What is professional services ERP?

Professional services ERP is business software that connects project accounting, time and expense, billing, revenue recognition, and financial reporting in one system, so firms can see project and company results without combining separate tools.

What should professional services accounting software include?

Professional services accounting software should connect project costs, time and expenses, billing, revenue recognition, unbilled work, and financial reporting so finance can understand both project performance and company results.

How does Acumatica track project costs and profitability?

Acumatica records labor, expenses, and commitments against projects, phases, and tasks and compares them to budget. Because billing and revenue are in the same system, finance can review project margin while the engagement is still underway.

Can Acumatica work with an existing project-management or PSA system?

Yes. If your team already uses a project management, PSA, or resource planning tool, Acumatica can serve as the financial ERP behind it, handling project costs, billing, receivables, and financial reporting. The connection approach depends on the systems and requirements involved.

INDUSTRY SOLUTIONS · PROFESSIONAL SERVICES

Acumatica ERP for Professional Services Firms

Connect Project Accounting, Billing, and Financial Reporting

Acumatica connects professional services accounting with project accounting, time and expenses, billing, and general ledger in one system.

Milestone helps professional services firms configure Acumatica around how you scope, staff, bill, and report on client work.

Acumatica is the platform. Milestone Information Solutions makes it work for your business.

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Why It Matters

Keep Project Delivery and Finance Connected

Client work creates financial questions long before an engagement is finished. Connect project costs, time, billing, and reporting so finance and project leaders can understand performance while work is underway.

Project Profitability

Understand how project costs compare with budgets and where margins need attention.

Time & Expenses

Keep billable time and expenses connected to the client work that generated them.

Billing & Unbilled Work

See what has been billed, what remains unbilled, and what needs review before invoicing.

Financial Reporting

Bring project results into company reporting without rebuilding the financial picture each month.

Connected Project Financials

From Project Activity to Financial Results

Acumatica connects the financial side of client work, from project setup and cost capture through billing and reporting.

Project Setup & Budgets

Time & Expenses

Billing & Revenue

Financial Reporting

Project costs, billing, and revenue stay connected with the general ledger, so finance can report on project and company results from the same system.

What Acumatica Supports

Manage the Financial Side of Client Work

Acumatica connects the financial processes that shape project margin with the accounting and reporting your firm relies on.

Project Accounting

Set up projects with phases, tasks, budgets, and cost codes, then record labor, expenses, and commitments against them.

Time & Expense

Enter timecards and expense receipts from web or mobile, with approvals before entries post to projects.

Flexible Billing

Set billing rules by project for time and materials, fixed fee, milestone, and retainer arrangements, then create invoices from approved activity.

Revenue Recognition

Support revenue-recognition processes based on configured schedules, project terms, and your firm’s accounting requirements, with deferred balances tracked in the ERP.

Budget Revisions & Scope Changes

Revise project budgets and manage approved scope changes while keeping the original budget available for comparison.

Multi-Entity & Intercompany

Manage multiple offices or entities in one system, with intercompany transactions and consolidated reporting when your firm needs them.

Learn more: Project Accounting · Expense Management · Accounts Receivable · Financial Management

Where It Fits

The Financial ERP Behind Your Projects

Many firms use specialized tools for tasks, schedules, collaboration, or resource planning. Acumatica can serve as the financial system behind them, so you do not have to replace every operational tool.

Your Project Tools

Tasks and schedules
Collaboration
Resource planning
Day-to-day project activity

Acumatica

Project accounting
Costs and commitments
Time and expense
Billing and receivables
WIP and unbilled work
Financial reporting

How your project tools connect with Acumatica depends on the systems and requirements involved. Milestone helps you choose the approach that fits.

Why Milestone

A Finance-First Acumatica Partner for Services Firms

Milestone helps configure project structures, billing rules, revenue-recognition processes, and project reporting around how your firm delivers client work. We connect that activity to the general ledger so finance can review project performance and company results within a consistent financial structure.

Project & Billing Setup

Configure project structures, budgets, cost codes, billing rules, and revenue recognition around your engagement types.

Financial Structure & Reporting

Design the chart of accounts, entities, and reporting your leadership team needs to review project and company results.

Implementation, Training & Support

Guide data migration, testing, training, and go-live, then stay involved with ongoing support.

30+

Years ERP Experience

10+

Years With Acumatica

GOLD

Acumatica Certified Partner

How It Works

A Clear Path to Evaluating Acumatica

We start by understanding how your firm works, then show Acumatica around the processes that matter most to your business.

STEP 01

Free Discovery Conversation

We talk through your business, what you need from a new system, and what is not working well today.

STEP 02

Free Tailored Acumatica Demo

We tailor the demo to your business, showing how Acumatica could support your projects, billing, reporting, and financial processes.

STEP 03

Review Scope & Next Steps

If Acumatica looks like the right fit, we review software and implementation costs, project scope, timing, and what moving forward looks like.