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Accounts and Records at Construction Site

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rakesh

student

467 Points Posted on 19 September 2022

Hi,

What are the accounts and records need to be maintained for activities carried at constructions site as per law and are there any sample templates or software for same.

Replies (2)

Quick Summary

This discussion explores the essential accounts and records required by law for construction site activities. It covers key documents like petty cash books, advance books, client receipts, labour and stores records, and TDS certificates. The aim is to provide clarity beyond general accounting standards, offering practical guidance for site management.

Yasaswi Gomes new

Finance

4592 Points Posted on 19 September 2022

As per ICAI any company which has a commercial transaction will be accounting as per AS standards.

sabyasachi mukherjee

Profession Business

28246 Points Posted on 20 September 2022

These are vague. Lets go to the detailed discussion.
One is petty cash book.
advance book
clients detailed bill wise receipts
labour records linked to wage payment.
stores records, Kardex
tds certificate to be submitted to ho.