Oil & Gas

Project Accounting: Stay On-Track, On-Time, and On-Budget

Project accounting

Painless projects, from start to finish.

Sage Intacct Projects keeps all your time, expense, and project data—financial and non-financial—tracked and visible in one place. Automate the processes you need: from tracking costs, time, and expenses to managing resources, billing, and revenue recognition. Build out reports that show operational and financial metrics in one place to keep individual projects on track and your overall business growing profitably.

Key Benefits of Sage Intacct for Oil & Gas Companies

Adopt a right-sized project solution

You require project solutions that match the way your organization works. Sage Intacct provides everything from project tracking to employee time tracking, with full-featured costing and resource management, to billing and revenue recognition solutions. Whether you just need to track expenses by projects, understand the costs around R&D projects that don’t get billed, or run billable services projects for clients, Sage Intacct has a right-sized solution for you.

Start projects the right way

Sage Intacct shows you the true costs of past projects, so you can make smarter project bids. It integrates with your CRM system, so you can see what’s coming in the pipeline, line up the right people and materials, and turn bids into projects without manual data re-entry.

Mind the delivery details

Keep projects on track and stakeholders happy. Establish the proper workflows for entering time and expenses and give team members online access to do so. Keep a close watch on actuals against estimates. Tag expenses, invoices, and even journal entries to related projects. And answer questions about things like resources or invoices—without delay.

Save time on bills and revenue recognition

Sage Intacct’s billing automation helps you improve accuracy by generating project invoices in the right format, using the right terms, and for the right amounts, supporting a variety of fixed price and T&M methods. Satisfy both customer expectations and accounting requirements by keeping revenue recognition separate from billing and automatically calculating and posting based on milestones, schedule, or percent complete.

Manage your resources

Find the right resource for the job, with the right skills and availability, to quickly plan and start your project. Easily identify who’s over scheduled and who’s on the bench to get accurate insight into resource utilization and efficiency.

Give better answers, get better ideas

Stay up to date on project performance by consulting a single source with role-specific reports and dashboards. Give clients and colleagues answers about current status, milestones, and invoicing, while providing management insights on revenues, costs, and utilization to improve profit margins.

Learn How A Sage Intacct Cloud Accounting Upgrade Saved A Construction Company 20 Hours A Month In Forced Downtime

"We are now able to consistently close the books at month-end on a timely basis. 2019 was our first year on Intacct, despite this and having our highest gross revenues ever, we were able to complete our audit in record time."

Read the Case Study

Why Sage Intacct?

Fit project capabilities to the needs of your business
Improve profit margins by basing new project bids on better data
Lower costs by streamlining project management and billing processes
Project accounting software that keeps clients happy by making it easy for your team to get information and provide great service

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WHITE PAPER

Project Account Software Evaluation Guide

If you're using an accounting system that forces you to struggle with manual processes—limiting your flexibility and draining your productivity—it might be time to switch.

Get the Guide