Project Accounting | Simon Accounting Services
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Project Accounting

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A MODERN WAY TO TRACK YOUR PROJECTS

We organize all the moving pieces of your project, including transactions, time and running reports – so you always know where you stand with all your jobs.

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We will organize your records by project:

  • Organize books the way you work by keeping all job-related information in one place.

  • Connect invoices, expenses, and transactions to each individual project.

  • View all of your open jobs to see exactly where you’re spending your time and money.

  • Easily run reports to understand if you’re making or losing money on each individual project.

  • Four custom reports help you easily see your profitability, invoices that need to be sent, sales transactions, and any nonbillable time.

  • Track all time and expenses, and view outstanding payments and unbilled work.

  • No more cumbersome workarounds to understand profitability or spending extra money on third-party solutions to manage finances for your jobs.

THE PROCESS

INITIATION

We will use past project data to help you during the estimate and bidding process. We will review estimates and bids to ensure each milestone is assigned a cost. Labor and costs will be tracked by each individual project.

EXECUTION

We will track planned costs against milestones and track billable costs, labor, and costs. During the month, we will assign all costs to the appropriate project. 

MONTH END

Each month, or week, or day, we will analyze the profitability of each project as well as compile billable hours and cots. 

LABOR TRACKING

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