{"id":1578,"date":"2023-01-26T15:36:41","date_gmt":"2023-01-26T15:36:41","guid":{"rendered":"https:\/\/plaky.com\/learn\/?p=1578"},"modified":"2026-02-11T07:04:31","modified_gmt":"2026-02-11T07:04:31","slug":"project-accounting","status":"publish","type":"post","link":"https:\/\/plaky.com\/learn\/pt\/project-management\/project-accounting\/","title":{"rendered":"O Que \u00c9 Contabilidade de Projetos?"},"content":{"rendered":"\n<p class=\"translation-block wp-block-paragraph\">Did you know that, according to the latest <a href=\"https:\/\/plaky.com\/learn\/project-management\/project-management-statistics\/\" target=\"_blank\" rel=\"noreferrer noopener\">project management statistics<\/a>, poor resource management is the third-ranked reason for <a href=\"https:\/\/plaky.com\/blog\/reasons-for-project-failure\/\" target=\"_blank\" rel=\"noreferrer noopener\">project failure<\/a>?<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">To avoid going over budget or ending up with an unprofitable project on your hands, you should start taking your project accounting seriously.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">With project accounting, you\u2019ll get a clearer picture of where your project is heading financially.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">By understanding your project\u2019s financial health, you\u2019ll more easily direct your strategy toward success.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Keep reading as, in this guide, we\u2019ll cover:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\">Project accounting definition,<\/li>\n\n\n\n<li class=\"translation-block\">Differences between project accounting and general financial accounting,<\/li>\n\n\n\n<li class=\"translation-block\">Project accountant job description,<\/li>\n\n\n\n<li class=\"translation-block\">Advantages of project accounting,<\/li>\n\n\n\n<li class=\"translation-block\">Who benefits from project accounting, and<\/li>\n\n\n\n<li class=\"translation-block\">Real-life tips for project accountants.<\/li>\n<\/ul>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">So, let\u2019s dive in.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"600\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Project-accounting-cover.png\" alt=\"Project accounting - cover\" class=\"wp-image-7294\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Project-accounting-cover.png 1200w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Project-accounting-cover-300x150.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Project-accounting-cover-1024x512.png 1024w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Project-accounting-cover-768x384.png 768w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Project-accounting-cover-18x9.png 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n<\/div>\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 id=\"what-is-project-accounting\" class=\"wp-block-heading translation-block\">What is project accounting?<\/h2>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">According to <a href=\"https:\/\/projectaccounting.com.au\/what-is-project-accounting\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Project Accounting Australia<\/em><\/a>, project accounting is <em>\u201ca specialized form of accounting that focuses primarily on project delivery\u201d.<\/em><\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Project accounting includes activities such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\">Tracking,&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">Reporting, and&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">Analyzing financial results and implications.<\/li>\n<\/ul>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">As explained in <a href=\"https:\/\/www.goodreads.com\/book\/show\/10044953-project-management-accounting\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Project Management Accounting: Budgeting, Tracking, and Reporting Costs and Profitability<\/em><\/a>, project management accounting involves <em>\u201cmuch more than considering how project income and expense impact the general ledger.\u201d&nbsp;<\/em><\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Project accounting \u2014 sometimes referred to as project financial management \u2014 among other things encompasses:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\">Traditional accounting,&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">Cost accounting,&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">Budgeting,&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">Financing,&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">Cash flow management, and&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\"><a href=\"https:\/\/plaky.com\/learn\/project-management\/earned-value-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">Earned Value Management<\/a>.