Infrastructure & Construction
Construction and infrastructure work is accounted project by project, not month by month. Revenue is certified in stages, retention is held back for months, and sub-contractor bills arrive out of sequence — so the books only tell the truth if they are kept that way.
What goes wrong in this sector
- Project-wise costing not maintained, so nobody knows which site made money
- Running account bills and certified revenue recognised in the wrong period
- Retention money and security deposits untracked until they are due
- Sub-contractor and labour payments reconciled late
- GST on works contracts and RCM on specific services applied inconsistently
What we do about it
- Project-wise books with cost heads, so margin is visible per site
- Revenue recognised against certified bills and work completed
- Retention and deposit register maintained and followed up
- Sub-contractor ledger reconciliation with TDS applied correctly
- Works-contract GST treatment and RCM compliance