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by throwaway11460 816 days ago
Actual accounting software doesn't care about projects. You get a $10k invoice - now the question is what projects is it related to, what amounts...
3 comments

Actual accounting software is double entry. You’ll move that invoice through AP, and the balancing transactions will be split by project/type/etc by a combination of accounts and perhaps labels/tags.
that’s not true. Serious accounting software let you assign an invoice to a project, program, cost center, groups… you can even do that on at the invoice item level.
Actual accounting software can certainly care about that. This is called operational or cost accounting (vs financial accounting, which would be accounts payable etc.)