Construction accounting software for Indian builders and contractors

What Indian builders and contractors get out of the box

• Project costing — material / labour / sub / equipment

  Every project tracks budgeted vs actual at the cost-head level. Variance reports flag mid-project overruns by head so the PM can correct before the next certification.

• GST treatment — per-scheme, ITC vs no-ITC

  Under-construction residential (no-ITC scheme) vs commercial (with ITC) handled per scheme, with the applicable notified rate set per project. Builders' on-going-vs-completed project GST tracked per RERA registration. Rates changed under the GST 2.0 rationalisation effective 22 September 2025 — confirm the current rate for your scheme against the CBIC notification in force.

• RERA-compliant project accounting

  70% escrow account tracking, certified project completion stage, RERA Form 5 (project-wise expense + revenue) report, RERA Form 1 / 2 / 3 reconciliation.

• TDS on subcontractors (Sec 194C)

  Subcontractor payments above ₹30,000 in a single payment or ₹1 lakh in aggregate in a year attract TDS at 1% (individual) / 2% (other). Quarterly Form 26Q + TDS certificates.

• Retention tracking + release

  Retention held on customer invoices tracks separately as a balance-sheet receivable; auto-released on defect-liability period expiry or as per contract. Same for retention withheld on subcontractor bills.

• E-way bills for material movement

  Material movement from godown to site, between sites, or from supplier to site auto-generates e-way bills with distance + validity per NIC rules.

• Multi-project / multi-site reporting

  Per-project P&L, consolidated builder-group reporting, inter-project transfers (material allocation, shared equipment) post on both sides automatically.

• Capital goods GST ITC scheduling

  Heavy equipment (excavators, cranes, transit mixers) capital-goods ITC scheduled over 5 years or claimed upfront. Disposal-before-useful-life proportionate reversal handled correctly.