<\/li>\n<\/ul>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">To sum up, <strong>project accounting is a process of recording and analyzing all the financial information in a project.<\/strong><\/p>\n\n\n\n<h2 id=\"whats-the-difference-between-project-accounting-and-general-financial-accounting\" class=\"wp-block-heading translation-block\">What\u2019s the difference between project accounting and general financial accounting?<\/h2>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Project accounting and general accounting are similar as they both deal with financial transactions. However, there are some differences between the two.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">To address this topic, we\u2019ve reached out to an expert in the project accounting field \u2014 <a rel=\"noreferrer noopener\" href=\"https:\/\/www.linkedin.com\/in\/wendy-ha\/\" target=\"_blank\"><strong>Wendy Ha<\/strong><\/a>, the Founder, Principal Consultant, and Advisor at <a href=\"https:\/\/www.agilecpa.ca\/\" target=\"_blank\" rel=\"noreferrer noopener\">AgileCPA<\/a>.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Wendy is a Chartered Professional Accountant (CPA) and Certified Management Accountant (CMA) with over 10 years of experience as a finance and accounting leader.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">In her professional opinion, though some similarities between general and project accountant jobs do exist, there are a couple of differences as well.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Here&#8217;s how Wendy defines the general accountants&#8217; role:<\/p>\n\n\n\n<div class=\"wp-block-columns pro-blockquote is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png\" alt=\"Wendy Ha\" class=\"wp-image-1586\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png 500w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-300x300.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-150x150.png 150w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"translation-block wp-block-paragraph\"><em>\u201c<\/em><strong><em>General accountants<\/em><\/strong><em> will:<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><em>Review all the financial transactions of a business and record them in the correct ledger accounts.&nbsp;<\/em><\/li>\n\n\n\n<li class=\"translation-block\"><em>They will then &#8220;close the books&#8221; periodically and make any necessary period-end journal entries to comply with the accounting standards.&nbsp;<\/em><\/li>\n\n\n\n<li class=\"translation-block\"><em>Finally, they will present the financial statements along with the <\/em><a href=\"https:\/\/plaky.com\/blog\/kpi-project-management\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>KPIs<\/em><\/a><em> (key performance indicators) to stakeholders.\u201d<\/em><\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">And, here&#8217;s how Wendy defines the project accountants&#8217; role:<\/p>\n\n\n\n<div class=\"wp-block-columns pro-blockquote is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png\" alt=\"Wendy Ha\" class=\"wp-image-1586\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png 500w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-300x300.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-150x150.png 150w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"translation-block wp-block-paragraph\"><em>\u201c<\/em><strong><em>Project accountant<\/em><\/strong><em>&#8216;s role is similar to a corporate accountant, but more on a detailed, project level:&nbsp;<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><em>They will only consider the transactions related to that project, and the key goal is to monitor the project to ensure it is within budget and it is profitable.&nbsp;<\/em><\/li>\n\n\n\n<li class=\"translation-block\"><em>They will mainly present the results to management.\u201d<\/em><\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">So, let\u2019s sum up the key differences between project accounting and financial accounting:<\/p>\n\n\n\n<h3 id=\"1-scope\" class=\"wp-block-heading translation-block\">#1 Scope<\/h3>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">General accounting deals with all financial transactions of the entire business, while project accounting reviews only project-related transactions.<\/p>\n\n\n\n<h3 id=\"2-time-frame\" class=\"wp-block-heading translation-block\">#2 Time frame&nbsp;<\/h3>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">General accounting is done periodically, that is, over defined periods of time (for example, monthly or yearly). Project accounting, on the other hand, relates to shorter time periods or project milestones.