Tag Archives | timesheet

Fixed Fee Project Accounting in Dynamics GP

Fixed fee projects present several accounting and system issues. Revenue recognition is the primary accounting issue. Systems integration is the primary system issue. Revenue recognition for a fixed fee project can easily become complex. Almost from the first day of any project there will be differences in the amount invoiced, the amount of expenses, the amount of […]

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Project Based Time & Materials in Dynamics GP

If you run a project based company that needs to collect project expense information and then turn around and bill it to your customers, you probably are using several different systems to accomplish these tasks. Your timesheet system is different than your project tracking system, and different  from your accounting system; with no real true integration between the systems. […]

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