{"id":127540,"date":"2025-01-27T00:00:00","date_gmt":"2025-01-27T08:00:00","guid":{"rendered":"https:\/\/clickup.com\/blog\/?p=127540"},"modified":"2025-02-04T11:43:59","modified_gmt":"2025-02-04T19:43:59","slug":"project-accounting-software","status":"publish","type":"post","link":"https:\/\/clickup.com\/blog\/project-accounting-software\/","title":{"rendered":"Top 10 Project Accounting Software to Maximize Project ROI in [year]"},"content":{"rendered":"<p>The ultimate goal of any business is to return investment and generate profit. To do so, it has to manage finances impeccably. That\u2019s where <a href=\"https:\/\/clickup.com\/blog\/project-accounting\/\">project accounting<\/a> comes into the picture. ?<\/p>\n<p>However, accounting is easier said than done\u2014it\u2019s one of the most error-prone jobs in the world.\u00a0<\/p>\n<p>Fortunately, that has changed considerably in the last few years with the emergence of <strong>project accounting software<\/strong>. These tools have simplified project accounting through graphical user interface (GUI) and automation. They also provide budgeting and forecasting-based features to help businesses make <a href=\"https:\/\/clickup.com\/blog\/predictive-analytics-software\/\">data-driven financial decisions<\/a> about their projects.\u00a0<\/p>\n<p>Let\u2019s review the<strong> top 10 project accounting software<\/strong>, analyze their strengths and weaknesses, and explore how they can help your business grow. ?<\/p>\n<div class=\"ub_table-of-contents\" data-hidetext=\"hide\" data-initiallyhideonmobile=\"false\" data-initiallyshow=\"true\" data-scrolltype=\"auto\" data-showtext=\"show\" id=\"ub_table-of-contents-bc5fed56-3068-4c62-b780-915beb4c97fd\">\n<div class=\"ub_table-of-contents-header-container\">\n<div class=\"ub_table-of-contents-header\">\n<div class=\"ub_table-of-contents-title\">Top 10 Project Accounting Software to Maximize Project ROI in 2024<\/div>\n<\/div>\n<\/div>\n<div class=\"ub_table-of-contents-extra-container\">\n<div class=\"ub_table-of-contents-container ub_table-of-contents-1-column\">\n<ul>\n<li><a href=\"https:\/\/clickup.com\/blog\/project-accounting-software\/#0-what-should-you-look-for-in-the-best-project-accounting-software\">What Should You Look for in the Best Project Accounting Software?<\/a><\/li>\n<li><a href=\"https:\/\/clickup.com\/blog\/project-accounting-software\/#1-top-10-project-accounting-software-to-use-in-2024\">Top 10 Project Accounting Software to Use in 2024<\/a>\n<ul>\n<li><a href=\"https:\/\/clickup.com\/blog\/project-accounting-software\/#2-1-clickup-\">1. ClickUp<\/a><\/li>\n<li><a href=\"https:\/\/clickup.com\/blog\/project-accounting-software\/#7-2-netsuite\">2. NetSuite<\/a><\/li>\n<li><a href=\"https:\/\/clickup.com\/blog\/project-accounting-software\/#12-3-freshbooks\">3. Freshbooks<\/a><\/li>\n<li><a href=\"https:\/\/clickup.com\/blog\/project-accounting-software\/#17-4-certinia-formerly-financialforce\">4. Certinia (formerly FinancialForce)<\/a><\/li>\n<li><a href=\"https:\/\/clickup.com\/blog\/project-accounting-software\/#22-5-runn\">5. Runn<\/a><\/li>\n<li><a href=\"https:\/\/clickup.com\/blog\/project-accounting-software\/#27-6-forecast\">6. Forecast<\/a><\/li>\n<li><a href=\"https:\/\/clickup.com\/blog\/project-accounting-software\/#32-7-paymo\">7. Paymo<\/a><\/li>\n<li><a href=\"https:\/\/clickup.com\/blog\/project-accounting-software\/#37-8-meisterplan\">8. Meisterplan<\/a><\/li>\n<li><a href=\"https:\/\/clickup.com\/blog\/project-accounting-software\/#42-9-kantata-formerly-mavenlink\">9. Kantata (formerly Mavenlink)<\/a><\/li>\n<li><a href=\"https:\/\/clickup.com\/blog\/project-accounting-software\/#47-10-sage\">10. Sage<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\" id=\"0-what-should-you-look-for-in-the-best-project-accounting-software\">What Should You Look for in the Best Project Accounting Software?<\/h2>\n<p>Project accounting is quite different from general financial accounting, as it focuses more on project health than a company\u2019s taxation and compliance. To do its job well, your project accounting software should have the following unique features:<\/p>\n<ol>\n<li><strong>Phase-wise tracking of project costs: <\/strong>A project goes through multiple stages and incurs costs throughout the process. To fully understand the impact of these costs on your project, the software should allow phase-wise or stage-wise tracking of project-related costs<\/li>\n<li><strong>Time tracking: <\/strong>This functionality allows your teammates to log the number of hours they worked on a specific project. It\u2019s crucial for keeping track of wage costs on project level<\/li>\n<li><strong>Project-specific reporting: <\/strong>Great accounting software also provides robust reporting features to generate and export financial reports, allowing for a clear overview of all project-related costs<\/li>\n<li><strong>Integrations:<\/strong><strong> <\/strong>If your project accounting software can integrate with general accounting software, it can significantly streamline the work of the accounting team. Similarly, it should