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Answer Posted / kiran
Project Accounting is the one of the module which the entire details of project got structured, for example consider an construction company and this const.. company have diff costumers.. for eg consider Govt organization has given a project to build apartments for there employees to this construction company. In order to move forward with project given by Govt client couple of entities will be placed between company to company. In Project Accounting these named as.. Project type(what type of project it is), Tasks(Work breakdown structures, assigning the work in diff level of tasks),Customers and contacts(information about customers and there contact lists),Agreement and Funding(Bonding between company to company which comes under project billing),Budgets(cost related, multiple types),Events(generates revenue and buildings),expenditures(extra accounts),Key members(key role members for the project like Project manager, Architecture,... ), Transactions controls....
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