Strategies for Setting up Costpoint Projects and Time Collection for Accurate Billings and Revenue

At Deltek ProjectCon 2022 Iuvo presented a session on strategies and tips for setting up Costpoint projects and time collection.

Session: CPSPON-02

Title: Strategies for setting up Projects and Time Collection for accurate billings and revenue.

Track: Costpoint

Speakers: Ed Muldrow, Partner and Michael Soler, Managing Consultant

CPSPON-02 Strategies for Setting up Projects and Time Collection for Accurate Billings and Revenue

Key Objectives

How to setup contracts within Costpoint that allows for easy billing and project reporting.

Strategies on setting up Work Breakdown Structures, suggestions on which fields and subtasks to use and which boxes to check in Maintain Project User Flow.

Ideas for setting up Project Labor Categories and Timesheet Defaults that minimize employee errors when they key in the timesheet.

How to quickly determine if revenue is incorrect and recommended strategies for quickly fixing Project Reports.

Understand which screens to setup that give you budget, actual, target, trending, backlog, and cumulative data.

In addition, other key metrics that keep project managers and executives informed on the financial performance of their billable projects.


If you attended the session and are interested in downloading the slides or if you were not able to make it you can get a copy of the slide below.

Need Assistance with Costpoint?

If you have any questions please reach out, we’d love to chat further and assist your organization with all your GovCon related accounting needs. Our services include:

  • Monthly managed accounting services
  • Indirect rates reconciliation
  • Incurred cost submission assistance
  • Compliance, year-end and financial reporting
  • Year-end close and reconciliations
  • System consulting, support and training
  • Staff Augmentation (CFO, Controller, System Administrators)
  • CFO Advisory Services

Book a free consult call with us!

Learn more about our GovCon Managed Accounting Services and Iuvo as a Deltek Authorized Partner.

About Iuvo Systems

Iuvo Systems is the premier GovCon accounting services firm that provides DCAA compliant outsourced bookkeeping, consulting, implementation and training to government contractors. In addition to working with large prime contractors we specialize in working with 8(a), SBA, HUBZone, Women, Minority and Veteran owned firms utilizing QuickBooks, Deltek Costpoint and other industry specific applications.

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