<\/p>\n\n\n\n<h3 id=\"3-persons-you-report-to\" class=\"wp-block-heading translation-block\">#3 Persons you report to<\/h3>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">In general accounting, financial statements are usually presented to <a href=\"https:\/\/plaky.com\/learn\/project-management\/stakeholder-in-project-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">stakeholders<\/a>, while in project accounting, the reports are presented to management.<\/p>\n\n\n\n<h2 id=\"what-does-a-project-accountant-do\" class=\"wp-block-heading translation-block\">What does a project accountant do?<\/h2>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">To obtain firsthand information about the responsibilities of a project accountant, we once again turn to Wendy Ha.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">At one point, Wendy worked in an animation studio where she was responsible for handling 5 projects or animated series.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Here is a list of Wendy\u2019s day-to-day activities as a project accountant at that time:<\/p>\n\n\n\n<div class=\"wp-block-columns pro-blockquote is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png\" alt=\"Wendy Ha\" class=\"wp-image-1586\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png 500w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-300x300.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-150x150.png 150w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"translation-block wp-block-paragraph\">\u201c<em>The day-to-day activities include:<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><em>Generating client invoices and recording payments,<\/em><\/li>\n\n\n\n<li class=\"translation-block\"><em>Inputting vendor bills and issuing payments to vendors,<\/em><\/li>\n\n\n\n<li class=\"translation-block\"><em>Running payroll (for the production cast and crew),&nbsp;<\/em><\/li>\n\n\n\n<li class=\"translation-block\"><em>Bank reconciliation,<\/em><\/li>\n\n\n\n<li class=\"translation-block\"><em>Preparing financial, variance, and other ad hoc reports,&nbsp;<\/em><\/li>\n\n\n\n<li class=\"translation-block\"><em>Meeting producer\/manager to discuss cost spent to date, variances and milestones\/deliverables achieved, and projected income for the remainder of the project.\u201d<\/em><\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Wendy personally enjoys the project accountant role because it\u2019s detail-oriented:<\/p>\n\n\n\n<div class=\"wp-block-columns pro-blockquote is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png\" alt=\"Wendy Ha\" class=\"wp-image-1586\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png 500w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-300x300.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-150x150.png 150w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"translation-block wp-block-paragraph\"><em>\u201cFor example, the budget for an animation project will include items that you normally don&#8217;t see in typical financial statements. These items include producer\/stars\/director fees to storyboard\/make-artist\/wardrobe fees to editing\/sound mixing\/subtitle fees.\u201d<\/em><\/p>\n<\/div>\n<\/div>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Wendy also states that having to stay on top of the project is another important aspect of an accountant\u2019s job:<\/p>\n\n\n\n<div class=\"wp-block-columns pro-blockquote is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png\" alt=\"Wendy Ha\" class=\"wp-image-1586\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png 500w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-300x300.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-150x150.png 150w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"translation-block wp-block-paragraph\">\u201c<em>Project accountants also need to be up to date with the operational side of the projects (i.e. tasks, milestones, deliverables) to track the costs\/revenue against the project progress.\u201d<\/em><\/p>\n<\/div>\n<\/div>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">As we can see from Wendy\u2019s example \u2014 working on projects as an accountant \u2014 apart from the financial activities, you also need to be familiar with basic <a rel=\"noreferrer noopener\" href=\"https:\/\/plaky.com\/learn\/project-management\/what-is-project-management\/\" target=\"_blank\">project management<\/a> concepts, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\">Project tasks,<\/li>\n\n\n\n<li class=\"translation-block\">Project milestones, or<\/li>\n\n\n\n<li class=\"translation-block\"><a href=\"https:\/\/plaky.com\/learn\/project-management\/deliverable-in-project-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">Project deliverables<\/a>.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"why-is-project-accounting-important\" class=\"wp-block-heading translation-block\">Why is project accounting important?