Contract ACs in Tally

create ledger for that co.

stock

work in progress

cash and bank balance

if u own the mach there will be depriciation or if on rent or hire the hirecharges 

labour wages 

for ex the stock will be of steel cement bricks and sand

all raw materials 

there will be no account for the work certified 

if the contract is of 10000 work certified is 60% so you get the cash for the same and if the contract is 

getting over to next year show it as a notional profit and for the same reffer to IAS 7