Discover Sage Intacct project accounting software

Sage Intacct project accounting is a cloud-based financial management module within Sage Intacct that automates the full project financial lifecycle - from resource planning and time tracking through to project billing and revenue recognition. It gives Australian professional services firms, consultancies, non-profits and project-based businesses a single system to track costs, manage budgets, monitor utilisation and generate project profitability reports, without manual reconciliation between separate project management and accounting tools.

Project accounting software tracks financial data at the individual project level rather than just at the business level. It gives you visibility into costs, time, budget and profitability for each project, client or grant – not just across the organisation as a whole. Businesses that need it typically include professional services firms, architects and engineers, management consultancies, IT services businesses, not-for-profits managing grant-funded programmes, and any Australian business that bills clients by project, milestone or time and materials.

General accounting tracks financial transactions at the organisation level – income, expenses, assets and liabilities across the whole business. Project accounting goes deeper, tracking costs, time, revenue and profitability at the individual project or engagement level. For Australian businesses that bill clients by project or manage grant-funded programmes, general accounting alone doesn’t give you the visibility you need to know which projects are profitable, which clients are costing you money, or whether you’re likely to hit a budget before a project closes. Sage Intacct project accounting handles both: it manages your general ledger and project-level financials in the same system.

Sage Intacct project accounting lets you separate billing from revenue recognition, so you can recognise revenue as performance obligations are met under AASB 15 – Australia’s standard for revenue from contracts with customers. Whether you use fixed price, time and materials, milestone or percentage completion methods, Sage Intacct automatically calculates and posts revenue recognition entries based on the rules you define, reducing manual journal entries and giving you accurate project profitability reporting at every stage.

Yes. Sage Intacct project accounting software includes time tracking, expense management and resource scheduling built directly into the platform. Employees can submit timesheets and expenses against specific projects, tasks or grants, and managers get real-time visibility into hours worked, billable vs non-billable time, and budget consumption. This data feeds directly into project billing and profitability reporting – no separate timesheet system or manual data transfer required.