Branch Accounting for construction companies

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Querist : Anonymous

Querist : Anonymous (Querist)

23 March 2011 If a construction company is running a no. of construction contacts / sites and want to record the P&L and Balance sheets for individual sites and also wishes to consolidate the same to head office data so that it can arrive at consolidated P&L & balance sheet of the company as a whole, what is the way to consolidate the data? can it be consolidated in excel sheets and is acceptable to IT dept. or it has to be consolidated in the software with consolidation vouchers?

please note that company is using ready to use software which is meant for single user.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 March 2011 It can be consolidated in excel, vouchers can be maintained branchwise

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 March 2011 It can be consolidated in excel, vouchers can be maintained branchwise

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Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2011 thank you for the insight.

will the consolidation in excel sheet be acceptable to IT dept.

could you please provide any consolidation format in line with form VI of IT Act.

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