integrate with project management apps to easily sync relevant data and work progress\u00a0<\/li>\n<li><strong>Budgeting and forecasting: <\/strong>Having these options in your project accounting software allows you to plan ahead and get a general idea of your future project development<\/li>\n<\/ol>\n<h2 class=\"wp-block-heading\" id=\"1-top-10-project-accounting-software-to-use-in-2024\">Top 10 Project Accounting Software to Use<\/h2>\n<p>While there are hundreds of <a href=\"https:\/\/clickup.com\/blog\/accounting-project-management-software\/\">project accounting solutions<\/a>, only a few pass the above criteria. We analyzed the available options, what they offer, and what they\u2019re missing to compile this top 10 project accounting software list. Let\u2019s see who made the cut! ?<\/p>\n<h3 class=\"wp-block-heading\" id=\"2-1-clickup-\">1. <a href=\"https:\/\/clickup.com\">ClickUp<\/a><\/h3>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img alt=\"Manual time tracking in ClickUp\" class=\"wp-image-48302\" decoding=\"async\" height=\"497\" loading=\"lazy\" src=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2022\/12\/manual-time-tracking.gif\" width=\"960\"\/><figcaption class=\"wp-element-caption\">Record time as you go or enter it manually with time tracking in ClickUp <\/figcaption><\/figure>\n<\/div>\n<p>ClickUp offers a whole lot of project management features, including those designed for project accounting. It starts with <a href=\"https:\/\/clickup.com\/features\/project-time-tracking\"><strong>ClickUp Time Tracking<\/strong><\/a>, which allows your team members to track and log the time they\u2019re investing in completing tasks.\u00a0<\/p>\n<p>The tracking process is super easy\u2014you click a button to start tracking. Once a task has been completed, you or your team member stop the time, which is automatically added to the selected task. Your team members can mark the time entry as <em>Billable<\/em> to invoice it or even leave a comment if anything is out of the ordinary. \u23f2\ufe0f<\/p>\n<p>In addition to time tracking, follow your project progress using milestones. With <a href=\"https:\/\/help.clickup.com\/hc\/en-us\/articles\/6304458574615-Milestones\"><strong>ClickUp Milestones<\/strong><\/a>, you can mark specific tasks within a project, and as you finish them, the project progress and task statuses update automatically. You can define custom task and project statuses or choose one of the default ones like:\u00a0<\/p>\n<ul>\n<li>On track<\/li>\n<li>Delayed\u00a0<\/li>\n<li>In progress<\/li>\n<li>Pending<\/li>\n<\/ul>\n<p>As your team members finish various tasks and log their time entries, it may become a bit tedious to analyze them. Not with <a href=\"https:\/\/clickup.com\/teams\/accounting\"><strong>ClickUp Accounting<\/strong><\/a>\u2014its unique <strong>Table view<\/strong> lets you analyze multiple time entries simultaneously.<strong>\u00a0<\/strong><\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img alt=\"ClickUp 3.0 Table view Simplified\" class=\"wp-image-107501\" decoding=\"async\" height=\"934\" loading=\"lazy\" sizes=\"auto, (max-width: 1400px) 100vw, 1400px\" src=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/10\/ClickUp-3.0-Table-view-Simplified-1400x934.png\" srcset=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/10\/ClickUp-3.0-Table-view-Simplified-1400x934.png 1400w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/10\/ClickUp-3.0-Table-view-Simplified-300x200.png 300w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/10\/ClickUp-3.0-Table-view-Simplified-768x513.png 768w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/10\/ClickUp-3.0-Table-view-Simplified-1536x1025.png 1536w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/10\/ClickUp-3.0-Table-view-Simplified-700x467.png 700w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/10\/ClickUp-3.0-Table-view-Simplified.png 1870w\" width=\"1400\"\/><figcaption class=\"wp-element-caption\">Organize, sort, and filter tasks in the ClickUp 3.0 Table View to gain insights faster across all your work<\/figcaption><\/figure>\n<\/div>\n<p>Table view<strong> <\/strong>takes spreadsheets to the next level<strong> <\/strong>by allowing you to link tasks, team members, and even documents within the cells, building a visual and interactive database of work done.\u00a0<\/p>\n<p>You and your team members can easily update the cells and add notes, time entries, task statuses, costs, and other details for each task. You can then analyze your financial data before making the transactions. ?<\/p>\n<p>ClickUp can also significantly streamline client reporting as it lets you create client dashboards. With <a href=\"https:\/\/clickup.com\/features\/dashboards\"><strong>ClickUp Dashboards<\/strong><\/a>, you can add widgets for reporting, invoicing, payment reminders, and much more. Once you\u2019re happy with the results, send it to the respective client through a shareable link.