alerts & thresholds
- Reforecasting
- Planned value (PV)
- Earned value (EV)
- Actual cost (AC)
- SPI / CPI metrics
- EAC forecasting
Revenue Recognition
Compliant revenue recognition with WIP accounting and ASC 606 / IFRS 15 support.
- POC calculation
- Cost-to-cost method
- Effort-based method
- Automatic journals
- Period close
- WIP calculation
- Unbilled revenue
- Deferred costs
- WIP write-off
- GL integration
- 5-step model
- Contract identification
- Performance obligations
- Variable consideration
- Audit trail
Work Breakdown Structure
Organize work into manageable phases and tasks with dependencies, milestones, and progress tracking.
Multi-Level Hierarchy
Phases, tasks, and subtasks at any depth
Task Dependencies
Finish-to-start, start-to-start, and more
Milestone Tracking
Key deliverables with billing triggers
Progress Measurement
Track % complete and earned value
Full Feature List
Built for Project-Based Businesses
Ideal for professional services and project-centric industries
Professional Services
Consulting, legal, accounting
Construction
Fixed price contracts, milestone billing
Engineering
Design projects, earned value
IT Services
Agile projects, T&M billing
Advertising & Marketing
Campaign projects, retainer
Architecture
Design phases, milestone deliverables
Seamlessly Integrated
Projects connects with every module in Khula ERP
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