Multiple Transaction Types
The Project Series allows you to track costs according to the type of transaction the cost represents.  You can enter costs through Timesheets, Equipment Logs, Internal Expenses, Purchase Order/Vendor Invoice and Employee Expense Reports.  Segregating the transactions allows the data entry windows to be optimized for the particular transaction, as well as improve performance in high transaction rate environments.

General Ledger Capabilities
The Project Series provides the most flexible general ledger interface in the industry.  With the Project Series, you have complete control over WIP and Accrued Revenue tracking in General Ledger.  You can also assign project-specific sub-accounts tailored to your account definition to override the default sub-accounts.  This control extends to each cost category in each individual budget if necessary.  Multiple cost categories can be assigned to the same General Ledger accounts, allowing you to simplify your General Ledger while still maintaining the reporting detail you require for project tracking.  You no longer need to establish an overly complex chart of accounts just to accommodate project reporting.

Flexible Cost Categories
Cost categories allow you to define all of the items you wish to track.  Each cost category can be assigned to one of the five transaction types.  You can define an unlimited number of cost categories for each transaction type, allowing you to track costs at whatever level you deem appropriate for your company.  Several default parameters can be defined for each cost category.

For more information please see Project Accounting and Project Accounting Time and Expense .