LedgerSMB is an accounting and ERP framework which aims to provide solid accounting, industry-leading security, and support for rapid development of business tools re-using accounting logic to support workflows of any specific business.
Information regarding Project Releases and Project Resources. Note that the information here is a quote from Freecode.com page, and the downloads themselves may not be hosted on OSDN.
This release has a huge number of enhancements over 1.3, including a new reporting framework, a framework for payroll code, many enhancements in project/department handling, the possibility of use for funds accounting, basic (minimal) CRM functionality, and more.