How Your Project-oriented Business Can Function on a Less Complex, More Industry-standard Chart of Accounts
Consona/Relevant Business Systems
Most project-oriented businesses are faced with poorly designed, archaic computer systems that have inadequate project reporting and accounting structures. This can limit the information provided to project managers for project reporting. However, properly designed work breakdown structure (WBS) systems give cost and general accounting the ability to rely on a simpler chart of accounts, while providing more project management flexibility.