\u00a0<\/p>\n<h4 class=\"wp-block-heading\" id=\"3-clickup-best-features\">ClickUp best features<\/h4>\n<ul>\n<li>Dedicated feature set for accounting<\/li>\n<li>Time tracking<\/li>\n<li>Client dashboards<\/li>\n<li>Versatile spreadsheets in the form of Table view<\/li>\n<li>Numerous ready-made templates including the <a href=\"https:\/\/clickup.com\/templates\/accounting-t-102458299\">ClickUp Accounting Template<\/a> to assist with financial reporting and <a href=\"https:\/\/clickup.com\/blog\/business-plan-templates\/\">business planning<\/a><\/li>\n<li>Project milestones<\/li>\n<li>Automations and reminders<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"4-clickup-limitations\">ClickUp limitations<\/h4>\n<ul>\n<li>Can be initially overwhelming for first-time users<\/li>\n<li>Feature variety may be too complex for independent contractors<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"5-clickup-pricing\">ClickUp pricing<\/h4>\n<ul>\n<li><strong>Free Forever<\/strong><\/li>\n<li><strong>Unlimited: <\/strong>$7\/month per user<\/li>\n<li><strong>Business: <\/strong>$12\/month per user<\/li>\n<li><strong>Enterprise:<\/strong> Pricing available on request<\/li>\n<li><strong>ClickUp Brain: <\/strong>Available on all paid plans for $5\/Workspace member\/month<\/li>\n<\/ul>\n<p><em>*All listed prices refer to the yearly billing model<\/em><\/p>\n<h4 class=\"wp-block-heading\" id=\"6-clickup-ratings-and-reviews\">ClickUp ratings and reviews<\/h4>\n<ul>\n<li><strong>G2:<\/strong> 4.7\/5 (9,000+ reviews)<\/li>\n<li><strong>Capterra:<\/strong> 4.7\/5 (3,000+ reviews)<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\" id=\"7-2-netsuite\">2. NetSuite<\/h3>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img alt=\"Oracle NetSuite Budget vs. Actuals\" class=\"wp-image-127549\" decoding=\"async\" height=\"559\" loading=\"lazy\" sizes=\"auto, (max-width: 1100px) 100vw, 1100px\" src=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/NetSuite.png\" srcset=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/NetSuite.png 1100w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/NetSuite-300x152.png 300w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/NetSuite-768x390.png 768w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/NetSuite-700x356.png 700w\" style=\"aspect-ratio:1.9677996422182469;width:840px;height:auto\" width=\"1100\"\/><figcaption class=\"wp-element-caption\">Via: <a href=\"https:\/\/www.netsuite.com\/portal\/home.shtml\" rel=\"noreferrer noopener nofollow\" target=\"_blank\">Oracle NetSuite<\/a><\/figcaption><\/figure>\n<\/div>\n<p>Oracle\u2019s NetSuite is a full-fledged enterprise resource planning (ERP) suite that helps businesses <a href=\"https:\/\/clickup.com\/blog\/operations-management-software\/\">manage their operations<\/a>, plan, and <a href=\"https:\/\/clickup.com\/blog\/resource-utilization\/\">utilize resources<\/a>. It comes with<strong> SuiteProjects<\/strong>\u2014project accounting software that helps companies manage expenses, profitability, and budgets at the project level with in-depth reporting. ?<\/p>\n<p>It also allows you to quickly analyze and compare the actual expenses against the budget and profitability against the forecast, known as<strong> forecast tracking<\/strong>.\u00a0<\/p>\n<p>Easy-to-understand graphs and reports make it simple to interpret data. At the same time, its integration with NetSuite Cloud Accounting automatically ties all your transactions to a general ledger entry.<\/p>\n<p>SuiteProjects also has built-in invoicing support, allowing you to create and send recurring invoices. Finally, dashboards and reports <a href=\"https:\/\/clickup.com\/blog\/workflow-optimization\/\">optimize your workflow<\/a> and make sharing project financials and other information with relevant stakeholders easy.\u00a0<\/p>\n<h4 class=\"wp-block-heading\" id=\"8-netsuite-best-features\">NetSuite best features<\/h4>\n<ul>\n<li>Multi-project accounting with dedicated spaces<\/li>\n<li>Integration with NetSuite Cloud Accounting and NetSuite ERP software<\/li>\n<li>Forecast tracking<\/li>\n<li>Budget-vs-Actuals expense analysis<\/li>\n<li>Invoicing with support for automated recurring invoices<\/li>\n<li>Custom dashboards and reports<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"9-netsuite-limitations\">NetSuite limitations<\/h4>\n<ul>\n<li>UI can be a bit intimidating\u00a0<\/li>\n<li>May be too expensive for average users<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"10-netsuite-pricing\">NetSuite pricing<\/h4>\n<ul>\n<li>Pricing available on request<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"11-netsuite-ratings-and-reviews\">NetSuite ratings and reviews<\/h4>\n<ul>\n<li><strong>G2: <\/strong>4\/5 (2,800+ reviews)<\/li>\n<li><strong>Capterra: <\/strong>4.1\/5 (1,400+ reviews)<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\" id=\"12-3-freshbooks\">3. Freshbooks<\/h3>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img alt=\"Freshbooks Dashboard\" class=\"wp-image-127546\" decoding=\"async\" height=\"668\" loading=\"lazy\" sizes=\"auto, (max-width: 1164px) 100vw, 1164px\" src=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Freshbooks.png\" srcset=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Freshbooks.png 