Project
Accounting
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Customer registration is a fundamental step in eresource On-Demand's contracting module, enabling businesses to build and maintain a database of clients and partners for streamlined project management. This feature offers a comprehensive solution for managing customer information, facilitating effective communication, and enhancing client relationships.
Project Master
- In the dynamic world of project management, having a robust tool to oversee every aspect of your projects is essential. Introducing the "Project Master" feature, an integral part of our project management software.
- Project Master is the control center for all your projects. It's a centralized hub that allows you to create, manage, and monitor your projects from initiation to completion.
Benefits
Enhanced Project Visibility
Gain a bird's-eye view of your projects, making it easy to identify potential issues and opportunities.
Cost Control
Manage project budgets effectively to keep costs in check.
On-Time Delivery
Ensure projects are completed within the stipulated time frames.
Data-Driven Decisions
Leverage real-time data to make informed decisions and adjustments as needed.
Project Outstanding
- Managing outstanding payments and receivables is vital for the financial health of any contracting project. eresource On-Demand's "Project Outstanding" feature simplifies the process of tracking, managing, and ensuring timely payments from customers and to vendors, enhancing your financial control.
Key Features
Comprehensive Outstanding Tracking:
Monitor outstanding payments and receivables for each project, including customer invoices and vendor bills.
Due Date Alerts:
Set up due date alerts to ensure timely payment collection and payment to vendors, reducing the risk of late fees.
Aging Analysis:
Perform aging analysis to understand the status of outstanding payments, helping you prioritize collection efforts.
Document Attachment:
Attach relevant documents such as invoices, receipts, or purchase orders to each outstanding entry for comprehensive record-keeping.
Communication Integration:
Communicate directly with customers or vendors from within the system to resolve outstanding issues and streamline the process.
Benefits
Improved Cash Flow
Timely management of outstanding payments enhances cash flow, ensuring funds are available for project needs.
Reduced Late Fees
Avoid late payment penalties by ensuring payments are made to vendors and received from customers on time.
Enhanced Customer and Vendor Relationships
Efficient management of project outstanding fosters strong, trust-based relationships.
Transparency
Transparent outstanding management enhances collaboration with customers, vendors, and project stakeholders.
Project Receivables
- Effective management of project receivables is vital for maintaining healthy cash flow and financial control. eresource On-Demand's "Project Receivables" feature simplifies the process of tracking and collecting payments from your clients, ensuring that your projects remain financially sound.
Key Features
Comprehensive Receivables Tracking:
Monitor project receivables, including customer invoices and payment due dates.
Due Date Alerts:
Set up due date alerts to ensure timely collection of payments, reducing the risk of late payments.
Aging Analysis:
Perform aging analysis to understand the status of project receivables, enabling you to prioritize collection efforts.
Document Attachment:
Attach relevant documents such as invoices, receipts, or contracts to each receivable entry for comprehensive record-keeping.
Communication Integration:
Communicate directly with clients from within the system to resolve payment issues and streamline the process.
Benefits
Healthy Cash Flow
Timely management of project receivables enhances cash flow, ensuring funds are available for project needs.
Reduced Late Payments
Avoid late payment penalties and interest charges by ensuring payments are received from clients on time.
Enhanced Client Relationships
Efficient management of project receivables fosters strong, trust-based client relationships.
Transparency
Transparent receivables management enhances collaboration with clients and project stakeholders.
Project Payables
- Managing project payables, including vendor bills and expenses, is crucial for maintaining financial control in the contracting industry. eresource On-Demand's "Project Payables" feature simplifies the process of recording, tracking, and managing payments related to your projects, ensuring that financial obligations are met on time.
Key Features
Payable Recording:
Easily record project payables, including vendor bills, expenses, and other financial obligations.
Due Date Alerts:
Set up due date alerts to ensure timely payment to vendors, reducing the risk of late fees.
Document Attachment:
Attach relevant documents such as vendor bills, purchase orders, or expense receipts to each payable entry for comprehensive record-keeping.
Expense Allocation:
Allocate project expenses to specific projects, tasks, or cost categories to ensure accurate financial tracking.
Payment Tracking:
Monitor the payment status of each payable, including paid, pending, or overdue payments.
Benefits
Financial Control
Efficient payables management ensures that financial obligations are met on time, preventing late fees and improving cash flow.
Transparency
Transparent payable management enhances trust and collaboration within your organization and with vendors and project stakeholders.
Risk Mitigation
Timely payment of vendors and expenses reduces the risk of disputes or disruptions to project progress.
Data-Driven Decision Making
Access to real-time payable data allows for informed decisions regarding budgeting and resource allocation.
Project Income & Expense
- In the world of contracting, managing project finances is essential for the success and profitability of each project. eresource On-Demand's "Project Income & Expense" feature simplifies the process of tracking and managing project-related income and expenses, helping you maintain financial control and make informed decisions.
Key Features
Income Recording:
Easily record project-related income sources, including customer payments, milestones, and other revenue streams.
Expense Tracking:
Record and categorize project expenses, whether they are materials, labor costs, subcontractor fees, or other project-related expenditures.
Budget vs. Actual Analysis:
Compare the budgeted income and expenses with the actual figures to assess project profitability and financial performance.
Document Attachment:
Attach relevant documents such as customer invoices, purchase orders, receipts, and expense documentation for comprehensive record-keeping.
Data Visualization:
Utilize charts and graphs to visualize income and expense data, making it easier to understand and communicate financial insights.
Benefits
Improved Financial Control
Efficiently manage project finances, ensuring that income is collected and expenses are controlled to meet financial goals.
Profitability Analysis
Assess project profitability by comparing budgeted figures with actual income and expenses, allowing for data-driven decision-making.
Budget Adherence
Ensure that projects adhere to budgeted financial parameters, reducing the risk of cost overruns and financial surprises.
Real-time Insights
Access real-time financial data for accurate insights into project financial performance.