Project-Based Accounting in Ultro ERP
Control costs. Recognise revenue. Measure project profitability.
Ultro’s Project-Based Accounting delivers financial clarity across individual projects & portfolios — from commitment tracking to percentage-of-completion revenue recognition, tailored to complex contracting models.
Accounting Built Around Projects, Not Just Ledgers
Ultro’s Project-Based Accounting module aligns accounting practices with project operations so finance, project controls & delivery teams share a single source of truth. Track commitments, costs, billing, and revenue recognition per project — with audit trails and configurable rules that match your contracts.
Whether you run fixed-price, time-and-materials, milestone billing, or hybrid contracts, Ultro supports flexible recognition methods, automated invoicing, change order accounting, and accurate profitability reporting that helps you make decisions faster.
Commitment & Purchase Order Linking
Connect purchase orders, subcontract agreements & change orders directly to project budgets so committed spend is visible before it hits actuals.
Flexible Revenue Recognition
Support percentage-of-completion, milestone, and completed-contract methods with configurable recognition triggers and regulatory-compliant reporting.
Integrated Timesheets & Cost Capture
Sync timesheets, expense claims & equipment usage to projects for accurate labor and overhead allocation — in near real-time.
Project Profitability & Forecasting
Dashboards and variance analysis help you track earned margin, burn rates, and forecast outcomes — enabling corrective actions before overruns become losses.
Key Features of Ultro Project-Based Accounting
Committed Costs & Encumbrance
Track commitments from requisitions & purchase orders to prevent budget overruns before invoices are posted.
Project Billing & Invoicing
Support milestone, progress-based, and time-and-materials billing with automatic invoice generation and retention handling.
Change Order & Variation Accounting
Capture scope changes, re-price affected BOQs, and update budgets & forecasts with traceable approvals.
Cost Allocation & Overhead Apportionment
Configurable allocation rules ensure indirect costs and overheads are applied consistently across projects and phases.
EVM & Financial Reporting
Built-in Earned Value calculations and financial reports give stakeholders a single view of performance and profitability.
Audit Trail & Compliance
Maintain source documents, approvals & posting history to meet audit and regulatory requirements.
Turn Project Data into Trusted Financials
Align project operations with accounting so finance teams can close faster, and project teams can act earlier on cost signals.
Benefits of Project-Based Accounting
Clearer finance, confident delivery.
Faster & Accurate Financial Close
Automated allocations, prebuilt reports & consistent mappings speed up month-end close for project portfolios.
Transparent Profitability
See true project margins by job, phase & cost category to inform commercial decisions and pricing strategies.
Regulatory & Contract Compliance
Configurable recognition rules and retained document trails help you meet contract and accounting standards.
Seamless Cross-Module Integration
Workflows between procurement, timesheets, payroll & project controls keep financials aligned with operational reality.
Real-Time Financial Insights
Live dashboards and alerts surface cost trends, enabling proactive management of at-risk projects.
Cross-Functional Collaboration
A single financial source of truth improves collaboration between finance, project controls & delivery teams.
Configurable for Complex Contracts
Support for hybrid contracts, multiple revenue triggers & localization settings for global operations.
Project Accounting At A Glance
- ✔ Commitments, POs & subcontract costs tied to budgets
- ✔ Multiple revenue recognition methods (POC, milestone, completed contract)
- ✔ Timesheet & expense mapping to cost codes
- ✔ Change order accounting with traceable approvals
- ✔ Earned Value & financial variance dashboards
- ✔ Automated invoice, retention & payment handling
- ✔ Audit-ready postings & exportable financial packs
- ✔ APIs for ERP, payroll & tax system integrations
Ready to Close Projects with Confidence?
Book a personalised walkthrough to see how Ultro’s Project-Based Accounting reduces close time, improves profitability visibility & keeps auditors happy.
What you will get
Accurate project P&L & balance sheets
Faster month-end & audit readiness
Integration with procurement & timesheets
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