<\/h2>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">It\u2019s said that there are 3 pillars of project management, the so-called, Iron Triangle of Project Management, which includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><a href=\"https:\/\/plaky.com\/learn\/project-management\/scope-in-project-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">Project scope<\/a>,<\/li>\n\n\n\n<li class=\"translation-block\">Project time, and<\/li>\n\n\n\n<li class=\"translation-block\">Project cost.<\/li>\n<\/ul>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Project cost or <a href=\"https:\/\/plaky.com\/blog\/project-management-budgeting-methods\/\" target=\"_blank\" rel=\"noreferrer noopener\">project budget<\/a> is where project accounting fits in, with a focus on the financial management processes.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Managing <a href=\"https:\/\/plaky.com\/blog\/project-management-vs-program-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">projects or programs<\/a> can often be a <a href=\"https:\/\/plaky.com\/blog\/project-management-challenges\/\" target=\"_blank\" rel=\"noreferrer noopener\">challenge for project managers<\/a> and accountants because they often <a href=\"https:\/\/plaky.com\/blog\/manage-multiple-projects\/\" target=\"_blank\" rel=\"noreferrer noopener\">juggle multiple projects<\/a> coordinately.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">To rise to that challenge and reach the desired goals \u2014 a successful project delivery \u2014 Wendy recommends that <a href=\"https:\/\/plaky.com\/blog\/communication-in-project-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">project team members should actively communicate<\/a> with each other and stay up to date with all the ongoing changes:<\/p>\n\n\n\n<div class=\"wp-block-columns pro-blockquote is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png\" alt=\"Wendy Ha\" class=\"wp-image-1586\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png 500w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-300x300.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-150x150.png 150w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"translation-block wp-block-paragraph\"><em>\u201cIt is very important to meet regularly with the producer\/manager because the lifespan of the project can be quite short (6-9 months). If there is an overrun in one area, we need to let the producer\/manager know as soon as possible so they can make key decisions.\u201d<\/em><\/p>\n<\/div>\n<\/div>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Wendy further illustrates the importance of staying informed, with an example from when she worked as a project accountant in the animation industry:<\/p>\n\n\n\n<div class=\"wp-block-columns pro-blockquote is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png\" alt=\"Wendy Ha\" class=\"wp-image-1586\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png 500w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-300x300.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-150x150.png 150w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"translation-block wp-block-paragraph\"><em>\u201cFor example, in one animation project, the voice actor budget was around $25K for 10 episodes. After 5 episodes, we&#8217;ve paid them $20K already, so there was an issue. We need to make sure the voice actor can record the remaining 5 episodes as quickly as possible. If not, it will go over budget. In order to overcome this, the project accountant has to be up to date (ideally on a weekly, if not, a daily basis) to monitor the income and costs.\u201d<\/em><\/p>\n<\/div>\n<\/div>\n\n\n\n<h3 id=\"the-main-benefits-of-project-accounting\" class=\"wp-block-heading translation-block\">The main benefits of project accounting<\/h3>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Based on the above examples, we can conclude that project accounting plays a vital role in project management, which is why it should be an integral part of it.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">To sum up, project accounting is important because it allows you to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\">Monitor incomes and expenses,<\/li>\n\n\n\n<li class=\"translation-block\">Keep cost and contingencies under control and prevent <a href=\"https:\/\/plaky.com\/blog\/cost-overrun\/\" target=\"_blank\" rel=\"noreferrer noopener\">budget overruns<\/a>,<\/li>\n\n\n\n<li class=\"translation-block\">Track project milestones,<\/li>\n\n\n\n<li class=\"translation-block\">Gain the latest information on the project\u2019s progress,<\/li>\n\n\n\n<li class=\"translation-block\">Facilitate the decision-making progress with valuable information on the potential issues,<\/li>\n\n\n\n<li class=\"translation-block\">Help the <a href=\"https:\/\/plaky.com\/learn\/project-management\/project-roles\/\" target=\"_blank\" rel=\"noreferrer noopener\">project team<\/a> understand the project\u2019s profitability,<\/li>\n\n\n\n<li class=\"translation-block\">Increase chances of achieving project success, and&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">Identify <a href=\"https:\/\/plaky.com\/blog\/lessons-learned-in-project-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">lessons learned<\/a> for future projects.