| 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 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
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
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
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
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
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.
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.
Contact Bookkeepers Plus Inc. to hear what we could do for you with Project Accounting services
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 |
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| — Outsourcing articles & services — | |||||||||||||||||
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Outsourcing Report Subscribe to this free report on the benefits of outsourcing back office functions and you'll learn how to lower risks while concentrating more on those activities that produce profit! |
Comparing outsourcing with in-house solutions
Read which activities benefit from outsourcing and what to look out for in outsourced solutions. |
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Outsourced bookkeeping
If so, read this article about outsourcing your bookkeeping and what that can bring you in terms of benefits... |
Give Bookkeepers Plus a challenge! An easy way for business owners to get first-hand experience on our services. Give us a challenge and we'll tell you how we would solve it... free! Give us a challenge involving outsourcing of accounting services... |
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Learn how easily one can make mistake in the setup of QuickBooks — and how simple it is to fix these in your accounting software! Use an expert's help in training & support for your QuickBooks accounting software and procedures. |
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| Different functions of bookkeeping — read to see what you can benefit: | ||
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Billing & Accounts Receivable Explained in understandable form what is included in accounts receivable and what you need to look out for in this area. |
Accounts Payable & Cashflow / credit What functions are included and how do these influence your finances and credit rating — and how do you speed up the cashflow? Learn the importance of accuracy in accounts payable for your activity! |
Purchasing & Inventory -controlling cost Keeping accurate record on purchasing and inventory allows for optimizing of your stock and investment while minimizing downtime. Read what outsourcing the purchasing & inventory functions can benefit you! |
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Banking routines This area of bookkeeping frees up a lot of your time while ensuring your funds arrive promptly and securely. Read what benefits you receive by outsourcing the banking duties to an accounting professional. |
Cash Management How would you like to be free from constant worry and checking of your cashflow and receive some control and prediction to finances? How cash management can increase your financial control and prediction. |
Payroll outsourcing Calculating salaries is the most time-consuming of all activities. Outsourcing your payroll you gain accuracy at lower cost than handling it in-house. |
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Financial Management Reporting The absolute jewel of services, ensuring that you gradually gain full control over financial planning in your company. Management Reporting teaches you to plan finances hands-on with accuracy and profits! |
Project Accounting An essential service if you have larger jobs or projects coming up which you want to keep under tight financial control. Quality service giving greater financial control. Project Accounting - how to keep the budget and finances of any larger job or project under control! |
Taxes and preparing books for your CPA Why not save some 50% off this part of your accounting by letting our bookkeepers prepare taxes and books for your accountant / CPA? Save money and headaches by... ...outsourcing tax work and preparation of books for accountant's review. |
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Useful articles for LI business owners This page contains articles by Elizabeth Marasco on various subjects relating to taxation, finance, accounting, bookkeeping and other important issues. Read Elizabeth Marasco's articles on taxation and accounting in Long Island and New York |
Bookkeepers Plus Virtual Assistant Don't need a full-time secretary or can't afford one? Then the solution is the Bookkeepers Plus Virtual Assistant - you pay only for the work we performed at the quality requested! Bookkeepers Plus Virtual Assistant - secretarial work without the cost. |
Human Resources Outsource the tasks involved in Human Resources: Workers Comp, insurance, retirement plans, leave maintenance, recruitment, personnel policies, resolving disputes, etc. and save money and time! Human Resources support services: Workers Comp, Retirement Plans, Recruitment, disputes... |
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Other Credits and Collections actions These tasks are not very spectacular if done accurately and correct. But if you forget then many unnecessary problems can arise from... ...Petty Cash , Employee Reimbursements, Business Expenses, and Vehicle Mileage tracking |
Bookkeepers Plus Office Software Application Training Read how businesses throw away thousands of dollars monthly... and how you can make sure you don't... and secure it for free! Bookkeepers Plus Office Software Application Training & Consulting |
Sales Tax Keeping accurate record on your sales tax and filing in time is not exciting and thus it suits outsourcing well. Save money while avoiding all problems due to delays or mistakes... See the savings and benefits available from outsourcing your sales tax routines! |
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Getting the most out of your QuickBooks? Participate in this survey to find out! Want to see if you are receiving the true benefits from your QuickBooks software... or check if it could help you more than currently? Take this online survey on QuickBooks to find out... and receive a free initial phone consultation! |
About Bookkeepers Plus Inc. Introducing Bookeepers Plus Inc. — the outsourcing expert for businesses in Long Island NY. |
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Project 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.
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.
The collection and
entering of all relevant data — costs, bills, estimates,
and so on — are a part of Project Accounting.
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.
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.
This service
gives you financial and budgetary control over projects. Equally,
it will enable you to estimate jobs correctly and avoid taking
unprofitable jobs.
Project
Accounting services are just one part of our quality services
which our back office outsourcing solutions offer businesses
in Long Island and New York.
What
do you stand to GAIN by outsourcing select back office activities...
and how do you know which ones to outsource and which not? This
interesting article explains the pros and cons of outsourcing
and offers a make-sense tool for finding the activities whose
outsourcing brings the biggest profits and benefits.
Want
more accurate bookkeeping with timely delivery and without any
problems brought to you about it?