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The function of the project accountant relies on the project desires, but as being a basic functionality, the project accountant position is accountable for monitoring the progress of projects, investigating variances, approving charges, and ensuring that project billings are issued to prospects and payments gathered.[ten]
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Expense accounting term or details is used largely in economic accounting data, the principle issue about supervisors for using selections. The associated fee-accounting technique is the result of selections made by supervisors of a company or firm as well as surroundings in which they make them.
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Project accounting is often employed by authorities contractors, wherever the opportunity to account for fees by deal (and often contract line product, or CLIN) will likely be a prerequisite for interim payments.