Opportunity BasketMS Project Cost Reconciliation Audit Service
A specialized accounting service that audits MS Project 2016 installations monthly, identifies accrual-at-completion cost resource discrepancies, reconciles actual vs. recorded costs using forensic project data extraction, and produces certified reconciliation reports with corrected GL entries. The service uses custom scripts to pull raw project data, applies accounting rules to detect the accrual bug's impact, and delivers corrected cost journals ready for finance teams to post.
21 weeks • 70% confidence
Value Proposition
Eliminates the manual, error-prone reconciliation process that currently takes weeks per audit cycle. Provides legally defensible documentation of cost corrections. Costs far less than hiring a full-time accountant dedicated to this problem or upgrading to newer MS Project versions. Reduces audit risk and client billing disputes by proving cost accuracy.
Target Audience
Finance directors and controllers at mid-market firms (50–500 employees) running project-based billing or fixed-price contracts who use MS Project 2016 and need audit-trail documentation for SOX, GAAP, or client compliance.
Key Features
- Monthly automated MS Project database extraction and parsing of cost resource actuals
- Detection algorithm that flags tasks with accrual-at-completion cost resources and compares recorded vs. expected accrual timing
- Variance analysis report showing dollar impact of accrual timing errors by project, task, and cost resource
- And more, with full implementation detail...
Tech Stack
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Project managers cannot accurately track and reconcile actual costs for resources with end-of-task accrual in MS ProjectProject managers using MS Project 2016 struggle with a critical accounting problem: the software incorrectly updates actual cost figures for cost resources configured to accrue expenses at task completion, making financial reporting inaccurate and creating reconciliation nightmares. This breaks the fundamental requirement of project cost tracking and creates compliance issues for organizations that need precise cost accounting for billing, budgeting, and financial audits.
Score: 48.1%