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Project Cost Accounting

Cost management is one of the core aspects of project management. The project costs are estimated and planned in the form of a budget as part of project planning. Budget compliance is monitored throughout the project. Project cost accounting is required for budget compliance, as it provides necessary information about costs incurred, cost trends and possible causes of costs incurred in all phases of a project. Project cost accounting in abas ERP can also be used without activating project management to provide further evaluation for accounting.

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Project Cost Accounting

Benefits

Focus on the project:
Scheduling, procurement and warehouse management are performed on a project-related basis. Valuations and cost accounting are carried out with a project reference. Project-related evaluation is available for P&L and balance sheet accounts.
Comprehensive project overview:
Thanks to the integration with project management and document management, you are able to maintain a complete overview.
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Project-Related Value Flow

If project cost accounting is activated, the entire material and value flow can be maintained in a project-related view. The project reference information can be transferred from the part of the process that initiated the requirement to the part that fulfills that requirement. This includes all levels of the procurement through to the storage quantity. The connection to valuation ensures the project-related value flow and the posting of the material/production costs transfer the value flow to accounting.
 

Stay on top of project costs

With the help of project cost accounting you always know where costs are incurred, how they develop, and what caused them. 

Project Cost Types

With the use of project cost types, which can be used for P&L as well as for balance sheet accounts, consolidation structures are created in the entries at the intersection of the project, cost type and entry amount. These are the basis for possible project-related reporting. The project structure, for example, mapping main and sub projects, also enables evaluations on different consolidation levels.
 

Everything project related

From scheduling, procurement, warehousing, valuation, and cost accounting to evaluation of P&L and balance sheets, it's all performed project related.

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Contact

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