1164w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Freshbooks-300x172.png 300w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Freshbooks-768x441.png 768w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Freshbooks-700x402.png 700w\" width=\"1164\"\/><figcaption class=\"wp-element-caption\">Via: <a href=\"https:\/\/www.freshbooks.com\/\" rel=\"noreferrer noopener nofollow\" target=\"_blank\">Freshbooks<\/a><\/figcaption><\/figure>\n<\/div>\n<p>Freshbooks brings a <em>fresh <\/em>approach to accounting software. It allows you to manage the accounts of multiple projects, while a highly polished UI makes the sometimes tedious accounting job more fun and engaging. \u2728<\/p>\n<p><strong>Time tracking functionality <\/strong>lets you log the time spent on any project, which you can then add to invoices. You can choose a template and design professional-looking invoices in minutes.\u00a0<\/p>\n<p>Expense tracking is just as easy:\u00a0<\/p>\n<ol>\n<li>Collect all your bills<\/li>\n<li>Take pictures of them<\/li>\n<li>Upload them to Freshbooks<\/li>\n<\/ol>\n<p>The platform will automatically extract the expense amount, date, and vendor details. Then, you can start budgeting, as the <strong>budget tracking functionality <\/strong>helps ensure your expenses don\u2019t go out of control.\u00a0<\/p>\n<h4 class=\"wp-block-heading\" id=\"13-freshbooks-best-features\">Freshbooks best features<\/h4>\n<ul>\n<li>Integrates with project management apps like Asana, Basecamp, etc.<\/li>\n<li>Time and budget tracking<\/li>\n<li>Invoice and <a href=\"https:\/\/clickup.com\/blog\/bookkeeping-templates\/\">bookkeeping templates<\/a><\/li>\n<li>Automated payment reminders and collection management<\/li>\n<li>Integrated payment solutions for invoice payments<\/li>\n<li>Expense recording with photos and emails<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"14-freshbooks-limitations\">Freshbooks limitations<\/h4>\n<ul>\n<li>Receipt scanning to log expenses feature may lag<\/li>\n<li>The app may not be scalable for small businesses<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"15-freshbooks-pricing\">Freshbooks pricing<\/h4>\n<ul>\n<li><strong>Lite: <\/strong>$4.25\/month<\/li>\n<li><strong>Plus:<\/strong> $7.50\/month<\/li>\n<li><strong>Premium: <\/strong>$13.75\/month<\/li>\n<li><strong>Select: <\/strong>Pricing available on request<\/li>\n<\/ul>\n<p><em>*All listed prices refer to the yearly billing model<\/em><\/p>\n<h4 class=\"wp-block-heading\" id=\"16-freshbooks-ratings-and-reviews\">Freshbooks ratings and reviews<\/h4>\n<ul>\n<li><strong>G2: <\/strong>4.5\/5 (650+ reviews)<\/li>\n<li><strong>Capterra: <\/strong>4.5\/5 (4,300+ reviews)<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\" id=\"17-4-certinia-formerly-financialforce\">4. Certinia (formerly FinancialForce)<\/h3>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img alt=\"Certinia Project Accounting\" class=\"wp-image-127544\" decoding=\"async\" height=\"601\" loading=\"lazy\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" src=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Certinia.png\" srcset=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Certinia.png 1280w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Certinia-300x141.png 300w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Certinia-768x361.png 768w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Certinia-700x329.png 700w\" width=\"1280\"\/><figcaption class=\"wp-element-caption\">Via: <a href=\"https:\/\/certinia.com\/\" rel=\"noreferrer noopener nofollow\" target=\"_blank\">Certinia<\/a><\/figcaption><\/figure>\n<\/div>\n<p>Certinia is part of the Salesforce software family, so it\u2019s a given that it integrates very well with its \u201cfamily members.\u201d For instance, it can fetch your customers from Salesforce CRM, so you don\u2019t have to add them manually.\u00a0<\/p>\n<p>It allows you to manage the accounts of all your projects and track the revenue as well as costs during various stages of your project\u2019s lifecycle. <strong>Real-time tracking of planned revenue<\/strong> and project finances lets you analyze project profitability, expenses, and other financials.\u00a0<\/p>\n<p>And thanks to integration with Certinia\u2019s Accounting, all your transactions are automatically synchronized to <a href=\"https:\/\/clickup.com\/blog\/general-ledger-templates\/\">general ledger<\/a> entries. ?<\/p>\n<p>Finally, it also allows <strong>forecasting of financials <\/strong>and tracking the forecast based on transactions and data available in your accounts, as well as Salesforce CRM. This can come in handy to predict your cash flows, profitability, and other financials.