GLOVIA.COM Project Accounting Stay on top of project profitability with timely and detailed cost and revenue information. When the financial health of your company depends on project profitability, you need timely information on potentially troublesome trends before problems develop. That’s why we have designed a financial accounting application especially for the management of projects. By capturing all project costs and calculating project-to-date totals, glovia.com Project Accounting provides all the information you need to evaluate project status, avoid runaway costs, and ensure a profitable revenue stream. Track Project Financial Performance business. This enables you to easily compare your Project Accounting gives you the control and visibility estimates and budget projections with incurred costs you need to accurately measure project performance. and revenue. The system makes it easy to define the number and types of budgets required based on your business Complete Financial Picture needs and project types. All budgets are time-phased To provide a complete financial picture, all project costs according to task start and end dates to help you are posted to glovia.com Financials. evaluate whether they stay on track. For better visibility of margins, the system captures both actual costs and Cost and Revenue Roll-Up activity types. Project Accounting supplies both cost and revenue roll- ups for analyzing your estimates, budgets, and incurred Project-to-Date Totals costs. You can examine costs and revenues by task In addition to actual costs based on fiscal period and and activity type or drill down to the transaction level for year, the system can also calculate project-to-date detailed cost information. totals in several ways depending on the needs of your The Project View of Accounting: • Provides for Budgets, Estimates and Actuals to Project • Enables true performance measurement • Increases accuracy of future quotes and estimates Contract PRP Project Contract Project Accounting Project Supply Task Activity Accounting Orders Cost Cost Revenue Revenue Trans. Actuals Trans. Actuals Installation Financial Financial Management FIM FIM After Market Detail Detail Service Journal Journal G.L. Flexible Cost and Revenue Recognition General Ledger Integration Flexible cost and revenue recognition make it easy to • Project related journal entries in General Ledger adapt the system to your business. or Project Accounting have visibility in both applications User Defined Project Budgets • Project related transactions entered in General • For financial values and labor hours Ledger are included in Project Accounting roll-ups • Unlimited versions, for example: • All period-end closing is performed in General • Original Budget Ledger • Revised Budget • Project Accounting uses the fiscal calendar • Target Budget established by General Ledger • Estimate-To-Complete Budget • The calendar affects only budgets, not incurred costs Project Status Visibility • Provides visibility of estimate-to-complete (ETC) Cost Roll-Up • Provides visibility of estimate-at-completion (EAC) • Provides roll-ups of estimated, budgeted, and actual costs and revenues Assigning Activity Types • Costs roll-up to tasks and activity types • Supports an unlimited number of user-defined • Revenues roll-up to tasks and activity types activity types • Activity types can be freely assigned to tasks Revenue Recognition Formulas • Incurred costs and revenue recognition • Percentage of costs, based on incurred revenues • Percentage of revenues, based on incurred costs • User defined calculations for costs and revenues • Costs and revenues transferred to residuals • No cost or revenue recognition Glovia International Visit our Web site at www.glovia.com. With offices worldwide, Glovia International is the leading provider of e-commerce solutions and world-class services for the digital marketplace. It is the only company to deliver a robust suite of business-to-business “transaction applications” that are fully scalable and seamlessly integrate with existing enterprise systems. With customers like Dell Computer Corporation, Panasonic, and Caterpillar, Glovia’s technology enables Fortune 1000 companies to build and run the most advanced digital enterprises that boost their competitiveness in the rapidly evolving global digital economy. Glovia is a Fujitsu company. Worldwide & Americas Headquarters Glovia International,1940 E. Mariposa For further information and El Segundo, CA 90245-3457 regional locations please visit: Tel: +1 800 223-3799 www.glovia.com +1 310 563-7000 or contact: Fax: +1 310 563-7300 [email protected] DATAPA0303.