Construction accounting is among the hardest there is
Construction is one of the most regulated and accounting-heavy sectors there is. Costing by site, stage-of-completion revenue, the VAT reverse charge between subcontractors, guarantee provisions, security — all of it needs a specialist, not simply “an accountant”.
What we solve for construction companies
Costing by site: Every site is its own cost centre. Materials, labour, plant, subcontractors — everything is costed to the site, so you know the true profitability of each project.
The VAT reverse charge (Art. 163a): Supplies between VAT-registered persons relating to immovable property fall under the reverse charge. Mistakes here lead to serious fines.
Stage-of-completion revenue: On long-term sites (over 12 months) revenue is recognised by stage of completion, not on final handover. That directly affects the taxable base.
Payroll specifics: Site workers have particular terms — hazard allowances, workwear, postings to site and overtime.
A unique advantage: With CFO experience in a manufacturing group, we know how to cost complex products and projects. We can show you which sites actually make money and which you finish at a loss.
Specific services for construction companies
- Costing by site
- The VAT reverse charge (Art. 163a)
- Stage-of-completion revenue and cost recognition
- Guarantee provisions under the planning act
- Payroll for site workers (hazard pay, postings)
- Preparing the financial documentation for public tenders
- Profitability analysis by site