When your firm adopts project accounting—the practice of accounting on a project-by-project basis—you’ll get insights that’ll change the way you do business. You’ll understand your projects, employees, clients, and firm on a deeper level, and you’ll be able to make changes that will dramatically increase efficiency and profits.
Before this happens, though, you need to lay the groundwork. With the right tools, logging and making sense of the data you need is convenient and easy. You just have to be consistent.