\u00a0<\/p>\n<h4 class=\"wp-block-heading\" id=\"18-certinia-best-features\">Certinia best features<\/h4>\n<ul>\n<li>Salesforce integration<\/li>\n<li>Multi-stage tracking of project finances<\/li>\n<li>Track planned revenue<\/li>\n<li>Project budgeting and budget tracking<\/li>\n<li>Forecasting and forecast tracking<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"19-certinia-limitations\">Certinia limitations<\/h4>\n<ul>\n<li>Loading takes a long time for some users<\/li>\n<li>Data visualization tools sometimes fail to show the latest data<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"20-certinia-pricing\">Certinia pricing<\/h4>\n<ul>\n<li>Pricing available on request<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"21-certinia-ratings-and-reviews\">Certinia ratings and reviews<\/h4>\n<ul>\n<li><strong>G2: <\/strong>4.1\/5 (1,100+ reviews)<\/li>\n<li><strong>Capterra: <\/strong>3.8\/5 (40+ reviews)<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\" id=\"22-5-runn\">5. Runn<\/h3>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img alt=\"Runn Project Accounting Software\" class=\"wp-image-127551\" decoding=\"async\" height=\"629\" loading=\"lazy\" sizes=\"auto, (max-width: 1400px) 100vw, 1400px\" src=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Runn-1400x629.png\" srcset=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Runn-1400x629.png 1400w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Runn-300x135.png 300w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Runn-768x345.png 768w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Runn-1536x690.png 1536w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Runn-700x315.png 700w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Runn.png 1920w\" width=\"1400\"\/><figcaption class=\"wp-element-caption\">Via: <a href=\"https:\/\/www.runn.io\/\" rel=\"noreferrer noopener nofollow\" target=\"_blank\">Runn<\/a><\/figcaption><\/figure>\n<\/div>\n<p>Runn is primarily a resource management software, but it comes with some useful project accounting features. It has a <strong>planning and budgeting functionality <\/strong>to allocate financial resources for various expenses and goals related to your projects.\u00a0<\/p>\n<p>Track plans<strong> <\/strong>against your specified budget to ensure you don\u2019t overspend. Time tracking functionality is also there to track the time scheduled or already spent by your team members on a particular project, along with its cost. ?<\/p>\n<p>But perhaps the best part of Runn is its ability to <strong>add tentative projects<\/strong>. Use the feature to add projects currently under negotiation to your project plan. Once added, Runn can visually show you how those projects will affect your financial standing if confirmed.\u00a0<\/p>\n<h4 class=\"wp-block-heading\" id=\"23-runn-best-features\">Runn best features<\/h4>\n<ul>\n<li>Dedicated spaces for multiple projects<\/li>\n<li>Planning for tentative projects<\/li>\n<li>Time tracking<\/li>\n<li>Budgeting and planning<\/li>\n<li>Forecasting<\/li>\n<li>Reporting features with customizable metrics<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"24-runn-limitations\">Runn limitations<\/h4>\n<ul>\n<li>Custom integrations may take some time to set up<\/li>\n<li>Some permission levels are unavailable<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"25-runn-pricing\">Runn pricing<\/h4>\n<ul>\n<li><strong>Free<\/strong><\/li>\n<li><strong>Pro:<\/strong> $8\/month<\/li>\n<li><strong>Enterprise: <\/strong>Pricing available on request<\/li>\n<\/ul>\n<p><em>*All listed prices refer to the yearly billing model<\/em><\/p>\n<h4 class=\"wp-block-heading\" id=\"26-runn-ratings-and-reviews\">Runn ratings and reviews<\/h4>\n<ul>\n<li><strong>G2: <\/strong>4.5\/5 (1 review)<\/li>\n<li><strong>Software Advice:<\/strong> 4.8\/5 (20+ reviews)<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\" id=\"27-6-forecast\">6. Forecast<\/h3>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img alt=\"Forecast Budgeting Functionality\" class=\"wp-image-127545\" decoding=\"async\" height=\"653\" loading=\"lazy\" sizes=\"auto, (max-width: 1002px) 100vw, 1002px\" src=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Forecast.png\" srcset=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Forecast.png 1002w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Forecast-300x196.png 300w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Forecast-768x501.png 768w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Forecast-700x456.png 700w\" width=\"1002\"\/><figcaption class=\"wp-element-caption\">Via: <a href=\"https:\/\/www.forecast.app\/\" rel=\"noreferrer noopener nofollow\" target=\"_blank\">Forecast<\/a><\/figcaption><\/figure>\n<\/div>\n<p>Forecast has a handful of project accounting features, but collectively, they make for a very robust solution to keep track of your project finances.\u00a0<\/p>\n<p>It allows you to <strong>track project budgets in real time<\/strong> to identify what\u2019s costing you money and what\u2019s generating it. Its comprehensive reports also provide insight into where you\u2019re losing your money the most across your project portfolio so you can stop projects going overboard before they completely blow up your company\u2019s finances. ?<\/p>\n<p>Forecast integrates with QuickBooks and Xero, so all project transactions can be synced automatically to the central accounting software. Its <strong>AI-powered risk warnings<\/strong> let you know in advance when you\u2019re about to breach your budget limits.