Principal Accountabilities

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.

Create project accounts in the accounting system

Maintain project-related records, including contracts and change orders

Authorize access to project accounts

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

Review and approve supplier invoices related to a project

Review and approve time sheets for work related to a project

Review and approve overhead charges to be applied to a project

Review account totals related to project assets and expenses

Investigate project variances and submit variance reports to management

Confer with receivables staff regarding unpaid contract billings

Report on project profitability to management

Report to management on any opportunities for additional billings

Report to management regarding the remaining funding available for projects

Create or approve all project-related billings to customers

Investigate all project expenses not billed to customers

Respond to requests for more detail from customers

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

Close out project accounts upon project completion

Create and submit government reports and tax returns related to projects

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.