Project Accounting
We are pleased to announce that we have now added full module of Project Accounting in the FastAccounts.io.
We have made it easy, you can add unlimited number of project and also have their profit and loss account available on a glance.
Simply tick the box Project Accounting in smart settings to activate the project accounting. Now you will be able to see the Projects in left menu, where you can add new project and view project performance too.
On each screen you will note there is Project input box, simply select the relevant project from dropdown when recoding the transaction and we will we will do the rest of the work.In addition you have two reports available in the Reporting module where you can view the detailed project profit and loss and detailed nominal account activity.In addition you can view choose to multiple project to view total profit and loss account and nominal activity.
Once Project is ended you simply Edit, to mark it finished.