\u00a0<\/p>\n<h4 class=\"wp-block-heading\" id=\"28-forecast-best-features\">Forecast best features<\/h4>\n<ul>\n<li>Portfolio-level project tracking<\/li>\n<li>Smart and automated invoicing<\/li>\n<li>AI-powered budget forecasts and warnings<\/li>\n<li>Integrates with other accounting solutions like Xero and QuickBooks and project management solutions like Asana and Monday.com<\/li>\n<li>Time tracking<\/li>\n<li>Invoicing<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"29-forecast-limitations\">Forecast limitations<\/h4>\n<ul>\n<li>There may be a steep learning curve\u00a0<\/li>\n<li>Adding budgets to time and material projects is unavailable<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"30-forecast-pricing\">Forecast pricing<\/h4>\n<ul>\n<li><strong>Pro:<\/strong> Price available on request<\/li>\n<li><strong>Plus: <\/strong>Price available on request<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"31-forecast-ratings-and-reviews\">Forecast ratings and reviews<\/h4>\n<ul>\n<li><strong>G2: <\/strong>4.2\/5 (100+ reviews)<\/li>\n<li><strong>Capterra: <\/strong>4.5\/5 (60+ reviews)<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\" id=\"32-7-paymo\">7. Paymo<\/h3>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img alt=\"Project Overview in Paymo\" class=\"wp-image-127550\" decoding=\"async\" height=\"711\" loading=\"lazy\" sizes=\"auto, (max-width: 1400px) 100vw, 1400px\" src=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Paymo-1400x711.png\" srcset=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Paymo-1400x711.png 1400w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Paymo-300x152.png 300w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Paymo-768x390.png 768w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Paymo-1536x780.png 1536w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Paymo-700x355.png 700w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Paymo.png 1680w\" width=\"1400\"\/><figcaption class=\"wp-element-caption\">Via: <a href=\"https:\/\/www.paymoapp.com\/\" rel=\"noreferrer noopener nofollow\" target=\"_blank\">Paymo<\/a><\/figcaption><\/figure>\n<\/div>\n<p>Paymo may sound like someone asking you to <em>pay more. <\/em>But in reality, it helps you save money and earn more on your projects by providing features for:\u00a0<\/p>\n<ul>\n<li>Budgeting<\/li>\n<li>Expense tracking<\/li>\n<li>Profitability tracking\u00a0<\/li>\n<\/ul>\n<p>Paymo also provides time tracking and task-based billing methods for your team members. It supports<strong> over 85 currencies<\/strong> and 15 languages for invoicing, which gives it a unique edge over <a href=\"https:\/\/clickup.com\/blog\/paymo-alternatives\/\">Paymo alternatives<\/a>.<\/p>\n<p>Invoice templates make creating invoices significantly easy, while integrated payment processing makes it even easier for you to pay and get paid by your clients. ?\u00a0<\/p>\n<p>Finally, Paymo integrates with QuickBooks and Xero to synchronize your project expenses with general ledger entries.<\/p>\n<h4 class=\"wp-block-heading\" id=\"33-paymo-best-features\">Paymo best features<\/h4>\n<ul>\n<li>Budgeting<\/li>\n<li>Expense tracking<\/li>\n<li>Time tracking<\/li>\n<li>Invoicing in more than 15 languages and 85+ currencies<\/li>\n<li>PayPal, Stripe, and Authorize.net integration for receiving payments<\/li>\n<li>Profitability tracking at the project and client level<\/li>\n<li>Integration with other accounting services (QuickBooks, Xero, etc.)<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"34-paymo-limitations\">Paymo limitations<\/h4>\n<ul>\n<li>No dedicated MacOS and iOS apps<\/li>\n<li>The functionality of the Android app is somewhat limited compared to the desktop version<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"35-paymo-pricing\">Paymo pricing<\/h4>\n<ul>\n<li><strong>Free<\/strong><\/li>\n<li><strong>Starter:<\/strong> $5.9\/month<\/li>\n<li><strong>Small Office:<\/strong> $10.9\/month<\/li>\n<li><strong>Business: <\/strong>$16.9\/month<\/li>\n<\/ul>\n<p><em>*All listed prices refer to the yearly billing model<\/em><\/p>\n<h4 class=\"wp-block-heading\" id=\"36-paymo-ratings-and-reviews\">Paymo ratings and reviews<\/h4>\n<ul>\n<li><strong>G2: <\/strong>4.6\/5 (500+ reviews)<\/li>\n<li><strong>Capterra: <\/strong>4.8\/5 (400+ reviews)<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\" id=\"37-8-meisterplan\">8. Meisterplan<\/h3>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img alt=\"Meisterplan Project Accounting Software\" class=\"wp-image-127548\" decoding=\"async\" height=\"643\" loading=\"lazy\" sizes=\"auto, (max-width: 1369px) 100vw, 1369px\" src=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Meisterplan.png\" srcset=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Meisterplan.png 1369w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Meisterplan-300x141.png 300w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Meisterplan-768x361.png 768w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Meisterplan-700x329.png 700w\" width=\"1369\"\/><figcaption class=\"wp-element-caption\">Via: <a href=\"https:\/\/meisterplan.com\/\" rel=\"noreferrer noopener nofollow\" target=\"_blank\">Meisterplan<\/a><\/figcaption><\/figure>\n<\/div>\n<p>Meisterplan is a project portfolio management and <a href=\"https:\/\/clickup.com\/blog\/workforce-planning-software\/\">workforce planning application<\/a> with standard project accounting functionality embedded into it.