ProjectPro enables timely project true-ups by systematically tracking estimated costs, recognized revenues, and projected profits throughout the project's lifecycle.
It ensures billing accuracy by aligning costs with percentage of completion in real time, driving consistent cash flow and preventing underbilling or overbilling.
ProjectPro allows users to establish job price rates for labor and equipment either by resource group or by individual rates as needed. The Construction Accounting features within ProjectPro facilitate the tracking of markup percentages for materials, subcontractors, and other cost categories outlined in customer contracts.
Billing can be handled as a percent, unit, or lump sum using transaction lines for G/L Accounts, Items, or Resources. Progress billing documents include AIA G702, AIA G703, and Generic Progress Billing formats.
Together, these help standardize AIA billing workflows, ensure compliance with contract and industry requirements, and improve audit readiness with clear, structured schedules of values and billing breakdowns.
ProjectPro facilitates quick Work Order creation. It lets you set markup percentages by G/L Accounts, Resources, Items, and Cost Categories, giving you flexibility when transferring labor costs and vendor purchases to Work Orders or Job Sales Invoices.
This case study will help you understand how ProjectPro helped the client streamline financial reporting, and enhance project management and operations monitoring by offering real-time project performance visibility.
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