Track detailed costs on a project-by-project basis
What is NetSuite Project Budgeting?
NetSuite SuiteProjects lets teams track detailed project cost budgets on a project-by-project basis. Financial leaders set initial budget forecasts and then track actuals, comparing different scenarios for on-the-go visibility into financial performance. Powerful controls combined with user-friendly menus provide the perfect balance for today's project budgeting needs.
NetSuite helped us to triple our margin by accurately capturing time and forecasting demand. We've also improved the accuracy of our estimates and reduced the amount of time spent on invoicing.
Learn How ERP Can Streamline Your Business
Free Product Tour(opens in a new tab)
NetSuite Project Budget Benefits
NetSuite Project Budget Management Features
NetSuite Project budget management is integrated into timesheet and expense management. Now, project planning and billing can be automated, and teams can track detailed cost budgets on a project-by-project basis. Set initial budget forecasts and then track actuals.
Transactional Budgets
Track project funding over time and easily manage change orders, extensions, and credits to the project budget. With transactional budgets, identify individual funding items that make up the total project budget, such as statements of work (SOWs) or purchase orders (POs), and align budgets to invoicing and revenue activities.

Project Budgets
Draw detailed budgets for labor, expenses, and purchases associated with your project, and track expenditures. Create budgets based on cost or billing, and estimate costs over the span of the project. View actual incurred costs and compare multiple budgets.

Scenario Planning
Compare actual costs against multiple budget scenarios. Identify variances with customizable color-coding for budget items that are on or off target based on the percentage of planned versus actual expenditures.

Budget vs. Actuals Reporting
Reviewing project budgets and comparing actual and forecasted spend to can make informed, proactive business decisions. View allocations of direct and indirect costs against project, and review trends on sales revenue, customers and other metrics that matter to your organization.

Challenges NetSuite Project Budget Management Solves
Resources

Data Sheets
Access specifications, features and benefits of NetSuite project accounting.

Customer Stories
Spark ideas with success stories from NetSuite customers.

Product Demos
See NetSuite project accounting capabilities in action.

NetSuite Webinars
View our on-demand webinars, which deliver insights from NetSuite and industry experts.

Guides & Blogs
Go deep into topics around NetSuite project accounting capabilities.
- 4 Ways Poor Resource Management Costs Services Companies Profits, and How to Fix It (Paper)
- Automating Project Accounting to Boost Profits (Blog)
- 4 Reasons Why Your Services Projects May Not Be Profitable (Blog)
- A Buyer’s Guide to Purchasing Project-Based ERP (Blog)(opens in new tab)
- 4 Project Profitability Pitfalls Project Managers and Finance Teams Need to Watch (Blog)

Essential Learning
Discover best practices and learn more about project accounting from beginner to advanced levels.
- What is Revenue Leakage? Causes and How to Prevent (Article)
- Project Accounting Concepts and Business Calculations (Article)
- Revenue Recognition: The Ultimate Guide (Article)
- Progress Billing Defined: Advantages and How to Implement (Article)
- Revenue Recognition: The Ultimate Guide (Article)
- Job Costing Defined: A Complete Guide (Article)