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The function of a project accountant is determined by the project desires, but as a simple purpose, the project accountant place is accountable for monitoring the progress of projects, investigating variances, approving costs, and making certain that project billings are issued to shoppers and payments collected.[ten]

Project accounting is often used by federal government contractors, in which the opportunity to account for fees by contract (and often contract line item, or CLIN) is often a prerequisite for interim payments.[five]

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