Friday, 12th March 2010.
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Project Accounting: Be in Complete Control of Every Project

Project accounting helps you track the financial progress of every project. Generally, projects have a finite cost limitation, which gives rise to the need for estimates, budgets and cost.

Monitor Every Detail of Your Project

TA‘s project accounting team develops processes and tasks to create efficient financial reports that help monitor your project‘s details - including estimates, change orders, purchase, orders, timesheets and billing. We recognize that all financial information regarding a project finds its way into the general ledger and the financial statements of the organization. Our project accounting recognizes and deals with this inevitability up front.

Secure Infrastructure Maintains Your Project‘s Privacy

State-of-the art infrastructure ensures data security. Additionally, we help you set up security groups and assign access permissions. This restricts access to confidential banking transactions and account information.

The TA Team: Up-to-date with the Latest Industry Trends

Gain cost benefits, quality talent and make effective use of time-zone differences through the TA team. Our highly experienced projects accounting staff connects project activities with company financials and also provide extensive reporting capabilities. This ensures accurate accounting and billing processes throughout your project life-cycle, and streamlines time management and expense management. Astute accounting competencies help them understand your project, while technical skills help them cope with the software and tools that you are currently using. Knowing that project managers need to have enough controls and reconciliation to ensure the integrity of the data they are using, we place a high emphasis on the consistency of figures, ensuring that the costs in your project system are the same as costs in the general ledger.

Benefits of Offshoring Your Project Accounting Function to TA:

  • Great cost savings
  • Specialized staff help you focus on core function and save on training personnel
  • Project activities are connected to company financials
  • Extensive reporting capabilities
  • Tally the costs in your project system to that in the general ledger

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