Services to Construction Industry
Accounts
related services:
Tax related services
Implementing
ERP:
We arrange for industry specific ERP
and help our client in successfully implementing the same within a reasonable
time frame.
With the help of ERP the Clients can
streamline all their business operations in a most efficient manner. The main
advantage of ERP is that all the business operations are controlled by one
single software, avoids duplication of work and provide up to date information
on all the business operations on real time basis which helps the management in
taking right decision at the right time.
There are low budget industry specific ERPs are available for SME segment
Most of medium size Builders / Developers are maintaining their
accounts on tally9. Tally9 is a standardized accounting software and does not
cater to the specific needs of the Builders / Developers. However, we configure
tally9 such that it will generate most of the useful MIS reports which otherwise
are not available in tally9. In order to serve / cater to the
specific needs of this industry we have designed a specific way of data entry
and certain year end finalization procedure which enable tally9 to generate
following useful reports:
-
Project wise profitability till the end of the project which is normally of 2-3 years.
-
Availability of Flats/ units for sale
-
Analysis of Contractor’s ledger accounts e.g. project wise retention money retained out of the payments made to the contractor, project wise security deposit received from the contractor, and project wise payment due to the contractor against outstanding bills.
-
Total slab wise installment receivable from all the customers when demand is raised for the same.
-
Valuation of stock on monthly basis
-
Monthly final accounts
-
Maintain inventory at the each project site.
-
Statutory reports for Service tax, TDS, FBT, VAT, Profession Tax etc.
-
Analysis of Customer’s account e.g. booking advance due, received, pending, advance towards expenses like stamp duty, registration etc. received and spent and agreement value of the property.
-
Monitoring of statutory compliances under various laws e.g. Service tax, TDS, FBT, VAT, Profession Tax
-
Preparation and filing of various tax returns.
-
Represent the client before the tax authorities.
-
Tax planning considering implication under various tax laws.
By providing all the above services under one roof we remove our clients’ hassle of approaching various consultants and coordinating with them and by planning their business affairs in the best possible ways we minimize tax burden and risk of non- compliances
SNK
