The steps
- Timesheets and expenses chased and approved
- Unbilled time and work in progress from the projects
- Revenue recognized by the project’s billing rules
- Supplier invoices and accruals posted
- Intercompany entries between legal entities
- Balances reviewed and reconciled
- Margin by project, client and practice
- The period closed
Where it usually breaks
Waiting for data that lives elsewhere. Finance cannot close until timesheets are in, project managers have checked work in progress, and someone has rebuilt the margin report in a spreadsheet. Each month the same reconciliations are done by hand.
How Perspectiv connects it
Projects, time and purchasing create the accounting entries as the work happens. Work in progress and revenue come from the projects themselves, so finance reviews numbers instead of assembling them. See month-end close for service businesses for a fuller checklist.
The modules it uses
Labels show what opens first in the private beta (Q2 2027), what is being built now, and what is on the roadmap.
- Time & expenseComing soon
Timesheets, timers and expenses against the work, approved and ready to invoice.
- Project managementComing soon
Projects, programs and portfolios, with budgets, change orders, WIP, profitability and forecasts.
- General ledger & accountingPlanned
Chart of accounts, journals, multi-entity accounting, intercompany, revenue recognition and period close.
- Accounts receivablePlanned
Client balances and aging, cash application, collections and credit management.
- Accounts payablePlanned
Vendor liabilities, payment processing and controls, vendor aging and AP reconciliation.
- Financial planning & budgetingPlanned
Budgets, forecasts, cash flow forecasting and what-if scenarios.
- Reporting & analyticsPlanned
Operational and financial reports, dashboards and KPIs across every area, with drill-down to the records.
Questions
Does Perspectiv handle more than one legal entity?
Yes. Each legal entity keeps its own books, with intercompany accounting between them and consolidation in a later phase.
Can we see margin before the month is closed?
Yes. Margin by project, client and practice is available at any time, from the same records the close uses.
When can we use this?
The private beta opens in Q2 2027 with Knowledge hub and CRM, with the framework underneath. The other modules in this process join as they are ready, and each one plugs into the same record.