Key features
- Accounting for work in progress and phased handover of projects
- Working with subcontractors and acts of completed work
- Accounting for construction materials and write-offs
- Dealing with customers under long-term contracts
Why this is a separate area
The construction industry has its own rules for recognizing revenue by stages and a special document flow with subcontractors — a general approach to accounting often leads to mistakes here.
Frequently asked questions
Do you work with general contractors and subcontractors at the same time?
Yes, we keep accounts taking the whole chain of contractual relationships into account.
Do you help with accounting for materials on site?
Yes, including write-offs and inventory counts.