I wanted some brief information about accounting package.

Project accounting is a special type of accounting that matches the ever-expanded needs of project delivery, which tracks, reports and analyzes adequately about financial results and effects. This involves the practice of preparing specially designed financial reports to track the financial progress of projects, which can then be used by managers to help project management.

Traditionally, project accounting and its principles were mainly used to track and report large construction, engineering and government projects. Today, project management delivery methods have expanded in many other areas, including financial, technology and legal. After this, accounting for the project needs to be followed to understand and understand follow-up financial tracking and financial implications to cover these areas.

For the purpose of distributing one or more business products, the need for project accounting was created as a special area by the nature of the projects in the form of separate temporary individual units [3] as the nature of each project Business-run business-may vary from usual activities; Existing management accounting and financial accounting skills were considered inadequate to properly craft a project and advise financial reporting properly. Therefore, a new field emerged in the accounting sector - project accounting