Professional Services firms need to track utilization and project based revenue and expenses. Microsoft Dynamics GP offers full Project Accounting functionality and utilization reporting to ensure Professional Services firms can understand and monitor their business activity. Projects can be tracked down to the specific activity and billable time, costs and activities tracked for each activity.

Logan Consulting has worked with a variety of professional service firms including firms in the technology, insurance and engineering sectors. We have worked with our clients to minimize the effort required by the consulting and technical staff to record time and expenses, yet deliver high-value information to the management team. By accurately tracking time and expenses Microsoft Dynamics GP is able to provide reporting and intelligence regarding project profitability. Furthermore, by using the workflow tools within Dynamics GP and related Microsoft applications proper approval levels can be tied to time and expenses.

Lastly, the financial tracking and budgeting functionality of Dynamics GP allows for detailed budgeting tracking at both the project level and company level. Budgets and Forecasts can be tracked which allows project managers and line of business managers to have the information they need to make informed decisions.