Project Cost Accounting, or PCA, is the accounting system used to record, evaluate and report on the financial performance of a specific project. It’s no secret that pursuing any venture involves considerable overhead costs. And although most budding entrepreneurs are familiar with traditional bookkeeping procedures, when it comes to managing projects, PCA is specifically designed to help track, measure and report associated expenses in detail. By taking into account all of the costs—from personnel services and materials to equipment —PCA helps ensure that businesses stay within budget and maximize profit margins by accurately monitoring spending throughout the entire life-cycle of a project. With PCA, businesses have an invaluable tool for making informed decisions about how best to allocate resources and analyze the performance of their projects over time.