iplicit Billing & Projects
Track project profitability in real time, automate revenue recognition, and bill clients accurately. iplicit gives project-based businesses the financial visibility they need to make better decisions and get paid faster.
iplicit’s billing and project accounting capabilities are designed for organisations where understanding profitability by project, client, or contract is essential. Consultancies, agencies, contractors, and professional services firms need more than basic invoicing.
They need to see costs as they’re incurred, recognise revenue correctly, and know which work is actually making money.
We work with businesses at every stage of growth. These are some of the situations we see most often, and how iplicit Financial Management helps address them.
You don’t know if projects are profitable until they’re finished
Costs are tracked in one place, time in another, invoices somewhere else. By the time you piece together the full picture, the project is complete and the margin is whatever it is. You’re looking backwards instead of managing forwards.
Revenue recognition lives in spreadsheets
Calculating deferred revenue manually is time-consuming and error-prone. One wrong formula and your management accounts are wrong. Audit preparation becomes a scramble to prove the numbers are right.
Billing takes too long and creates queries
Chasing timesheets, checking what’s been delivered, working out what’s billable. The gap between completing work and sending invoices costs you cash flow and creates unnecessary back-and-forth with clients.
Time tracking isn’t connected to finance
Your team logs time in one system, but it doesn’t flow through to project costs or billing without manual re-entry. Data gets stale, errors creep in, and finance is always chasing updates.
You can’t report on project performance easily
Pulling together a view of project profitability means exporting data, manipulating spreadsheets, and hoping the numbers reconcile. It takes too long and the information is out of date by the time you have it.
Know which projects are profitable before they finish
Stop finding out a project lost money after you’ve already invoiced. With real-time visibility of time, costs, and revenue against budget, you can see margin erosion as it happens and take action while there’s still time to course-correct.
Bill faster and more accurately
When timesheets, expenses, and project milestones all feed directly into invoicing, you eliminate the back-and-forth between teams. Invoices go out faster, with fewer queries, and you get paid sooner.
Automate revenue recognition completely
If you’re handling subscriptions, retainers, or contracts that span accounting periods, you know the spreadsheet pain of calculating deferred revenue. iplicit automates the entire process, posting journals on the right dates without manual intervention.
Give project managers the visibility they need
Project managers can see their budgets, actuals, and forecasts without waiting for finance to run reports. Self-serve dashboards mean fewer requests hitting your team and faster decisions across the business.
Stay compliant without the workload
IFRS15 and UK GAAP have specific requirements for revenue recognition. iplicit applies the rules consistently from the moment data is entered, giving auditors and investors confidence that your numbers are correct.
iplicit brings together billing automation, revenue recognition, and project accounting in one integrated platform. Each capability works together, giving you a complete picture of project profitability and financial performance.
Create and send invoices based on time logged, milestones reached, products delivered, or recurring charges. iplicit handles the complexity of different billing arrangements without requiring manual workarounds. Set up automated billing schedules for retainers and subscriptions, or generate invoices on demand when project stages complete.
See exactly how each project is performing, while the work is still happening. iplicit lets you track costs, time, expenses, and revenue against individual projects or groups of projects. Compare actuals to budgets and forecasts in real time. Spot overruns before they become problems. Know which clients and which types of work are genuinely profitable.
We’ve delivered 25+ iplicit implementations across charities, professional services, and growing mid-market businesses. Click the button below to see how we can help you grow with iplicit.
Whether you’re early in your research or evaluating specific platforms, we can help. We’ll assess your requirements and give you a clear view of what iplicit could deliver for your organisation.
Prefer to talk now? Call our iplicit specialists directly:
01355 581 960
