Project Accounting

Overview of Project Accounting

Project accounting, which is also sometimes referred to as job cost accounting, allows you to create financial reports specifically designed to track the financial progress of projects. These reports can then be used to aid in project management. Project accounting differs from standard accounting in that projects can often cross organizational (and financial) boundaries, can last from a few days/weeks to a number of years, and can also be one of a number of projects that make up a larger project or program. Project accounting allows reporting from multiple levels (as defined), and allows comparison with historical as well as current budgets.

Within DDI-Connect, the initial setup of Project Accounting requires assistance from a DDI staff member. If you are interested in configuring Project Accounting, please contact DDI Client Support for assistance.