--- title: Project Profitability Made Simple description: This new eBook provides six ways to enhance your project accounting—and your bottom line. Project accounting is essential to maintaining control of your budgets and resources, generating timely and accurate billing, and establishing your projects’ profitability. Any project accountant can tell you that it’s the only way to manage project budgets and resources. Project-based… image: https://cloud-erp.aqurus.ca/hubfs/Back%20view%20image%20of%20businessman%20drawing%20graphics%20on%20wall.jpeg --- 1 min read # Project Profitability Made Simple [![Picture of Murray Quibell](https://cloud-erp.aqurus.ca/hubfs/Imported_Blog_Media/Aqurus-president-Murray-Quibell-131x150-1.jpeg) Murray Quibell ](https://cloud-erp.aqurus.ca/cloud-erp/author/murray-quibell) Oct 15, 2020 4:55:35 AM ![Project Profitability Made Simple](https://cloud-erp.aqurus.ca/hubfs/Back%20view%20image%20of%20businessman%20drawing%20graphics%20on%20wall.jpeg)   ##### This new eBook provides six ways to enhance your project accounting—and your bottom line. Project accounting is essential to maintaining control of your budgets and resources, generating timely and accurate billing, and establishing your projects’ profitability. Any project accountant can tell you that it’s the only way to manage project budgets and resources. Project-based industries—from marketing to engineering—rely on project accounting to give them accurate estimates, manage time and resources, generate billing, and, most importantly, determine whether the project was profitable. Nevertheless, many project-based businesses are not using project accounting software to help them manage their projects. **In this eBook, we’ll discuss several common pitfalls that can affect every project. We’ll then describe how, with the right project accounting solution, you can avoid these pitfalls and ensure profitability for your projects, regardless of size or complexity.** Project profitability begins with capturing time accurately. Eliminating manual data entry. Generating timely, accurate reports. And taking common-sense steps to prevent scope creep and budget overruns. That sounds like a lot to keep track of—but it’s much easier when you have the right accounting tools. Protect your bottom line by avoiding six of the most common barriers to profitable projects. This new eBook from Acumatica will help.   In this eBook, you’ll discover: - The best way to **mitigate scope creep.** - How to **reduce project risk** by building contingency into your schedules. - Several factors to consider in **preparing accurate estimates.** - Four ways to **simplify project closing.** - How to tackle the **revenue recognition requirements** of ASC 606 and IFRS 15. With project margins tightening in an uncertain business environment, project profitability has never been more important. Gain an edge by downloading this eBook now.   [Download eBook](https://cloud-erp.aqurus.ca/cloud-erp/how-to-use-acumatica-project-overview)**   ### Learn 4 Reasons Companies Choose Acumatica [![Acumatica ERP Project Accounting Tools: Project Cost Tracking](https://cloud-erp.aqurus.ca/hubfs/Project%20Management%20Workflow.png) ](https://cloud-erp.aqurus.ca/cloud-erp/acumatica-erp-project-accounting-tools-project-cost-tracking) #### [Acumatica ERP Project Accounting Tools: Project Cost Tracking](https://cloud-erp.aqurus.ca/cloud-erp/acumatica-erp-project-accounting-tools-project-cost-tracking) ![Picture of Murray Quibell](https://cloud-erp.aqurus.ca/hs-fs/hubfs/Imported_Blog_Media/Aqurus-president-Murray-Quibell-131x150-1.jpeg?width=30&name=Aqurus-president-Murray-Quibell-131x150-1.jpeg) [Murray Quibell](https://cloud-erp.aqurus.ca/cloud-erp/author/murray-quibell) : Jul 8, 2019 12:00:52 AM As we discussed in last week’s post, leveraging the right project accounting solution in the right situation can streamline your entire business and... [Read More](https://cloud-erp.aqurus.ca/cloud-erp/acumatica-erp-project-accounting-tools-project-cost-tracking) [![Acumatica ERP Project Accounting Tools: Time & Expense Management](https://cloud-erp.aqurus.ca/hubfs/Closeup%20of%20young%20man%20in%20glasses%20with%20beard%20making%20blueprints%20on%20computer.jpeg) ](https://cloud-erp.aqurus.ca/cloud-erp/acumatica-erp-project-accounting-tools-time-expense-management) #### [Acumatica ERP Project Accounting Tools: Time & Expense Management](https://cloud-erp.aqurus.ca/cloud-erp/acumatica-erp-project-accounting-tools-time-expense-management) ![Picture of Murray Quibell](https://cloud-erp.aqurus.ca/hs-fs/hubfs/Imported_Blog_Media/Aqurus-president-Murray-Quibell-131x150-1.jpeg?width=30&name=Aqurus-president-Murray-Quibell-131x150-1.jpeg) [Murray Quibell](https://cloud-erp.aqurus.ca/cloud-erp/author/murray-quibell) : Jul 22, 2019 12:00:38 AM Over the past few weeks, we’ve been discussing Acumatica’s Project Accounting suite and the different features of the software (Project Cost Tracking... [Read More](https://cloud-erp.aqurus.ca/cloud-erp/acumatica-erp-project-accounting-tools-time-expense-management) [![Stay On Track & On Budget with Acumatica Project Accounting](https://cloud-erp.aqurus.ca/hubfs/Budgeting%20-%20Business%20Concept.%20Blue%20Arrow%20with%20Budgeting%20Slogan%20on%20a%20Grey%20Background.%203D%20Render..jpeg) ](https://cloud-erp.aqurus.ca/cloud-erp/stay-on-track-on-budget-with-acumatica-project-accounting) #### [Stay On Track & On Budget with Acumatica Project Accounting](https://cloud-erp.aqurus.ca/cloud-erp/stay-on-track-on-budget-with-acumatica-project-accounting) ![Picture of Murray Quibell](https://cloud-erp.aqurus.ca/hs-fs/hubfs/Imported_Blog_Media/Aqurus-president-Murray-Quibell-131x150-1.jpeg?width=30&name=Aqurus-president-Murray-Quibell-131x150-1.jpeg) [Murray Quibell](https://cloud-erp.aqurus.ca/cloud-erp/author/murray-quibell) : Apr 4, 2019 3:45:26 AM Project Accounting software helps companies track relevant data for projects. The software can help pinpoint what makes a project profitable, how... 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