How to maintain P & L Account for Real Estate Company

Tally is not prefered software for Real Estate Accounting in the sense lot of exel tools are required since your revenue recognition takes palace after fulfillment of certain criteria even valuvation of WIP also you need to have exel it is just suited for getting your financials on time just go for customised software if you could spend some money on the same  

Thanks Sir

But could you send  P & L Account & Balance Sheet Items of Real Estate.

Download some annual reports of Real estate from web to know the account codes used by them

Thanks Sir

 

Dear Sir,

 i want know  what are the items shown in gst return upper from actual purchase for example

sand, khadi, labour etc. and what are rules for labour charges in gst and shall get input credit on labour charges paid and shall we declare labour charges in gstr-3B and if so in which column

kindly guide me to maintain account of real estate