Reviews from AWS Marketplace
0 AWS reviews
-
5 star0
-
4 star0
-
3 star0
-
2 star0
-
1 star0
External reviews
External reviews are not included in the AWS star rating for the product.
Issues with real time project revenue recognition specifically for labor
What do you like best about the product?
-Ease of expense filing and timecard entry and the approval workflow for both
-Invoice and PO generation and emailing
-job costing (projects module)
-deferred revenue module
-Invoice and PO generation and emailing
-job costing (projects module)
-deferred revenue module
What do you dislike about the product?
Two main issues:
1) We use the percent of complete method for project revenue recognition. Acumatica does not recognize revenue that is attributed to labor hours (professional services) in real time. Using a schedule to do so at an elected frequency is not ideal as financials are therefore not always up to date. Furthermore, Acumatica is not bound by the dollar limits of the actual project and will over-recognize revenue if actual costs exceed budgeted amounts, requiring manual intervention via journal entries to claw-back the excess revenue. This leads to overstated financials unless and until you review each open project to confirm excess revenue has not been recognized.
2)Ease with customizing reports and general inquiries is sorely needed. This especially comes into play if the fields you wish to include are not part of the standard report. You cannot filter on a field if it is not an option to begin with. Havin the ability to easily add fields that already exist in Acumatica to canned reports or GI's would greatly improve data analysis.
One minor issue only because it is needed once annually: 1099 reporting. Would be ideal to be able to print and file 1099s directly from Acumatica as well as the 1096. Electronic filing of your 1096 is now required for filers with more than 10 1099's. We currently have to use an outside software program to do this.
1) We use the percent of complete method for project revenue recognition. Acumatica does not recognize revenue that is attributed to labor hours (professional services) in real time. Using a schedule to do so at an elected frequency is not ideal as financials are therefore not always up to date. Furthermore, Acumatica is not bound by the dollar limits of the actual project and will over-recognize revenue if actual costs exceed budgeted amounts, requiring manual intervention via journal entries to claw-back the excess revenue. This leads to overstated financials unless and until you review each open project to confirm excess revenue has not been recognized.
2)Ease with customizing reports and general inquiries is sorely needed. This especially comes into play if the fields you wish to include are not part of the standard report. You cannot filter on a field if it is not an option to begin with. Havin the ability to easily add fields that already exist in Acumatica to canned reports or GI's would greatly improve data analysis.
One minor issue only because it is needed once annually: 1099 reporting. Would be ideal to be able to print and file 1099s directly from Acumatica as well as the 1096. Electronic filing of your 1096 is now required for filers with more than 10 1099's. We currently have to use an outside software program to do this.
What problems is the product solving and how is that benefiting you?
centralizing all company operations and accounting
- Leave a Comment |
- Mark review as helpful
Full Accounting Solution
What do you like best about the product?
Acumatica is a scalable accouting software that a copy no matter size can use.
What do you dislike about the product?
The use of 3rd party support services has been a challenge.
What problems is the product solving and how is that benefiting you?
n/a
Acumatica is Great
What do you like best about the product?
Acumatica has made many of our accounting process less time consumng
What do you dislike about the product?
the generic inquries are difficult to navigate through
What problems is the product solving and how is that benefiting you?
Acumatica is helping elminate paper
My perspective
What do you like best about the product?
It is powerful, creates a good audit trail and provides support for a variety of business needs.
What do you dislike about the product?
Complexity and lack of easy to follow instructions. I'm fairly new to Acumatica.
What problems is the product solving and how is that benefiting you?
Accounting for manufacturing, service and parts distribution.
Modern cloud ERP with quick implementation
What do you like best about the product?
Intuitive UI, implemented quickly, excellent community for support and training.
What do you dislike about the product?
Multi-company works well, but could use some improvements.
What problems is the product solving and how is that benefiting you?
Improved our receivables processing and bank reconcilliation. Easy to upload/download data from external systems and spreadsheets.
User Experience
What do you like best about the product?
Acumatica's interface is fiarly user friendly compared to other ERP systems I have used.
What do you dislike about the product?
The finance areas could use more development - there are other systems that seem to have better capabilities that Acumatica seems to be lagging on.
What problems is the product solving and how is that benefiting you?
Better visbaility to inventory values
By far the easiest to learn and use
What do you like best about the product?
Ease of use. If you need something you cn usually find it in three clicks or less
What do you dislike about the product?
I have yet to find anything I dislike about it. As a new user, this has been the easiest ERP software to learn
What problems is the product solving and how is that benefiting you?
The ability to put accurate data into the hands of the users to enable fast, efficient decison making
1st Summit!
What do you like best about the product?
Ease of use and business intelligence reporting
What do you dislike about the product?
API not as easy to use with external application/sources.
What problems is the product solving and how is that benefiting you?
Everything is on one platform, where we previously had separate systems that did not integrate. The data and ease of creating dashboards and reports is most beneficial.
Difficult, but positive
What do you like best about the product?
When it's functioning properly, the ease of use is superb.
What do you dislike about the product?
Implementation was a horrible experience. Also, all Reports from the report builder should have readily available GI's. The Report formats are often terrible, but the Schemas made are quite good. So, pulling and manipulating data as is from them has been a chore.
What problems is the product solving and how is that benefiting you?
Acumatica is giving our users a singular interface to process information.
robust tool, customizable, limited configuration, weird code errors
What do you like best about the product?
Access to learning tools, forums, help related items. Licensing arrangements.
What do you dislike about the product?
implementation, lack of flexibility on certain aspects
What problems is the product solving and how is that benefiting you?
visibility company wide, dashboards to c-suite
showing 1 - 10