Accounting for the project manager

Accounting for the project manager

Accounting for the Project Manager: A Project Manager (PM) is a professional responsible for planning, executing and closing projects within set deadlines, budgets and quality requirements. The PM’s role is to coordinate teams, manage resources and communicate with stakeholders, which requires organisational, analytical and interpersonal skills.

Activities performed by the Project Manager:

  • Project planning: Developing project plans, schedules and budgets.
  • Team management: Coordinating the work of teams, assigning tasks and monitoring progress.
  • Communication: Maintaining contact with stakeholders, suppliers and clients, reporting progress regularly.
  • Risk management: Identifying, analysing and managing project risks.
  • Implementation oversight: Monitoring task performance, ensuring compliance with plan and quality standards.
  • Change management: Introducing and managing changes to the project.

Specific accounting aspects for the Project Manager:

  • Legal analysis of contracts: Our office employs legal counsel, which allows us to offer a comprehensive legal analysis of service contracts. This is crucial for Project Managers who often conclude and negotiate project contracts.
  • Tax optimisation: we help Project Managers take advantage of the preferential flat rate on income of 8.5%, which significantly reduces tax liabilities and promotes efficient financial management. For more information, see our article Flat rate of 8.5% for Project Managers in IT.
  • Project cost records: We keep detailed records of project costs, which is crucial for budget management and reporting.

Our strengths:

Experience: We have extensive experience in serving Project Managers and project delivery companies in a variety of industries, which allows us to effectively support our clients.

Knowledge of regulations: We are up to date with current tax and legal regulations, which guarantees professional advice and risk minimisation.

Multilingual team: We offer support in English, Russian and Ukrainian, which is particularly important for Project Managers working with foreign clients.

Individual approach: We provide each client with an individual approach, tailored to their specific needs and requirements, allowing us to maximise the available tax benefits and optimise costs.

Tax advice: as tax advisors, we are qualified to advise on the choice of the correct flat rate on income

Our accounting office offers comprehensive accounting and advisory services for Project Managers. Thanks to our experience and expertise, Project Managers can focus on effective project management, confident that their finances and contracts are in good hands.