Project Accountant Duties & Responsibilities

The role and function of a Project Accountant includes the following duties and responsibilities:

Reporting to the Accounting Supervisor or other project managers as required.
Reviewing budgets, including staffing, work plans, and fee structures.
Monitoring receivable income and supporting project managers with collections.
Issuing invoices and purchase orders, as well as paying consultant, subcontractor, vendor, and supplier bills.
Ensuring a steady cash flow by generating, auditing, and sending invoices in a timely manner.
Updating contracts according to client requirements and reporting associated budget amendments.
Providing project managers and clients with timely financial reports and budgets, as well as project forecasts.
Preparing pre-billing reports for project managers to review.
Preparing actual costs, working capital, and tax reports.

Note that this is not an exhaustive list of Project Accountant duties and responsibilities. Job functions for specific Project Accountant roles may vary, depending on the industry and type of employer.

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