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"who-uses-project-accounting\" class=\"wp-block-heading translation-block\">Who uses project accounting?<\/h2>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Project accountants and <a href=\"https:\/\/plaky.com\/learn\/project-management\/what-project-managers-do\/\" target=\"_blank\" rel=\"noreferrer noopener\">project managers<\/a> usually work together to achieve a shared goal \u2014 a successful project.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">But, if the project isn\u2019t profitable, it can hardly be called successful.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">With that in mind, all <strong>projects that track time or cost against milestones<\/strong> should have a project accountant to monitor them.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">As explained in the <a href=\"https:\/\/www.goodreads.com\/book\/show\/32700922-construction-extension-to-the-pmbok-guide\" target=\"_blank\" rel=\"noreferrer noopener\"><em>PMBOK\u00ae Guide, Construction Extension<\/em><\/a>,<em> <\/em>industries that usually benefit the most from project accounting are those<strong> <\/strong>with projects that result in a one-of-a-kind deliverable with each new contract.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Here are examples of such industries:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\">Construction,<\/li>\n\n\n\n<li class=\"translation-block\">Engineering,&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">IT, and<\/li>\n\n\n\n<li class=\"translation-block\">Creative industries.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"4-essential-tips-for-project-accountants\" class=\"wp-block-heading translation-block\">4 essential tips for project accountants<\/h2>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">If you\u2019re still struggling with the basics of project accounting, don\u2019t worry \u2014 here are some tips and tricks that will make your project accounting life easier:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li class=\"translation-block\">Have project documents at your disposal,<\/li>\n\n\n\n<li class=\"translation-block\">Be flexible with your plan,&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">Use project accounting systems, and<\/li>\n\n\n\n<li class=\"translation-block\">Learn from practice.<\/li>\n<\/ol>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Keep reading, as we\u2019re about to cover these tips in more detail.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">\n<div class=\"banner banner-dark plaky-gradient-default\">\n    <div class=\"banner-text lg:pr-[6rem]\">\n        <h2 class=\"translation-block text-2xl !mb-4\">Free project management software<\/h2>\n        <p class=\"translation-block !text-sm\">Keep everyone in the loop and get collaborating. Try Plaky today!<\/p>\n\n        <div class=\"banner-buttons d-flex space-x-4 translation-block\">\n            <a class=\"rounded-md px-6 py-2 bg-white\" href=\"https:\/\/app.plaky.com\/signup\" target=\"_blank\">Sign up<\/a>\n\n                            <a class=\"button-2\" href=\"https:\/\/plaky.com\" target=\"_blank\">Learn more<\/a>\n                    <\/div>\n    <\/div>\n\n    <div class=\"banner-image banner-image-right \">\n        <picture>\n            <source srcset=\"https:\/\/plaky.com\/learn\/wp-content\/themes\/cake-learn\/src\/images\/plaky\/banners\/default@2x.png 2x\" alt=\"Illustration\"  media=\"(min-width: 1022px)\" \/>\n            <img decoding=\"async\" src=\"https:\/\/plaky.com\/learn\/wp-content\/themes\/cake-learn\/src\/images\/plaky\/banners\/default.png\"  alt=\"Illustration\" \/>\n        <\/picture>\n    <\/div>\n<\/div>\n    <\/p>\n\n\n\n<h3 id=\"1-have-project-documents-at-your-disposal\" class=\"wp-block-heading translation-block\">#1 Have project documents at your disposal<\/h3>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">As explained in <em>Project Management Accounting: Budgeting, Tracking, and Reporting Costs and Profitabilit<\/em>y, information collection is a crucial element in both project management and accounting.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Correct information and documents facilitate effective decision-making, which is one of the prerequisites for project success.