AcctTwo Flexible Project Billing Supports the Combination of Standard and Overtime Labor Rates, Materials, and Other Billable Expenses
Houston, TX - AcctTwo has launched a new Sage Intacct customization to automate the most complex, multi-line, project billing. AcctTwo Flexible Project Billing automation enables extensive pricing and invoicing flexibility, including any combination of standard and overtime labor rates, materials, and other billable expenses with a pricing template you set up once and apply to multiple projects in Sage Intacct.
Designed specifically to automate complicated T&M billing for Professional Services, Field Services, and Construction Industry accounting teams, the AcctTwo Flexible Project Billing facilitates the most elaborate billing needs by automating the creation or import of a Project Price List one time so it can be applied to multiple projects, saving users time and ensuring consistency.
“We saw billing cycles taking more than 10 days in some cases. Users weren't able to bill the way they need to for their business, which usually results in a manual process. Our clients were creating multi-line price lists manually with every new project they set up in Sage Intacct. With AcctTwo Flexible Project Billing, users have to create that price list just once and can apply it to as many projects as they need. And when it comes time to do their billing, it's much easier and quicker for them to review invoices and complete their complex project billing,” said Brett Michalson, AcctTwo CTO.
For those companies that have pricing models that intermingle labor, materials, with and without markup, AcctTwo Flexible Project Billing can manage any combination of UOMs (including by day, by shift, and by hour), consumables, and AP expenses. Users select or create a UOM for time measurement and configure straight time and overtime rates, define a “shift” or hours per “day,” and specify special rates by employee. The module allows users to configure a retainage percentage as the project progresses.
See AcctTwo Flexible Project Billing in action. Watch a short demo video:
“When we look ahead to the future of finance and accounting, it’s clear that in order to be really help our customers, our products must be industry focused to solve the unique needs they have. AcctTwo Flexible Project Billing is a great example of how we can apply the industry expertise we’ve earned over the past 10 years to create solutions to problems hampering our community of users,” said AcctTwo CEO and Founder Marcus Wagner.
Click here to learn more about AcctTwo Flexible Project Billing.
AcctTwo is focused on delivering the future of finance and accounting to its customers. AcctTwo has three main solutions – Cloud Accounting Software, Managed Accounting Services, and Software Development, all built around Sage Intacct’s best-in-class financial applications. Our dedicated team of over 100 people has helped nearly 1,000 organizations optimize finance and accounting through software implementations, accounting outsourcing, and consulting. AcctTwo has been recognized by Sage Intacct as its Partner of the Year from 2014 – 2019 and by our customers as a leader in overall satisfaction and popularity through their reviews on G2.
AcctTwo is headquartered in Houston, Texas. For more information about accounting software customization, please visit https://www.accttwo.com or call 713-744-8400.