What is Project Accounting?

The Project Accounting application provides a project accounting and activity-based costing solution. Depending on your business needs, you may also want to set up the Project Accounting application.

Project Accounting captures information from all Lawson subsystems to provide an operational view of your organization. While the General Ledger application is used for a financial view of your organization and the Strategic Ledger application is used for a strategic view of your organization, Project Accounting is used to capture the various levels of operational detail required by your organization.

With the Project Accounting application, you can define multiple unique and independent structures, including processing levels with unlimited work breakdown structures.