Envisage Cloud Blog

Project Accounting v Excel

Posted by Sinead Hayes on May 23, 2016 10:00:00 AM

Which one is better a Project Accounting System or Excel?

We are big fans of Project Accounting and having proper systems in place for Project Managers to manage everything project-related, but the age-old debate of whether Excel is in fact a better tool continues. Some organisations just LOVE Excel, not just for Project Accounting either, but for everything!

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Topics: Projects

Controlling Project Costs

Posted by Ray Ryan on May 19, 2016 10:00:00 AM

6 Great Tips to help you keep tighter control on your project costs

 

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Topics: Projects

How to find the right Project Accounting system?

Posted by Sinead Hayes on May 17, 2016 12:00:00 PM

Top 10 tips for selecting a Project Accounting System

Once you start to experience some of the following symptoms, then perhaps it's time to look for a project accounting system...

  • Project budget over-runs
  • Lack of project controls
  • Ad hoc processes 
  • Slow and time consuming timesheets
  • Slow and time consuming expense submissions
  • Heavy manual data entry workload
  • Too many manual Excel calculations
  • Questionable project accuracies (due to ad hoc processes)
  • Month end headaches

So, once you've come to this realisation, where's the best place to start your search? How should you go about finding a Project Accounting system? We have taken away some of the hard work and have created a simple guide with our top 10 tips to help you go through the process from identifying your key objectives through to narrowing down your selection of possible vendors.

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Topics: Projects

Gathering Project Time and Expenses quickly

Posted by Sinead Hayes on Mar 30, 2016 10:30:00 AM


Project Time and Expenses 

Let's say you're the Project Manager in a company and you have a team of people working away on projects. It's now the end of the month and the Financial Director is jumping down your throat looking for your teams' time & expenses. It's the same story month after month. Late entries, missing entries, illegible entries. 

What can you do to motivate your team to get moving and get their time & expenses in on time??

 

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Topics: Projects

Project Costing made simple

Posted by Ray Ryan on Feb 19, 2016 11:00:00 AM

Using the right tools for the job 

I have seen countless situations where Project Managers are Financial Controllers are literally pulling their hair out because they are continuously chasing their tails to keep track of everything. Have I missed anything, am I waiting on expenses and timesheets, did my suppliers all send in their invoices? How can I be sure I have got the right picture of the costs and profitability? It's a lot to deal with if you don't have an organised way of keeping track of everything. 

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Topics: Projects