What's new in
Projects

Discover enhancements coming in the Spring Release

Enhancement

Enhanced pro forma processing

Ensure accurate and efficient handling of pro forma invoice corrections with a streamlined workflow for previously closed and released accounts receivable documents.

Feature summary

  • Enhanced accuracy: Ensures that corrections are accurately reflected in financial records, minimising errors and discrepancies.
  • Improved efficiency: Allows users to handle corrections more quickly, freeing up time for other critical tasks.
  • User-friendly interface: Provides an intuitive interface for making corrections, making it easier for users to navigate and perform necessary adjustments.
  • Consistent financial Records: Maintains the integrity of financial records by ensuring that all corrections are properly documented and traceable.

Plus more

Learn about other enhancements to the Projects capability in MYOB Acumatica.

Pro forma billing enhancements Chevron down

Improve accuracy, efficiency, tracking, and financial management leading to better project outcomes and customer satisfaction.

Feature summary

  • Enhanced financial management: Better tracking and management of project costs and billing lead to more accurate financial reporting and improved project outcomes.

  • Transparency and accountability: The system documents all changes and approvals to invoices, enhancing transparency and accountability in the billing process.

  • Competitive differentiation: By providing a structured and integrated solution for managing pro forma invoices, MYOB Acumatica offers a competitive edge in project management and billing.

  • Faster billing cycles: Streamlined processes enable quicker generation and correction of pro forma invoices, enhancing cash flow and project tracking.

 

Use cases

Generate accurate pro forma invoices, adjust billing based on project progress, and ensure all changes are accurately captured in financial reports.

Industries

Construction, Professional Services

Roles

Project Managers, Financial Controllers, and Accounts Receivable (AR) Managers

Available in

MYOB Acumatica ERP

Inclusive taxes in pro forma invoices and project quotes Chevron down

Improve efficiency, accuracy, and user experience in managing project-related financial documents


Feature summary

  • Streamlined billing process: Integrates tax calculations directly into invoicing and quoting workflows, reducing manual adjustments and minimising errors.

  • Enhanced financial management: Allows taxes to be included in line items of invoices and quotes, simplifying calculations and ensuring accuracy.

 

Use cases

Generate accurate pro forma invoices, adjust billing based on project progress, and ensure all changes are accurately captured in financial reports.

Industries

Construction, Professional Services

Roles

Project Managers, Financial Controllers, and Accounts Receivable (AR) Managers

Available in

MYOB Acumatica ERP

Simplified logic for updating the project budget Chevron down

Make it easier for users to manage and update project budgets accurately and efficiently.

 

Feature summary

  • Efficiency: By removing the dependency on transaction sources and GL account types, the process of updating project budgets becomes faster and less prone to errors. This leads to significant time savings for project managers and finance teams.

  • Accuracy: Simplified logic ensures that budget updates are more accurate, reducing the risk of discrepancies and financial mismanagement. This is crucial for maintaining the financial health of projects.

  • Improved control: With a more straightforward process, project managers can maintain better control over project finances, ensuring that budgets are adhered to and financial goals are met.

 

Use cases

Update project budgets efficiently to reflect changes in scope or costs, ensuring accurate tracking of expenses and revenues while managing profitability and reducing manual effort.

Industries

Construction, Manufacturing, Professional Services

Roles

Project Managers, Financial Controllers, and Accountants

Available in

MYOB Acumatica ERP

Enhanced row-level security in projects Chevron down

Enhance data confidentiality, compliance, and adherence to business rules to comply with strict data security and privacy regulations.

 

Feature summary

  • Compliance and adherence: Helps organisations comply with data protection regulations and internal business rules by controlling data access at a detailed level.

  • Improved workflow management: Facilitates better management of project-related data by ensuring that only relevant users can view and interact with specific project information.

  • Error reduction: Minimises the risk of unauthorised data access and potential errors associated with manual data handling.

 

Use cases

Restrict access to sensitive project data by user roles, ensuring only authorised personnel can view or edit details, enhancing compliance, and reducing data breach risks.

Industries

Finance, Healthcare, Government

Roles

System Administrators, IT Managers, and Security Officers

Available in

MYOB Acumatica Construction

Side panel support for specific forms Chevron down

Simplify workflows by minimising screen switching, making it more efficient to manage and access relevant data in one place.

 

Feature summary

  • Multiple tabs access: Users can access multiple tabs within the side panel to view different types of related information, providing a comprehensive view of data.

  • Streamlined workflow: Reduces the need to switch between forms or screens, improving overall user experience and workflow efficiency.

  • Customisability: The side panel can be configured to display standard forms, inquiry forms, or dashboards, making it adaptable to various user needs and preferences.

 

Use cases

Enhance productivity by reducing the need to switch between different forms or screens.

Industries

Finance, Manufacturing, and Professional Services

Roles

Accountants, Financial Analysts, Project Managers

Available in

 MYOB Acumatica ERP

Photo log improvements Chevron down

Enhance the efficiency, organization, and accessibility of managing project photos.

 

Feature summary

  • Improved accessibility: The main photo of a photo log can be previewed directly within the system, providing a quick visual reference without needing to open individual files.

  • Mass processing capabilities: Users can download a ZIP file containing all photos from selected photo logs or send an email with the ZIP file attached, streamlining the process of sharing and archiving project images.

  • Activity association: Users can associate specific tasks, events, emails, and other activities with photo logs, enhancing the context and traceability of project activities.

  • Custom attributes: The system allows custom attributes to be added to photo logs, enabling users to capture and store additional metadata relevant to their projects.

 

Use cases

Store, organise, view, edit, and export project photos, ensuring accurate documentation, reporting, and verification of progress and compliance with standards.

Industries

Construction, Project Management

Roles

Project Managers, Site Supervisors, and Quality Assurance Inspectors

Available in

MYOB Acumatica Construction

Cost transactions linked to AP documents Chevron down

Enhances the accuracy and efficiency of cost tracking and financial reporting by directly linking cost transactions to Accounts Payable (AP) documents.

 

Feature summary

  • Improved efficiency: Streamlines the process of cost allocation and reconciliation, reducing the time and effort required for manual data entry and corrections.

  • Error reduction: Minimises the risk of errors associated with manual linking of cost transactions to AP documents, leading to more reliable financial data.

 

Use cases

Accurately track and account for costs by linking transactions to specific AP documents.

Industries

Construction

Roles

Project Managers, Financial Controllers, and Accounts Payable Clerks

Available in

MYOB Acumatica Construction

Release notes

View the release notes and see specific information about updates to the People capability.

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