Acumatica Project Accounting, Time & Billing for Professional Services
Custom Acumatica development for professional services - project accounting, time and billing, WIP reporting, resource utilization. Gold Certified partner.
A mid-size engineering consultancy on T&M contracts could not capture billable vs. non-billable hours at the project phase level. Every invoice required manual spreadsheet reconciliation between timesheets and project budgets.
Envinse configured Acumatica Professional Services Edition: project phases mapped to billing codes, automated billable/non-billable classification by activity type, and a custom WIP report showing unbilled work in progress by client and project manager.
Invoice preparation time dropped from 2 days to 3 hours per billing cycle.
Acumatica Project Accounting - Phase-Level Tracking
Acumatica Professional Services Edition tracks revenue, costs, and margins by project and phase. Customizations needed: firms with complex multi-phase projects where each phase has different billing rules (fixed fee, T&M, retainer), firms tracking non-billable internal projects alongside client work, and firms needing project profitability reporting by practice area or business unit.
Acumatica Time & Billing - Billable vs Non-Billable Classification
Acumatica handles time entry and billing natively. Envinse extends this: custom billable/non-billable classification rules by project type and phase, automatic overtime rate calculation for T&M contracts, and client-specific billing rate tables that update quarterly.
Acumatica WIP Reporting & Revenue Recognition
WIP (work in progress) reporting and revenue recognition are common pain points. We build custom WIP dashboards inside Acumatica showing unbilled work by project, project manager, and client - and configure revenue recognition rules for percentage-of-completion, milestone-based, or subscription billing models.
Acumatica 2026 R1/R2 Features for Professional Services
- Employee utilization maximization - insight across projects, billable vs non-billable (2026 R1)
- AI-driven reporting and anomaly detection on project financials (2026 R1)
- Enhanced project revenue forecasting and unbilled WIP in one view (2026 R1)
- AI Assistant for project queries in plain English (2026 R1)
- Customer and vendor collaborative portals with universal login (2026 R1)
Why Choose Envinse
Highest certification tier
No hidden fees, no scope creep
Official xRP framework standards
Acumatica 2026 R1
Full NDA, your brand
Quote after technical review
Frequently Asked Questions
What is Acumatica project accounting for professional services?
Acumatica project accounting tracks all revenues, costs, and margins at the project level - connecting time entries, expenses, purchase orders, and invoices to specific projects and phases. Envinse customizes project accounting for firms with complex billing structures, multi-phase projects, or practice-area reporting requirements.
How does Acumatica handle time and billing for services firms?
Acumatica captures time entries, classifies them as billable or non-billable based on project and activity rules, and generates invoices from approved time automatically. Envinse extends native time and billing for firms with client-specific billing rates, overtime rules for T&M contracts, weekly timesheet approval workflows, and integration with external time-tracking tools.
Can Acumatica do WIP reporting for professional services?
Yes. Acumatica Professional Services Edition includes WIP reporting showing unbilled revenue by project. Envinse builds custom WIP dashboards displaying unbilled work by client, project manager, practice area, and aging bucket - giving billing administrators the exact data needed to prepare invoices without manual reconciliation.
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Email: acumatica@envinse.com · Phone: 737-377-3839
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