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Margin protected before
WIP becomes unbilled loss.

Connect project activity with financial accounting, billing and performance.

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Portfolio health, blended margin and unbilled work in progress

Why teams move to it.

Project Accounting is the financial treatment of delivery work.

Revenue recognitionHarbour TowerJuly 2026 · policy: surveyed progress
$3,082,000 Recognised on evidence
  • Recognised to June$2,576,000
  • July · surveyed$322,000
  • Accepted, unbilled$184,000
  • Left of $4.6M$1,518,000
EvidenceSourceEffect
Progress 67% · surveyedSurvey 12 Jul$322,000
Milestone 3 acceptedClient sign-off$184,000
Policy applied to evidence

Revenue recognised on evidence

Recognition follows policy applied to real progress, cost and acceptance.

Unbilled workAged and owned · 14 Jul 2026

0–30 days2

Harbour TowerMilestone 4 · billing$184k
Kolar depotTime to 12 Jul$61k

31–60 days2

Metro line 4Owner: P. Iyer$42k
Airport annexOwner: K. Rao$18k

Over 60 days3

Fit-out, level 9Write-down proposed$9k
Vela Foods auditBill this week$14k
Orion reviewDisputed scope$6k
Billed or written down, on purpose

WIP that is managed, not discovered

Unbilled work is aged and owned, so it is billed or written down deliberately.

Customer invoiceINV-07731Built 14 Jul 2026 · Harbour Tower
$517,000.00 Built from the delivery record
LineSourceBasisAmount
Milestone 3Contract C-0341Fixed$460,000.00
Site time · 412 hTimesheets$110 / h$45,320.00
Steel, at cost +5%GR-4462Terms$11,680.00
Nothing re-keyed

Billing from the delivery record

Invoices are built from time, cost, milestones and terms, never re-keyed.

Margin by phaseOne cost base · to 14 Jul 2026
Harbour Tower

PlannedActual

Design
38%
Build
19%
Fit-out
29%
Handover
30%
Project margin · same base by client and line24.6%

Margin at every level

Margin reports by project, phase, client and service line on one cost base.

Inside Project Accounting.

Pick a capability to see what it does. Each one opens to a page of its own.

Every cost that touches the project, on the project.

Explore Project Costing
P-0207Harbour Tower · costEvery cost posts as it occurs, with its basis
Current to today
DateSourceTypeAmountBasis
14 JulTimesheets · 14Labour$18,400Cost rate
14 JulGR-4462Materials$61,200Receipt
13 JulOverhead runIndirect$9,1204% of labour
Cost to date $3.10M, not month-end

Prove a margin on the day.

Bring a project mid-flight. We show cost, revenue and margin as at today.

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