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">These are the documents that help you better understand your project\u2019s financial health:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><a href=\"https:\/\/plaky.com\/learn\/project-management\/project-charter\/\" target=\"_blank\" rel=\"noreferrer noopener\">Project charter<\/a>,<\/li>\n\n\n\n<li class=\"translation-block\"><a href=\"https:\/\/plaky.com\/learn\/project-management\/work-breakdown-structure-in-project-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">Work breakdown structure<\/a>,&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">Project budget and cash flow,&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">Resource plan,<\/li>\n\n\n\n<li class=\"translation-block\">Procurement plan,<\/li>\n\n\n\n<li class=\"translation-block\">Quality plan,<\/li>\n\n\n\n<li class=\"translation-block\"><a href=\"https:\/\/plaky.com\/learn\/project-management\/risk-management-in-project-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">Project risk response<\/a> plan, and<\/li>\n\n\n\n<li class=\"translation-block\"><a href=\"https:\/\/plaky.com\/learn\/project-management\/project-status-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">Project status reports<\/a>.<\/li>\n<\/ul>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Proper documentation provides a clear overview of the project and helps you remain realistic with your objectives.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Our source, Wendy Ha, highlights the importance of fully understanding your project even before the initiation stage:&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-columns pro-blockquote is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png\" alt=\"Wendy Ha\" class=\"wp-image-1586\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png 500w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-300x300.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-150x150.png 150w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"translation-block wp-block-paragraph\"><em>\u201cIt is important for the project accounting manager to fully understand the project and budget prior to the start of the project. Their goal is to ensure that it is reasonable and has some room for contingency (this will minimize risks if the project overruns).\u201d<\/em><\/p>\n<\/div>\n<\/div>\n\n\n\n<h3 id=\"2-be-flexible-with-your-plan\" class=\"wp-block-heading translation-block\">#2 Be flexible with your plan<\/h3>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Projects rarely go according to the initial plan, especially in an agile environment.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Due to the ever-changing nature of projects, it is essential to remain flexible and quickly adapt to those changes.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">To stay in control of your project\u2019s financials \u2014 it\u2019s good to have a plan B or even a plan C, if necessary.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Here\u2019s some expert planning advice:<\/p>\n\n\n\n<div class=\"wp-block-columns pro-blockquote is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png\" alt=\"Wendy Ha\" class=\"wp-image-1586\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png 500w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-300x300.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-150x150.png 150w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"translation-block wp-block-paragraph\"><em>\u201cI typically have at least 3 plans: Base, fair, and worst-case scenarios. This way, if the base case is not going to plan, you already have a backup \u2018fair and worst case\u2019 plan.\u201d<\/em><\/p>\n<\/div>\n<\/div>\n\n\n\n<h3 id=\"3-use-project-accounting-systems\" class=\"wp-block-heading translation-block\">#3 Use project accounting systems<\/h3>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">According to the <em>PMBOK\u00ae Guide, Construction Extension<\/em>, the project accounting system should <em>\u201cbe similar in structure to the work breakdown structure (WBS), showing the breakdown of the total project in more controllable modules.\u201d<\/em><\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">The guide also explains that the size of the project determines the accounting system you should opt for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\">In small and medium-sized projects, you can keep the breakdowns on simple spreadsheet-generated S-curves, while<\/li>\n\n\n\n<li class=\"translation-block\">Large projects require more sophisticated accounting systems.<\/li>\n<\/ul>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Wendy Ha chooses the accounting software depending on the project type and its budget:<\/p>\n\n\n\n<div class=\"wp-block-columns pro-blockquote is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png\" alt=\"Wendy Ha\" class=\"wp-image-1586\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png 500w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-300x300.