BAS Construction. Accounting is a specialized software product for accounting and tax accounting in construction activities. The solution is developed on the basis of the standard BAS Accounting solution and takes into account the practical tasks of construction companies: accounting for construction sites, construction and installation works, contractor and subcontractor work, internal settlements between branches and more.
The software helps maintain accounting not only for the company as a whole, but also by construction sites, contracts, counterparties, cost items, work stages and financially responsible persons. This is important for companies that manage several sites at the same time, perform part of the work with their own resources and outsource part of the work to contractors or subcontractors.
The system allows you to record acceptance of work from a subcontractor and then use these certificates when transferring the work to the customer, maintain warehouse accounting of materials, and control settlements with suppliers, customers, buyers, contractors and branches.
When a construction company needs BAS Construction. Accounting
Several sites at the same time
When expenses, materials, certificates, contracts and settlements must be maintained separately for each construction site.
Accounting for construction and installation works
Recording construction and installation works performed by the company’s own teams or by external contractors.
Subcontractor work
Acceptance of subcontractor work by site with the possibility of later transferring these works to the customer.
Inventory accounting
Warehouse accounting of materials, workwear, tools, equipment and other production inventories by responsible persons.
Settlements with counterparties
Control of settlements with suppliers, buyers, customers, contractors and subcontractors.
Accounting between branches
Internal settlements between departments and branches, including reconciliation acts and settlement analytics.Construction accounting without scattered spreadsheets
In construction, standard accounting is often not enough because one contract may be connected with several sites, work stages, contractors, materials, advances, certificates of completed work and internal transfers. For this reason, a company needs not just software for reporting, but an industry-specific tool for daily accounting of construction operations.
BAS Construction. Accounting allows accounting for the activities of the investor, customer and contractor in a single information database. This is convenient for companies that perform several roles in the construction process at the same time or work with a complex contract structure.
The software supports accounting for capital investments, equity contributions, work in progress, construction and installation works, production inventories, customer services and settlements under assignment of claim agreements. As a result, the accounting department sees not only primary documents, but also the full accounting logic of the construction process.
A detailed list of capabilities is available on the BAS Construction. Accounting features page, and information about licenses and purchase options can be viewed on the BAS Construction. Accounting prices page.
What the software actually controls
- accounting for construction and installation works by construction site
- acceptance of subcontractor work and transfer of work to the customer
- warehouse accounting of materials, workwear, tools and equipment
- accounting for work in progress by cost items
- settlements with suppliers, customers, contractors and buyers
- internal settlements between branches and departments
- reconciliation acts with counterparties and branches
- reports analyzing customer payments and settlements with subcontractors
How BAS Construction. Accounting fits into company operations
The software is useful where the accounting department works not only with standard documents, but also with construction specifics: certificates of completed work, materials on sites, general contractor services, capital investments, internal settlements and cost control by projects.
Investor
Accounting for an investment project, equity contributions, own and borrowed funds, long-term investments and capital investments.Customer
Recording customer services as part of capital investments, acceptance of a completed construction facility and control of settlements.Contractor
Accounting for construction and installation works, cost, revenue, materials, work in progress and contract performance.Subcontractors
Recording accepted works by site, using certificates when transferring works to the customer and controlling settlements.Warehouses and responsible persons
Accounting for production inventories, workwear, tools, equipment and materials by financially responsible persons.Branches and departments
Internal settlements, advice notes, reconciliation acts by branches and reports on the status of mutual settlements.How BAS Construction. Accounting differs from standard accounting
A standard accounting system covers basic accounting tasks well, but a construction company works with long projects, work stages, contractors, subcontractors, materials on sites, equity contributions and capital investments. These processes require industry-specific detail.
BAS Construction. Accounting takes into account that one company may act as an investor, customer, contractor or general contractor at the same time. Therefore, accounting is built not only around standard documents, but also around the construction site, contract, work stage, costs and mutual settlements.
A separate advantage of the software is the ability to record work accepted from a subcontractor so that this data can later be used when transferring work to the customer. This reduces duplicated operations and helps the accounting department control the connection between expenses, certificates and sales more accurately.
Need accurate accounting in a construction company?
We will show how BAS Construction. Accounting helps maintain accounting for construction and installation works, inventory, subcontractors, customers, branches and mutual settlements.
Result for a construction company
- the accounting department works with the industry specifics of construction, not only with standard documents
- expenses, construction and installation works, materials and certificates are linked to specific construction sites
- accepted subcontractor work can be used when transferring work to the customer
- settlements with counterparties and branches become more transparent
- management receives an accounting picture by sites, contracts, expenses and debts