\u00a0<\/p>\n<p>The platform allows project managers to plan budgets and track actual expenses against them, conduct <strong>cost-and-benefit analysis<\/strong>, and estimate total project costs based on the expenditure.\u00a0<\/p>\n<p>Meisterplan integrates with all popular project management software, business intelligence platforms, and data analytics platforms to fetch project data for analysis.\u00a0<\/p>\n<h4 class=\"wp-block-heading\" id=\"38-meisterplan-best-features\">Meisterplan best features<\/h4>\n<ul>\n<li>Compare planned costs with actuals<\/li>\n<li>Budget planning<\/li>\n<li>Cost-and-benefit analysis<\/li>\n<li>Financial reports<\/li>\n<li>Integrates with project management tools\u00a0<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"39-meisterplan-limitations\">Meisterplan limitations<\/h4>\n<ul>\n<li>Project management operational features like task planning are unavailable<\/li>\n<li>Part-time resource planning feature could use improvement<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"40-meisterplan-pricing\">Meisterplan pricing<\/h4>\n<ul>\n<li><strong>Basic:<\/strong> $660\/month<\/li>\n<li><strong>Pro: <\/strong>$880\/month<\/li>\n<li><strong>Premium: <\/strong>$2,480\/month<\/li>\n<\/ul>\n<p><em>*All listed prices refer to the yearly billing model<\/em><\/p>\n<h4 class=\"wp-block-heading\" id=\"41-meisterplan-ratings-and-reviews\">Meisterplan ratings and reviews<\/h4>\n<ul>\n<li><strong>G2: <\/strong>4.8\/5 (10+ reviews)<\/li>\n<li><strong>Capterra: <\/strong>4.7\/5 (30+ reviews)<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\" id=\"42-9-kantata-formerly-mavenlink\">9. Kantata (formerly Mavenlink)<\/h3>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img alt=\"Project Accounting in Kantata\" class=\"wp-image-127547\" decoding=\"async\" height=\"749\" loading=\"lazy\" sizes=\"auto, (max-width: 1400px) 100vw, 1400px\" src=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Kantata-1400x749.png\" srcset=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Kantata-1400x749.png 1400w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Kantata-300x161.png 300w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Kantata-768x411.png 768w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Kantata-1536x822.png 1536w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Kantata-700x375.png 700w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Kantata.png 1562w\" width=\"1400\"\/><figcaption class=\"wp-element-caption\">Via: <a href=\"https:\/\/www.kantata.com\/\" rel=\"noreferrer noopener nofollow\" target=\"_blank\">Kantata<\/a><\/figcaption><\/figure>\n<\/div>\n<p>Kantata emerged from Mavenlink and Kimble\u2014two leading professional services automation (PSA) software players.\u00a0<\/p>\n<p>The platform offers budgeting and forecasting functionality with granular details so you can plan for every aspect of your project. It lets you<strong> track revenue forecasts and recognition<\/strong> in real time while providing all the data and information needed to run projects within their allocated budgets. ?<\/p>\n<p><strong>Built-in invoicing functionality <\/strong>makes it easy to bill your clients, while special features to assist in month-end closing help by updating forecasts as revenue is recognized. Finally, time tracking and expense tracking at the project level make it easy for you and your team members to log project costs.\u00a0<\/p>\n<h4 class=\"wp-block-heading\" id=\"43-kantata-best-features\">Kantata best features<\/h4>\n<ul>\n<li>Real-time forecasting<\/li>\n<li>Budgeting<\/li>\n<li>Invoicing with customizable templates<\/li>\n<li>Time tracking<\/li>\n<li>Expense tracking<\/li>\n<li>Reports and dashboards<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"44-kantata-limitations\">Kantata limitations<\/h4>\n<ul>\n<li>The UI is a bit outdated<\/li>\n<li>Using features can be a little overwhelming initially<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"45-kantata-pricing\">Kantata pricing<\/h4>\n<ul>\n<li>Pricing available on request<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"46-kantata-ratings-and-reviews\">Kantata ratings and reviews<\/h4>\n<ul>\n<li><strong>G2: <\/strong>4.2\/5 (1,300+ reviews)<\/li>\n<li><strong>Capterra: <\/strong>4.2\/5 (600+ reviews)<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\" id=\"47-10-sage\">10. Sage<\/h3>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img alt=\"Project Accounting in Sage Intacct\" class=\"wp-image-127552\" decoding=\"async\" height=\"355\" loading=\"lazy\" sizes=\"auto, (max-width: 742px) 100vw, 