Project Accounting

The Project Accounting module in PrismERP offers a structured approach to manage all financial activities associated with individual projects. It helps organizations maintain accurate control over project budgets, expenses, income, and vouchers, ensuring financial transparency and accountability. Seamlessly integrated with core ERP modules, this system supports real-time tracking and project-specific financial analysis.

---

Key Features

Project Voucher Management

Create, approve, and post project-specific vouchers to ensure all transactions are accurately recorded under the correct project.

Expense Tracking

Monitor and manage project-related expenditures against BOQ or approved budgets to avoid overspending.

Income Recording

Track revenue inflows related to specific projects, ensuring accurate profit and loss calculations.

Document Management

Upload and store invoices, bills, contracts, and supporting documents for audit and compliance purposes.

Integrated Ledger Posting

Synchronize project transactions with the General Ledger for unified financial reporting and audit trails.

Budget vs Actual Analysis

Compare planned budgets with actual expenses through detailed reports to make data-driven project decisions.

Project-wise Financial Reports

Generate detailed financial statements like income and balance sheets per project for clear visibility and control.