📒 Construction ERP · Project accounting
Every rupee of material, labour, plant and subcontract cost lands on the right cost code, next to its budget and commitments. Forecast the cost to complete, recognise revenue the way Ind AS 115 and AS 7 expect, and give directors live project profit and cash instead of year-end surprises.
The outline is the budget, stripes are committed orders, solid is cost to date and the marker is the forecast at completion. Open a cost code to see what's behind it. Example project.
The inner ring is the project phase, the outer ring what the money buys. Hover or tap a phase to see how it splits. Example budget.
Enter the budget, planned and actual progress and the cost to date. The dials show CPI and SPI; below 1.0 means over budget or behind schedule. Example figures; use your own.
Planned, earned and spent so far
Under the input (cost-to-cost) method, revenue to date is contract value × cost to date ÷ estimated total cost. Move the cost estimate revised at the end of year 2 and watch profit move between years. If cost goes above the contract value, the whole expected loss is booked at once. Example ₹4.54 Cr contract.
Costs incurred: ₹1.10 Cr in year 1, ₹1.80 Cr in year 2, and the rest in year 3. Ind AS 115 applies to Ind AS companies; others follow AS 7. Confirm the treatment with your auditor.
Costs go out before clients pay. The line is cumulative cash; its lowest point is the funding you'll need. Change payment terms, the advance and retention to see the valley move. Example 12-month project.
Nine capabilities, each linked to the related module or service.
Share one project's budget, purchase orders and cost ledger, and we'll show its cost to complete, earned value and cash forecast in a live demo.
Analyse my projectSee the Construction ERPSix steps that run every month.
What changes once cost, revenue and cash are tracked project by project.
Overruns show months before the project ends.
Accruals and WIP worked out automatically.
Funding gaps spotted before they hit the bank.
Revenue working papers for Ind AS 115 or AS 7.
From one large contract to many projects across companies.
One integrated system.
Industries and services connected to project accounting.
Answers for directors, finance and project teams.
It's accounting by project, or job costing. Every cost, from cement to a subcontractor's bill, is booked to a project and a cost code, so you can compare it with budget, forecast the final cost and see each project's profit, not just the company's.
Budget is what you planned to spend. Committed cost is what you've agreed to spend through approved purchase orders, work orders and hire orders. Actual cost is what has been received or billed. Watching all three shows overruns before the invoices arrive.
Cost to complete is the estimated cost of the work still to do. Add it to cost to date to get the estimate at completion (EAC). Teams usually forecast by cost code each month, and earned value gives a check: EAC = budget at completion ÷ CPI.
They're earned value indices. CPI (cost performance index) is earned value ÷ actual cost; below 1 means the work is costing more than planned. SPI (schedule performance index) is earned value ÷ planned value; below 1 means you're behind schedule.
Companies under Ind AS apply Ind AS 115 and usually recognise revenue over time, measuring progress with an input method such as cost incurred ÷ estimated total cost. Companies under Indian GAAP apply AS 7, which uses the percentage of completion method. Check with your auditor for your contracts.
The expected loss is recognised as an expense straight away, not spread over the remaining work. The ERP flags it as soon as the forecast cost goes above the contract value.
A contract asset is revenue you've earned but not yet billed (under-billing). A contract liability is billing or advances ahead of the work done (over-billing). Both are tracked per project and tie into progress billing.
Yes. It can track each project's RERA designated account, where 70% of amounts realised from allottees must be kept for that project, along with withdrawals, and GST input credit by project.
Usually 6 to 10 weeks, depending on the number of projects, companies and integrations such as Tally. This is an estimate.
Tell us how many projects you run and how you track job costs today. We reply within 4 business hours and can demo with your own data.