Project Financials
Project Financials is the core SuiteApp of FullClarity, covering the full lifecycle of a construction project — from estimating and contracts through to billing, forecasting, subcontract management and revenue recognition. It turns NetSuite into a construction-project financial management system without forcing you out of NetSuite to do it.
What you can do with Project Financials
- Estimating — Build estimates with cost-centre-based work breakdown, import from spreadsheets, mark up to selling price, convert to a contract on award
- Contracts & billing — Set up billing schedules (Stage, Progress, T&M, Drawdown and more) and issue claims against them
- Cost centres — A flexible work-breakdown that organises estimates, budgets, forecasts and revenue recognition the way your business works
- Subcontracts — Manage subcontract awards, variations and progress claims (see Subcontracts)
- Revenue recognition — Configurable, minimum-click month-end revenue recognition for project-based businesses
- Variations — Issue, approve and bill variations against any contract
- Purchase orders — Generate POs from estimate lines and track committed cost against actual
Who uses it
- Estimators build and import estimates, mark up costs, and convert won bids into contracts
- Project managers manage forecasts, raise variations, approve cost-centre adjustments
- Finance teams issue progress claims, manage retainage, and run revenue recognition
- Administrators configure billing types, cost-centre structures, default markups and permissions
What's covered in these docs
This section is being rebuilt to cover Project Financials end-to-end. So far:
- ✅ Install & configure
- ✅ Quick start
- ✅ How to:
- Create a project
- Customise terminology (rename records)
- Manage cost centres
- Estimating — create, add lines, import from spreadsheet, create POs
- ✅ Contracts & billing — set up billing schedules, issue progress claims, raise variations
- ✅ Revenue recognition — month-end revrec setup, monthly batches, adjustments, capital project capitalisation
- ✅ Reference — configuration record fields, custom records, column glossary (permissions: rewrite in progress)
- 🚧 FAQ — growing organically; for now, contact support@fullclarity.com
Requires
- A registered FullClarity Portal (see Portal install & configure)
- NetSuite Administrator role to install and configure