ProjX360, the project management platform built specifically for AV integrators, has announced a significant update to its financial capabilities. The company released a new Accrual Accounting module alongside enhanced integrations for QuickBooks Online and Stripe merchant processing.
These updates aim to provide integrators with tighter financial control, cleaner accounting workflows and faster payment processing. By embedding these features directly into the project management workflow, ProjX360 continues its focus on helping integration companies run more profitable, process-driven businesses without relying on disconnected tools or manual workarounds.
What is the new Accrual Accounting module?
The headline feature of this release is the Accrual Accounting functionality. This tool allows integrators to recognize revenue and expenses based on work completed and materials received rather than simply when cash changes hands.
Most AV integration businesses run complex, multi-phase projects that span weeks or months. Cash-based accounting often fails to tell the full story of a project’s financial health during these long lifecycles.
Key Benefits of Accrual Accounting for Integrators
Designed specifically for project-based integration businesses, the new feature enables:
- Revenue recognition tied to project progress: Match revenue to actual work performance.
- Accurate cost tracking: Track costs against proposals and change orders with precision.
- Clear visibility into Work in Progress (WIP): Understand exactly where value lies at any stage of a job.
- Improved financial forecasting: Make better business decisions based on real-time data.
“Cash-based accounting doesn’t tell the full story,” says Doug Greenwald, Founder and CEO of ProjX360. “With accrual accounting inside ProjX360, our clients finally see the true financial health of every project as it progresses.”
Watch: ProjX360 Discusses Software Tailored to Integrators’ Workflow
How has the QuickBooks Online Integration Improved?
To support the move toward accrual accounting, ProjX360 has expanded its integration with QuickBooks Online. This ensures a seamless flow of financial data between operational project management and accounting software.
The enhanced integration facilitates:
- Accurate syncing: Accrual-based invoices sync directly to QuickBooks Online.
- Proper mapping: Revenue and expense accounts are mapped correctly to ensure data integrity.
- Clean reconciliation: Payments and merchant processing fees are reconciled automatically.
- Reduced data entry: The system minimizes the need for duplicate manual entry.
By aligning project financial data with accounting best practices, ProjX360 aims to eliminate the common disconnect between operations and bookkeeping.
“Our goal was not just to sync invoices,” Greenwald adds. “We wanted to bridge the gap between field operations and accounting so owners and CFOs can trust their numbers.”
What does the Stripe integration offer?
To further streamline financial workflows, the platform now integrates directly with Stripe for secure merchant processing. This addition focuses on accelerating cash flow and reducing administrative overhead.
The Stripe integration enables:
- Embedded credit card and ACH payments
- Faster invoice collections
- Secure payment processing
- Automatic payment reconciliation
- Improved cash flow management
Clients can now pay invoices electronically directly from ProjX360, which accelerates receivables.
Why a Unified Financial Ecosystem Matters
With the addition of Accrual Accounting, enhanced QuickBooks Online integration and Stripe merchant processing, ProjX360 delivers a connected financial ecosystem designed specifically for the AV integration industry.
Unlike generic project management platforms, ProjX360 structures projects around locations, proposals, change orders, purchasing, labor tracking and service. This ensures financial reporting reflects how integrators actually operate in the real world.
Availability
The new Accrual Accounting module and enhanced QuickBooks Online and Stripe integrations are available now within the ProjX360 platform.
