How do you handle project accounting for joint ventures and partnerships?
Project accounting is a specialized branch of accounting that tracks the financial performance of individual projects. It helps you measure the costs, revenues, and profitability of each project, as well as allocate resources and manage risks. But what if you are working on a joint venture or a partnership with another entity? How do you handle project accounting for such scenarios? In this article, we will explain some of the key aspects of project accounting for joint ventures and partnerships, and how to avoid common pitfalls and challenges.