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Actual accounting software doesn't care about projects. You get a $10k invoice - now the question is what projects is it related to, what amounts...
by throwaway11460 3y ago
Actual accounting software doesn't care about projects. You get a $10k invoice - now the question is what projects is it related to, what amounts...
- sdf4j 3y agothat’s not true. Serious accounting software let you assign an invoice to a project, program, cost center, groups… you can even do that on at the invoice item level.
- ska 3y agoActual accounting software is double entry. You’ll move that invoice through AP, and the balancing transactions will be split by project/type/etc by a combination of accounts and perhaps labels/tags.
- steve1977 3y agoActual accounting software can certainly care about that. This is called operational or cost accounting (vs financial accounting, which would be accounts payable etc.)