Construction project accounting can significantly burden project managers who track project budgets via spreadsheets and process invoices and purchase orders in various currencies. Planyard offers a welcome relief from this hassle, making the process easy and efficient.
Planyard allows you to upload your starting project budget spreadsheet and select the preferred currency for the project.
Follow a simple icon indicating that this project is managed in multiple currencies.
The team should be able to easily track project financial progress, manage multiple currency purchase orders and invoices, update the conversion rates, and ultimately track project forecasts in real time.
When you receive a purchase invoice in a different currency, simply select the currency from the dropdown menu, and Planyard will automatically apply the current exchange rate. Allocate the costs to the relevant budget items and submit. Planyard will then create a project manager-approved multi-currency invoice in your accounting software, such as QuickBooks or Xero.
In the project budget view, the invoice value is converted to the budget currency for easy cost monitoring. A simple icon shows that the invoice has been approved in multi-currency, and the accountant can later adjust the exchange rate if needed.
When raising a purchase order, select the desired currency and send it to your subcontractor or vendor in their preferred currency. The purchase order’s value is automatically shown in the budget currency under committed costs, giving you a clear view of project expenses and forecasts. Process the purchase invoices, with each one converted using its specific exchange rate.
“I would say that Planyard is a great way to easily and conveniently track your job costs in one place. It keeps track of all of the documents and the numbers in one place. If there’s some problem with the budget, it just tells you what you need to fix and you’ll be fine. It really just kind of thinks a step ahead for you.”
“Planyard is a live overview of your project. How they are performing financially and it is basically a CVR that is live all the time. I have saved a lot of time! It’s so much easier now that I am less reliant on Excel. When we’ve been awarded a project and we’ve uploaded the project on Planyard, I don’t need to look at spreadsheets anymore.”
No credit card required. No sales or IT support needed.