5 Ways a Project Accounting System Can Help With Your ABCs
Activity-based costing, also called ABC, is a methodology conceptualized to more effectively track costs so that organizations have a better understanding of the profitability associated to a project or given group or tasks.
The challenge that comes with managing your business using ABC is that if you are solely managing your cost groups by their GL account, they can quickly become too heavy to handle. The task becomes even more difficult as you need to manage long accounting entries since the costs are distributed across numerous business units or departments.
Read JOVACO’s article 5 Ways a Project Accounting System Can Help With Your ABCs and find out how having a project accounting module fully integrated to Microsoft Dynamics GP can help you automate your distributions and manage your costs at a granular level.