Construction & trades
Construction accounting is job accounting. Every dollar has to land on a job, and the reviewer has to know what a claim, a retention and a variation look like in the ledger.
What we track
Costs are coded to jobs as they arrive: labour, materials, subcontractors and plant. Progress claims are raised on the contract schedule and reconciled to certified amounts. Retentions held and retentions owed are tracked separately and reported.
Work in progress and revenue recognition are handled so the monthly P&L reflects work actually done, not just invoices raised. Variations are tracked from instruction to claim to payment.
Subcontractors and withholding tax
Schedular payments to subcontractors carry withholding tax; we manage the deductions, the IRD filing and the certificates.
Specialist review
Your reviewer has worked with construction businesses and reads the job margin report the way you do.
What is included
- Job costing by labour, materials, subbies and plant
- Progress claims and certified amount reconciliation
- Retentions held and owed
- WIP and revenue recognition
- Variation tracking
- Contractor withholding tax and schedular payments