Accounting specifics
- Revenue recognition based on stage of completion
- Accounting for construction contracts
- Retentions and staged payments
- Project-based cost accounting
- Provisions and warranties for works
Accounting for construction companies
The construction and engineering (utilities) sector involves complex accounting requirements driven by long-term contracts, phased project execution, cost estimates, and materials management. Well-structured accounting is essential to achieve expected financial results, maintain cost control, and reduce tax risks.
Required documents
- Construction contracts
- Cost estimates (budgets)
- Work completion and acceptance certificates
- Tax invoices
Common challenges
- Incorrect revenue recognition
- Material losses
- Missing supporting documents
- Errors in project cost calculation
Benefits
Why choose us?
We have in-depth knowledge of construction processes—from cost estimation to material write-offs—and know how to structure accounting information effectively, which is essential for project profitability.
Cost control
Enhanced focus on costs and project profitability.
Project management
Accounting structured by sites, phases, and projects.
Risk reduction
Minimizing tax and contractual risks.
Included services
- Accounting for construction and installation works
- Management of main and subcontractor agreements
- Accounting for construction materials and equipment
Our experience
“We work with companies in civil, industrial construction, and engineering infrastructure projects.”
Would you like us to handle your accounting?
Reach out to discuss the specifics of your projects