Project Cost accountant is responsible for monitoring the financial aspects of projects while they are being completed. This includes investigating variances, approving expenses, and ensuring that project billings are issued to customers and payments collected. Project accountants may also be involved in best practices activities to streamline the flow of project-related information and to work closely with Project Manager and Vendor.

Principal Accountabilities

1. Create project accounts in the accounting system

2. Maintain project-related records, including contracts and change orders

3. Authorize access to project accounts

4. Authorize the transfer of expenses into and out of project-related accounts

5. Review and approve supplier invoices related to a project

6. Review and approve time sheets for work related to a project

7. Review and approve overhead charges to be applied to a project

8. Review account totals related to project assets and expenses

9. Investigate project variances and submit variance reports to management

10. Confer with receivables staff regarding unpaid contract billings

11. Report on project profitability to management

12. Report to management on any opportunities for additional billings

13. Report to management regarding the remaining funding available for projects

14. Create or approve all project-related billings to customers

15. Investigate all project expenses not billed to customers

16. Respond to requests for more detail from customers

17. Approve the write-off of any project-related billings that cannot be billed to or collected from customers

18. Close out project accounts upon project completion

19. Create and submit government reports and tax returns related to projects

20. Compile information for internal and external auditors, as required

    21. the preparation of forecasts and cashflow of the project.
    22.Work closely with Project Managers to ensure accurate client billing.

    23.Generates tax calculations to ensure accurate billing and familiar with Taiwan tax requirement.

    24. Familiar with PO requirement and monitor warranty and its requirement for accruing in the accounts the warranty cost etc.