Project & Phase Hierarchy
Unlimited project, phase, and task depth. Budgets, forecasts, and actuals roll up through the tree. Dimensions (client, matter, engagement) attach to every transaction for any cut of profitability.
Procurement & Operations
Nexus Project Accounting
Project-based P&L for firms that bill by the hour, milestone, or percent-complete — with WIP tracking, revenue recognition, and profitability analytics purpose-built for services, construction, and engineering.
22% higher project margins
Key Capabilities
What Nexus Project Accounting does
Time & Expense Capture
Mobile, web, and API-based time entry with policy enforcement, client-rebilling rules, and auto-classification. Expenses snap from receipts to projects via Nexus OCR.
WIP Accounting
Unbilled revenue and unbilled cost tracked in real time. Period-end WIP roll-forward posts automatically with full supporting detail — no more end-of-month spreadsheet scramble.
Milestone & Percent-Complete Revenue
Recognize revenue by milestone completion, input cost-to-cost, or output units-of-production. ASC 606 variable consideration and contract-modification logic handled natively.
Progress Billing
AIA G702/G703 applications, retention schedules, change orders, and consultant pass-throughs. One-click generation of client-ready invoices from actuals against contract.
Project Profitability Analytics
Live margin by project, partner, client, and service line. Early-warning dashboards flag projects slipping against budget before they become write-offs.
How It Works
- 1
Structure the Engagement
Contract terms, billing method, budget, and team assignments captured up front. Revenue and billing rules codified in the system, not in a partner's head.
- 2
Run the Project
Time, expenses, purchase orders, and subcontractor costs flow in real time. WIP, revenue, and unbilled balances update with every transaction.
- 3
Bill, Recognize, Close
Generate progress bills, post revenue, and close the period with a single reconciled view of every open engagement.
Compliance & Standards
ASC 606 (revenue from contracts with customers)IFRS 15 (equivalent revenue standard)GAAP percent-of-completionSOX 404 (project controls and approvals)
Available for:SMEMid-MarketEnterprise
Key Outcomes
22%
higher project margins via earlier intervention
95%
on-time billing vs. contract terms
50%
less partner time in month-end WIP review