What's new in
Projects
Discover enhancements coming in the Spring Release
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
Improve accuracy, efficiency, tracking, and financial management leading to better project outcomes and customer satisfaction.
Feature summary
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Enhanced financial management: Better tracking and management of project costs and billing lead to more accurate financial reporting and improved project outcomes.
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Transparency and accountability: The system documents all changes and approvals to invoices, enhancing transparency and accountability in the billing process.
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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.
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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
Improve efficiency, accuracy, and user experience in managing project-related financial documents
Feature summary
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Streamlined billing process: Integrates tax calculations directly into invoicing and quoting workflows, reducing manual adjustments and minimising errors.
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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
Make it easier for users to manage and update project budgets accurately and efficiently.
Feature summary
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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.
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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.
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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
Enhance data confidentiality, compliance, and adherence to business rules to comply with strict data security and privacy regulations.
Feature summary
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Compliance and adherence: Helps organisations comply with data protection regulations and internal business rules by controlling data access at a detailed level.
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Improved workflow management: Facilitates better management of project-related data by ensuring that only relevant users can view and interact with specific project information.
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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
Simplify workflows by minimising screen switching, making it more efficient to manage and access relevant data in one place.
Feature summary
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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.
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Streamlined workflow: Reduces the need to switch between forms or screens, improving overall user experience and workflow efficiency.
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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
Enhance the efficiency, organization, and accessibility of managing project photos.
Feature summary
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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.
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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.
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Activity association: Users can associate specific tasks, events, emails, and other activities with photo logs, enhancing the context and traceability of project activities.
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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
Enhances the accuracy and efficiency of cost tracking and financial reporting by directly linking cost transactions to Accounts Payable (AP) documents.
Feature summary
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Improved efficiency: Streamlines the process of cost allocation and reconciliation, reducing the time and effort required for manual data entry and corrections.
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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