742px\" src=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Sage.png\" srcset=\"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Sage.png 742w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Sage-300x144.png 300w, https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Sage-700x335.png 700w\" style=\"aspect-ratio:2.0901408450704224;width:742px;height:auto\" width=\"742\"\/><figcaption class=\"wp-element-caption\">Via: <a href=\"https:\/\/www.sage.com\/en-us\/\" rel=\"noreferrer noopener nofollow\" target=\"_blank\">Sage<\/a><\/figcaption><\/figure>\n<\/div>\n<p>Sage offers various accounting solutions for different industries and use cases, including general financial accounting. Its project accounting module comes integrated with <strong>Sage Intacct<\/strong>, and it automates time tracking, project billing, service costing, and even revenue recognition to simplify everything.\u00a0<\/p>\n<p>Gantt charts, project profitability, and client profitability reports help you understand:<\/p>\n<ol>\n<li><strong>Where your money is going<\/strong>: the most significant expenses\u00a0<\/li>\n<li><strong>Where is it coming from<\/strong>: the most profitable clients or projects ?<\/li>\n<\/ol>\n<p>Integration with Sage general financial accounting syncs all your project transactions to general ledger entries, and built-in invoicing functionality lets you invoice your clients easily.\u00a0<\/p>\n<p>Role-specific dashboards inform your clients and colleagues of the stage at which their project is and generate <a href=\"https:\/\/clickup.com\/blog\/project-status-report-template\/\">reports on project status<\/a>, resource utilization, revenue, costs, etc., to get an idea of project profitability.\u00a0<\/p>\n<h4 class=\"wp-block-heading\" id=\"48-sage-best-features\">Sage best features<\/h4>\n<ul>\n<li>Budgeting and budget tracking<\/li>\n<li>Revenue forecasting<\/li>\n<li>Time tracking<\/li>\n<li>Invoicing<\/li>\n<li>Integration with Sage general financial accounting<\/li>\n<li>Role-specific dashboards<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"49-sage-limitations\">Sage limitations<\/h4>\n<ul>\n<li>Occasional issues with payment synchronization<\/li>\n<li>Dashboards not included in the basic plan<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"50-sage-pricing\">Sage pricing<\/h4>\n<ul>\n<li>Pricing available on request<\/li>\n<\/ul>\n<h4 class=\"wp-block-heading\" id=\"51-sage-ratings-and-reviews\">Sage ratings and reviews<\/h4>\n<ul>\n<li><strong>G2: <\/strong>4.3\/5 (2,800+ reviews)<\/li>\n<li><strong>Capterra: <\/strong>4\/5 (500+ reviews)<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"52-maximize-project-profitability-with-robust-project-accounting-software\">Maximize Project Profitability with Robust Project Accounting Software<\/h2>\n<p>Project accounting can be a tedious and time-consuming job, and financial budgeting and forecasting can be even more demanding. Solid project accounting software can assist you with both. If you\u2019re still wondering which accounting software to choose, here\u2019s our suggestion: <strong><em>Go for ClickUp!<\/em><\/strong><strong> ?<\/strong><\/p>\n<p>ClickUp allows you to manage your accounting by automating and streamlining the process through Table view and dashboards. Its robust reporting and analytics features can help you plan, budget, and forecast almost any financial metric. <a href=\"https:\/\/clickup.com\/signup\">Sign up for ClickUp<\/a>\u2014you won\u2019t want to return to any other accounting software.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ultimate goal of any business is to return investment and generate profit. To do so, it has to manage finances impeccably. That\u2019s where project accounting comes into the picture. ? However, accounting is easier said than done\u2014it\u2019s one of the most error-prone jobs in the world.\u00a0 Fortunately, that has changed considerably in the last [&hellip;]<\/p>\n","protected":false},"author":125,"featured_media":127541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ub_ctt_via":"","cu_sticky_sidebar_cta_is_visible":true,"cu_sticky_sidebar_cta_title":"Start using ClickUp today","cu_sticky_sidebar_cta_bullet_1":"Manage all your work in one place","cu_sticky_sidebar_cta_bullet_2":"Collaborate with your team","cu_sticky_sidebar_cta_bullet_3":"Use ClickUp for FREE\u2014forever","cu_sticky_sidebar_cta_button_text":"Get Started","cu_sticky_sidebar_cta_button_link":"","_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[223],"tags":[],"class_list":["post-127540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-software"],"featured_image_src":"https:\/\/clickup.com\/blog\/wp-content\/uploads\/2023\/12\/Project-Accounting-Software-Blog-Feature.png","author_info":{"display_name":"Engineering Team","author_link":"https:\/\/clickup.com\/blog\/author\/engineering\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>10 Best Project Accounting Software in 2026 | ClickUp<\/title>\n<meta name=\"description\" content=\"Use robust project accounting software to ensure all your projects run profitably in 2024. 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