Project Accounting sets up a customized monitoring system for a specific project, keeping track of its costs and forecasting its keeping to the set budget. This service helps you to take financial control over costing with means to influence...

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Project Accounting & Job Costing services of Bookkeepers Plus for companies in Long Island and New York

Project AccountingProject Accounting — sometimes also called "Job Costing" — is a financial monitoring and reporting service to keep you in control of the budget and costs of a specific bigger project or job.

In other words, Project Accounting focuses on one project or job specifically, with the goal of making costs known, monitoring and reporting how accurately the job stays within its assigned budget and so on.

Using our Project Accounting / Job Costing services does not require you to change your accountant or CPA. Our work simply cuts your costs and adds a high measure of financial control to your project management.

The tasks included in Project Accounting involve the assigning & tracking of costs (labor and materials) and revenues (selling price / payments received) within the particular job or project to which the service is assigned.

Typical projects or jobs could be the building a house or a project like building an apartment complex... or any bigger assignment which you've undertaken and whose budget is sufficient to reward the financial monitoring and reporting during the project.

The goal is to keep you updated in real time about the cost structure of the project, enabling you to forecast the budget and react quickly if changes are needed.

Equally, the Project Accounting / Job Costing service is useful in any industry where job costing is important. The purpose of this service is to know how much it costs to do the job so that you can price your jobs accordingly.

Each Project Accounting assignment is tailored to the specific requirements of the project in question and to your individual wishes and preferences, but usually it involves tasks such as...


Preparations for financial monitoring of your project

Customized monitoring of your project requires preparation.Preparations are important in ensuring that the monitoring of the project provides you the insight into projecting costs and affecting the budgetary outcome of the job.

Thorough planning produces better monitoring which brings with it more financial control over your project and its budgetary specifications.

These actions include consultation on which figures are tracked, the setting up of software to track job costs properly according to your specifications and other such actions involving the planning and preparing to monitor the finances of the specific project.


Data entry on project costs and other monitored information

Entering  data on individual costs.The collection and entering of all relevant data — costs, bills, estimates, and so on — are a part of Project Accounting.

This might not be the most exciting of duties but timely and accurate data entry is vital to the value of the information acquired for Project Accounting... and as such it is ideal for outsourcing.

We use QuickBooks but can facilitate the use of other software if that's your preference, such as Peachtree, MAS-90, or alike.


Consultation on data collection for costing functions

You can turn to a professional for advice.Part of Project Accounting involves some guidance for you or for an appointed person in charge on how to collect the data required, so everything is present to do the job-costing functions.

Essentially this also means that we are available to render assistance should you need or want it.

This consultation can cover a variety of subject matters revolving the issue of costing and/or budget forecasting, according to your wishes and the specific requirements of the job / project.


Creating custom reports and spreadsheets on the project as needed

Customized financial reports on the project.The tools of Project Accounting are the custom reports created at set intervals which allow you to follow the progress of your project, producing accurate financial information for monitoring costs and any changes.

Here, knowledge is power and the earlier you find out about costs being exceeded, the more you can do about the unwanted conditions.

Individually customized financial reports on each important facet of your project give you the control over its finances, allowing for forecasting of overspending and giving you the opportunity to affect the outcome of any key figure at the earliest possible point it time.


Benefits of using the Project Accounting services of Bookkeepers Plus Inc.

Control over your project's costing and budget.This service gives you financial and budgetary control over projects. Equally, it will enable you to estimate jobs correctly and avoid taking unprofitable jobs.

It's really a matter of financial control and precautionary measures allowing you to influence the cost structure during the project rather than having to find out after the fact what you "should've and could've done if only would have known..."

Project Accounting services of Bookkeepers Plus also assist in costing and the development of knowhow in estimating costs, forecasting project budgets and it also helps to make the monetary aspects of project management simpler and easier.


Problems solved by outsourcing your Project Accounting to Bookkeepers Plus Inc.
No more mysteries regarding costs or budgetary forecasting.
Quick identification of problems if materials ordered are too expensive, the cost of labor too high, or other aspects of the project exceed the budgeted economic guidelines.
Better financial control, easier to keep to the project within its set budget.
No more unpleasant surprises of the worst kind as customized cost reporting helps you take immediate action early on if any costing figures or any part of the budget is exceeded.
Possibility of fraud is minimized.
Hands-on assistance and support from an experienced accounting professional without any need to change accountant or CPA.
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Contact Bookkeepers Plus Inc. to hear what we could do for you with Project Accounting services

Outsourcing Project Accounting functions to Bookkeepers PlusProject Accounting services are just one part of our quality services which our back office outsourcing solutions offer businesses in Long Island and New York.

You can contact me directly or, if you're convinced that outsourcing might be the solution, use our quote form to receive an estimate of cost and benefits of outsourcing your Project Accounting functions to us.

Finally, if you have a specific problem with Project Accounting, costing of jobs, project budgeting, or any other aspect of financial control, why not give us a challenge and receive free advice on how we would solve the problem?

Thank you for your interest, and please remember we offer a free Outsourcing Report to business owners in Long Island and New York.


Best wishes,

Elizabeth Marasco, MBA
Bookkeepers Plus, Inc.
354 Neighborhood Rd
Mastic Beach
NY 11951
Phone: 631-949-5864
Fax: 631-207-8349

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