With Projects you can:

• Eliminate the need to clutter Ledger with ever-changing Project structures and Chart of Account maintenance
• Automatically create Project Work Breakdown Structure (WBS) in Structures for each Project
• Capture project costs from Purchasing (commitments), Payables (expenses), Ledger (journals), and project journals (Projects) which eliminates the need to store in the GL
• Track project budgets, commitments, and costs by month to date (MTD), Year to date (YTD), and Project to date (PTD)
• Define project currency
• Review project balances online
• Define and default accounting distributions for each Component or Component Cost Element
• Process journals in Projects and feed them to GL
• Easily manage Project Balances
• Update Project Status to close project when completed
• Define Assets associated with a component to automate capitalization process

Dominica can use Projects to add and manage various kinds of projects, such as:

• Dominica Housing Recovery Project
• Caribbean Digital Transformation Project
• Disaster Vulnerability Reduction Project
• Emergency Agricultural livelihoods and Climate Resilience Project
• OECS Regional Health Project

 

We at Smart Solutions International will welcome feedback or questions you may have about the product.