NetSuite Engineering Accounting Software

NetSuite’s cloud accounting software unifies project financials, resource schedules, and real-time insights, giving civil and mechanical engineering firms unmatched control of margins, cash flow, and personnel.

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What is NetSuite Engineering Accounting Software?

NetSuite engineering accounting software merges core financial management with project-level cost tracking, employee time capture, resource scheduling, and compliance controls. By connecting all their financial, project, and client data, engineering firms can automate manual work, spot overruns earlier, and close their books faster. This efficiency allows accounting teams to provide timely, accurate financial insights that support informed decision-making and improved project profitability.

Keep project finances accurate and up to date

Automated tracking

With NetSuite, every transaction—from field purchase orders to CAD-designer timesheets—flows automatically to the general ledger, project P&Ls, and dashboards.

NetSuite Engineering Accounting Software features

NetSuite brings project-centric finance, operations, and compliance into one platform tailored for engineering firms.

Project accounting and job costing

Track labor, materials, subcontractors, and overhead against budgets in real time. NetSuite’s cost codes and WIP dashboards help project managers compare estimates with actual spending, safeguard margins, and support change orders, even for complex, multiphase projects.

Resource management and scheduling

Visual allocation dashboards turn raw availability data into straightforward charts, allowing engineering teams to match skills, capacity, and utilization across current and future projects. The result: balanced workloads and key experts in optimal roles.

General ledger

Multidimensional tagging—project, task, discipline, office—lets the finance team slice data any way it needs to, without spreadsheets. NetSuite’s audit trails, custom segments, and role-based controls support GAAP and global reporting standards.

Cash management

NetSuite’s real-time cash-flow forecasts factor in milestone invoices, retainers, expense reimbursements, and vendor contract terms. Automated bank feeds and reconciliation dashboards help firms time payments, avoid shortfalls, and fund growth initiatives.

Accounts receivable and project billing

Capture workers’ time and expense data in the field, with each entry tagged for the correct project, phase, task, and rate class. Automated invoicing using time-and-materials, fixed fee, or percentage of completion accelerates billing cycles.

Accounts payable and procurement

NetSuite’s three-way matching, job-level cost tagging, configurable approval routing and escalation, and compliance document checks work together to confirm that you pay the right amount, for the right materials, at the right time.

Tax and regulatory compliance

Invoices and POs get line-level tax automation for multistate sales and use taxes, VAT/GST, and industry-specific rules, such as R&D credits or certified payroll. Continuous updates support compliance without manual lookups or costly upgrades.

Close management

WIP, retention, and earned-value schedules post automatically to journals and consolidations. This helps finance teams complete month-end closes faster, while real-time variance reports keep auditors—and partners—confident.

Real-time reporting and dashboards

Role-based dashboards display KPIs, such as project gross margin, utilization, backlog, and cash position, the moment data is entered. Drill down from high-level trends to individual transactions to support fast, data-driven decision-making.

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Engineering Accounting Software

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With NetSuite, the visibility that owners have to see the financial statements and real-time data, and the functionality of being able to get data that is relevant very quickly is unlike anything else that I’ve worked with. I’ve learned so much in the short time that I’ve used it.

James Johnson, Chief Financial Officer, Lam-Wood Systems

NetSuite Engineering Accounting Software benefits

Boost project profitability. Live cost tracking and automated billing capture every billable hour and expense.
Accelerate cash flow. Faster invoicing helps reduce DSO, while clear cash position forecasts let firms fund new work without excess debt.
Firmwide visibility. Unified dashboards align partners, project managers, and finance teams around one set of numbers, enabling better informed, more strategic decisions.
Mobile accessibility. Access project data, approve expenses, and update timesheets from any device to keep on-site teams connected and productive.
Scalability for growth. Flexible architecture supports engineering firms as they expand services, enter new markets, or acquire other businesses.

Challenges NetSuite Engineering Accounting Software solves

Manual time and billing. Integrated time capture and automated invoices help prevent backlogs and revenue leakage.
Disjointed systems. Replace standalone accounting, timesheet, and project software with one cloud platform.
Unpredictable margins. Real-time job costing highlights overruns early and supports timely change order management.
Resource bottlenecks. Centralized scheduling balances workloads and maximizes utilization of specialized engineers.
Audit complexity. Automated compliance tracking and detailed project documentation simplify audit preparation while supporting industry-specific regulatory adherence.

SuiteSuccess – Your proven path to success

Leveraging more than 25 years of experience working with tens of thousands of organizations, across all industries and business sizes, our SuiteSuccess customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business suite with industry-specific solutions. Then we engage with your business to ensure that we’re addressing your specific needs and guiding you along the way on how to best consume and optimize NetSuite to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI, and greater employee adoption.

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How much does NetSuite Engineering Accounting Software cost?

Companies of every size, from prerevenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?

Users subscribe to NetSuite for an annual fee. Your license is made up of three main components: core platform, optional modules, and number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.

NetSuite Engineering Accounting Software is available as an add-on module.

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Resources

Data sheets

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Customer stories

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Product demos

See NetSuite Engineering Accounting Software in action.

Essential learning

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Please note that some capabilities described on the page require partner integrations.