Intelligent Cloud-Based Project Cost Management Solution to Keep Your Business On Track

Optimise Your Project Workflow with MYOB Advanced Project Cost Management

Effortlessly manage complex projects with MYOB’s comprehensive project cost management solution, providing a complete view of all project-related costs. Ideal for services like engineering, manufacturing, mining and mining services, not-for-profits and professional services, it ensures financial transparency and efficiency.

Address Key Challenges in Your Project Management Business

MYOB Advanced Project and Job Costing assists you in managing the most critical issues in your project management operations:

Real-time updates simplify tracking of expenditures, employee time, subcontractors, materials, and inventory.

Track projects of different sizes, currencies, or languages through convenient data entry and information access.

Minimise costs and align operations with changing market conditions and customer requirements.

Optimise workflows and provides robust revenue tracking to augment productivity and profitability.

MYOB Advanced Business Enterprise offers solutions for project budgeting and provides the flexibility to access and submit timesheets and work orders from any location and device.

Why Choose MYOB Advanced Project & Job Costing?

Experience the advantages of a comprehensive, scalable, and adaptable project management solution with MYOB Advanced Project and Job Costing. This platform is designed to streamline your operations, increase efficiency, and optimise resources, providing you with the competitive edge in the rapidly evolving project management industry.

Discover the MYOB Advanced Solution for Project Cost Management Advantage

Automatically track project costs and budget in a system that seamlessly integrates with your financials. You can populate certain projects with employees, resources, and equipment, and you can even associate documents with specific projects for comprehensive management.

  • Resource Management
    Establish billing rules and assign resources to projects and tasks, including project managers, employees and machines.
  • Allocate Expenses
    Create formulas that include billable and non-billable items and allow you to allocate shared and overhead expenses to individual projects.
  • Task Definition
    Generate expected revenue in project budgets by defining tasks to individual projects or globally, and assign billing rates by individual, job role, or project.
  • Templates for Projects and Tasks
    Use master templates to create new projects that specify the people, equipment, billing and budgets involved.
  • Easy to Update Tasks

    Fully integrated modules allow you to easily add activities through CRM or whilst in project. 

  • WIP Support
    Keep projects on budget and don’t lose track of expenditures by tracking accumulated un-billed costs.

Manage complex advanced billing scenarios and multiple variables at once -including fixed price, cost plus, milestone billing, contract specific pricing, and time & materials. You can then choose to modify rates by employee, account group, type of customer, project task and more.

 

  • Flexible Advanced Billing

    Easily handle complex billing rules with a flexible system built to manage your business needs. You can even use project-specific attributes to calculate project revenue.

  • Revenue Recognition

    Choose how best to recognise your revenue – based on percentage of project completion, or task completion. 

  • Fixed-Price and Cost-Plus Projects

    Experience flexibility in your invoicing, with options between fixed price or cost-plus dependent on the project and contract requirements. You can also cap billing on cost-based projects.

Ensure accurate client billing every time with simplified time and expense entry processes. Use the MYOB Advanced Business mobile app to manage entry and approvals anywhere, at any time – giving you more accuracy and control over your project time management and tracking.

 

  • Expense Claim Processing
    Submit expense claims with attached receipts and supporting documents – all via your mobile app. Send claims through a predefined approval process and see all your transactions reflected in your software.
  • Easy Mobile Entry
    Allow employees and contractors to record time and expenses via the mobile app and choose to route reports to a manager’s device for approvals. Employees and contractors can even attach photo receipts of their expenses.
  • Customer, Contract, and Project Time Tracking

    Specialists for specific implementation roles under the direction of the lead consultant, involved for all or part of the project.

Maintain all the necessary information about the equipment that your company uses to perform services and equipment for which service is needed. You can enter the information about each piece of equipment, such as its serial number, registration information, manufacturing information, purchase information, components and warranty information, owner, and location.

MYOB Advanced Business Enterprise
Project Cost Management Resources

Learn more about the technology your business needs to stay ahead with these downloadable factsheets.

Learn more about MYOB Advanced Solution for
Project Cost Management

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Get Started with MYOB Advanced Project and Job Costing

Ready to revitalise your project management processes and stay ahead of the competition? Contact us today to learn more about MYOB Advanced Solution for Project and Job Cost Management and how it can benefit your business.

Our team of experts is ready to help you explore the possibilities and
identify the best solution for your unique needs. Don’t let another day go by without experiencing the power of MYOB Advanced Advanced Business Enterprise – get started now!

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The webinar is scheduled for August 18, 2023, from 10am to 11am Perth Time. 

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