Epicor Project Accounting Description
Project-based organizations are subject to a variety of additional accounting and financial reporting requirements. These are not only from within, but also from a more complex regulatory framework. Project accounting is often required to cross organizational and geographical boundaries. Matrix management also requires flexible project reporting. Projects that last from a few weeks or months to several years can add complexity. Budgets may need to be revised multiple times. Project accounting is further complicated by regulatory compliance and the need to recognize revenue transparently. This is where the challenge lies: to meet all these requirements using a single accounting system with minimal administrative overhead and maximum flexibility.
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