Accounting & Billing
Accounting
Managing financial performance by project is critical for professional services firms. Deltek Vision integrates project control with the general ledger so you can track profitability in real time and identify problems as they arise. Vision includes a complete set of business finance tools such as accounts payable and receivable, revenue recognition, overhead allocation, multi-company and multi-currency support and project and financial reporting. Deltek Vision Financial and Project Accounting is seamlessly integrated with all Vision modules, ensuring that costs are shared automatically while maintaining tight internal control and a comprehensive audit trail.
| Feature | Benefit |
| Flexible Work Breakdown Structure for Project-Based Firms | Simplifies the management of complex projects by allowing up to three levels of project structures with user-defined labels to meet individual needs. Levels can be defined at both the global and project level. |
| Improves Accounting Productivity | Intuitive data entry to facilitate accounting and financial transactions. Built in checks/balances validate and ensure appropriate account coding. Fully integrated with entire Vision product suite. |
| Comprehensive Audit Trail | End-to-end tracking from opportunity through project completion. Interactive general ledger reporting provides complete account balance drill-down to reveal underlying transaction detail. |
| Performance Tracking by Business | Provides the ability for users to maintain separate budgets, balance sheets, financial statements, and general ledger reports by any business unit to provide effective financial and resource performance tracking for all areas of the firm. |
| Scalable Technology | Supports hundreds of concurrent users while adaptable to meet the requirements and resources of smaller firms. Universal access and zero-client install ensure that any Web-based user has 'anytime, anywhere' system access. |
Learn more -> Financial Management Datasheet
Billing
The financial health of your firm relies on timely and accurate billing. Vision Billing supports complex and diverse billing requirements, including time and materials, fee-based and percent-complete billing. Designed for the unique billing requirements of project-based firms, it automatically captures every billable labor and expense transaction, applies rate tables and employee overrides, calculates fees, handles multiple currencies, generates draft and final invoices using the templates and formats of your choice, and manages write-offs and adjustments. Deltek Vision's Billing module automates the end-to-end billing process, improves efficiencies, and helps you maintain a positive cash flow.
| Feature | Benefit |
| Complex Billing Requirement Support | Automatically captures all billable labor and expense transactions, applies rate tables and employee overrides, calculates fees, and generates draft and financial invoices in a variety of templates to improve accuracy and streamline the billing process. |