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-150x150.png 150w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"translation-block wp-block-paragraph\"><em>\u201cThis really depends on the industry and the budget. I&#8217;ve used Netsuite before, but Quickbooks\/Xero can also work (with proper setup). In the film + media space, I&#8217;ve used a project Vista or Smart Accounting.\u201d<\/em><\/p>\n<\/div>\n<\/div>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Also, using a project management tool and an accounting system simultaneously facilitates understanding the project completely.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Project management software helps you keep track of all <a href=\"https:\/\/plaky.com\/blog\/project-activities\/\" target=\"_blank\" rel=\"noreferrer noopener\">project activities<\/a> and thus stay up to date with the changes.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Here\u2019s what managing a project looks like in <a href=\"https:\/\/plaky.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Plaky<\/a>, a project management tool:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"700\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2024\/02\/A-single-project-in-Plaky.png\" alt=\"Plaky project management software\" class=\"wp-image-5264\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2024\/02\/A-single-project-in-Plaky.png 1200w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2024\/02\/A-single-project-in-Plaky-300x175.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2024\/02\/A-single-project-in-Plaky-1024x597.png 1024w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2024\/02\/A-single-project-in-Plaky-768x448.png 768w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2024\/02\/A-single-project-in-Plaky-18x12.png 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption class=\"wp-element-caption\">Managing projects in the Plaky project management tool<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"translation-block wp-block-paragraph\">As you can see in the example, with a project management app, you can easily access project information at any time, e.g.:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\">Task statuses,&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">Task priorities,&nbsp;<\/li>\n\n\n\n<li class=\"translation-block\">Task deadlines,<\/li>\n\n\n\n<li class=\"translation-block\">Task costs, etc.<\/li>\n<\/ul>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">The access to real-time information facilitates tracking costs and revenues and comparing them with how the project\u2019s progressing.<\/p>\n\n\n\n<h3 id=\"4-learn-from-practice\" class=\"wp-block-heading translation-block\">#4 Learn from practice<\/h3>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Along with courses and books, learning from practical <a href=\"https:\/\/plaky.com\/blog\/how-to-get-project-management-experience\/\" target=\"_blank\" rel=\"noreferrer noopener\">project experience<\/a> is essential for becoming a successful accountant.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">For that matter, you should embark on your first project as soon as possible.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Wendy Ha shared with us her journey toward becoming an expert in the project accounting field:<\/p>\n\n\n\n<div class=\"wp-block-columns pro-blockquote is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png\" alt=\"Wendy Ha\" class=\"wp-image-1586\" srcset=\"https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1.png 500w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-300x300.png 300w, https:\/\/plaky.com\/learn\/wp-content\/uploads\/2023\/01\/Wendy-Ha-1-150x150.png 150w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"translation-block wp-block-paragraph\"><em>\u201cI learned a lot of project accounting concepts back at university and when I was getting my CPA designation. I also read some books\/articles to further increase my knowledge of project management (i.e. Project Management for Dummies). Most importantly, I developed most of my skill set through real-life projects and believe this is the most valuable learning experience.\u201d<\/em><\/p>\n<\/div>\n<\/div>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">So the most valuable tip is to keep educating yourself about project management and gaining practical knowledge.<\/p>\n\n\n\n<div class=\"wp-block-group pro-tip\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"translation-block wp-block-paragraph\">\ud83d\udca1 <strong>Plaky Pro Tip:<\/strong><\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">If you\u2019re looking for more project management book recommendations, check out this guide:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><a href=\"https:\/\/plaky.com\/learn\/project-management\/project-management-books\/\" target=\"_blank\" rel=\"noreferrer noopener\">20 Best Project Management Books for Your Professional TBR List<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">\n<div class=\"banner banner-dark plaky-gradient-landing-2\">\n    <div class=\"banner-text lg:pr-[6rem]\">\n        <h2 class=\"translation-block text-2xl !mb-4\">Free project management software<\/h2>\n        <p class=\"translation-block !text-sm\">Take control of your projects and get your team moving. Sign up for Plaky now!<\/p>\n\n        <div class=\"banner-buttons d-flex space-x-4 translation-block\">\n            <a class=\"rounded-md px-6 py-2 bg-white\" href=\"https:\/\/app.plaky.com\/signup\" target=\"_blank\">Try for free<\/a>\n\n                            <a class=\"button-2\" href=\"https:\/\/plaky.com\/apps\" target=\"_blank\">Download<\/a>\n                    <\/div>\n    <\/div>\n\n    <div class=\"banner-image banner-image-middle \">\n        <picture>\n            <source srcset=\"https:\/\/plaky.com\/learn\/wp-content\/themes\/cake-learn\/src\/images\/plaky\/banners\/landing-2@2x.png 2x\" alt=\"Illustration\"  media=\"(min-width: 1022px)\" \/>\n            <img decoding=\"async\" src=\"https:\/\/plaky.com\/learn\/wp-content\/themes\/cake-learn\/src\/images\/plaky\/banners\/landing-2.png\"  alt=\"Illustration\" \/>\n        <\/picture>\n    <\/div>\n<\/div>\n    <\/p>\n\n\n\n<h2 id=\"project-management-and-project-accounting-are-tightly-related-and-together-they-lead-to-project-success\" class=\"wp-block-heading translation-block\">Project management and project accounting are tightly related, and together they lead to project success<\/h2>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">In this guide, we have covered the basics of project accounting and given you some real-life expert advice on the topic.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Also, we have concluded that project accounting is tightly related to project management and that they can hardly function separately.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Due to this strong correlation, project accountants should clearly understand key project management concepts to do their job successfully.&nbsp;<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">After all, project accounting provides crucial feedback on your finances, further affecting all important project-related decisions.<\/p>\n\n\n\n<p class=\"translation-block wp-block-paragraph\">Let&#8217;s wrap up with this quote explaining the importance of resources: <em>\u201cthe strategy of a company must be driven by financials; whatever the company\u2019s mission is, without sound financials, the company cannot succeed\u201d<\/em> (Callahan et al., 2011).<\/p>\n\n\n\n<p class=\"custom-btn translation-block wp-block-paragraph\"><a href=\"https:\/\/app.plaky.com\/signup)\" target=\"_blank\" rel=\"noreferrer noopener\">Get started with Plaky<\/a><\/p>\n\n\n\n<p class=\"has-background translation-block wp-block-paragraph\" style=\"background-color:#e5f6fe\">\ud83d\udcd6 Project accounting or project financial management is directly related to the management of the budget constraint. To learn more about all the different types of project constraints, who manages them, and how, explore our <a href=\"https:\/\/plaky.com\/learn\/glossary\/\" target=\"_blank\" rel=\"noreferrer noopener\">Project Management Glossary of Terms<\/a> where you\u2019ll find a range of project management terminology every project manager should be familiar with, from basic to highly advanced.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A contabilidade de projetos \u00e9 um processo de registro e an\u00e1lise de todas as informa\u00e7\u00f5es financeiras de um projeto espec\u00edfico.<\/p>","protected":false},"author":14,"featured_media":7295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,4],"tags":[],"class_list":["post-1578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-basic-terminology","category-project-management"],"acf":[],"_links":{"self":[{"href":"https:\/\/plaky.com\/learn\/pt\/wp-json\/wp\/v2\/posts\/1578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plaky.com\/learn\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plaky.com\/learn\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plaky.com\/learn\/pt\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/plaky.com\/learn\/pt\/wp-json\/wp\/v2\/comments?post=1578"}],"version-history":[{"count":27,"href":"https:\/\/plaky.com\/learn\/pt\/wp-json\/wp\/v2\/posts\/1578\/revisions"}],"predecessor-version":[{"id":11608,"href":"https:\/\/plaky.com\/learn\/pt\/wp-json\/wp\/v2\/posts\/1578\/revisions\/11608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plaky.com\/learn\/pt\/wp-json\/wp\/v2\/media\/7295"}],"wp:attachment":[{"href":"https:\/\/plaky.com\/learn\/pt\/wp-json\/wp\/v2\/media?parent=1578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plaky.com\/learn\/pt\/wp-json\/wp\/v2\/categories?post=1578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plaky.com\/learn\/pt\/wp-json\/wp\/v2\/tags?post=1578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}