Construction · Industry Solution

Accounting for Construction

In construction and contracting, project budget, progress payments and subcontractor management require functions to see cost, progress and cash flow together at project level. Run your general ledger in full compliance with Turkish regulations. Chart of accounts, voucher management, fixed assets, VAT, advance tax and corporate tax returns, statutory books, trial balance and financial statements work integrated with modules such as sales and purchasing.

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Construction context

Why Accounting works differently in Construction

In Construction, construction and contracting processes center on sector-specific concepts such as project budget, progress payment, subcontractor management. In construction and contracting, project budget, progress payments and subcontractor management require functions to see cost, progress and cash flow together at project level.

Qera ERP's Accounting module is set up around how the construction sector works: Keeps project-based cost and revenue records in a compliant manner.

When project budget isn't compared with actual cost, overruns are noticed too late.
When progress-payment processes are handled by hand, work progress, deductions and payments come out wrong.
When subcontractor contracts, progress and payments are scattered, control is lost.

Capabilities

How Qera Accounting works in Construction

The core capabilities of the Accounting module, described for the project, progress payment and take-off needs of the construction sector.

Flexible chart of accounts and voucher management

Create a chart of accounts tailored to your business; all financial movements are entered as accounting vouchers, posted automatically to the relevant accounts and kept tidy.

Fixed asset management

Create asset cards; track depreciation, inflation adjustment and leasing within the system to simplify asset management.

Tax return processes

Manage VAT, advance tax and corporate tax return processes within the system; forms are generated and filled automatically, reducing error risk.

Statutory books

Keep statutory books such as the journal and general ledger in legal format and report them; ease statutory audits.

Period-end transactions and financial statements

Period-end accruals, transfers, FX differences, inflation accounting and opening/closing vouchers are issued from the system; the balance sheet, income statement and cash flow statement are available straight away.

Trial balance and analysis reports

Verify account accuracy with trial balance and FX-based trial balance reports; examine the financial impact of operations with order, invoice and journal-voucher analyses.

Outcomes

What it delivers for your Construction business

What you see in construction operations once it is set up properly.

Sales and purchase invoices are posted to accounting automatically, which reduces manual entry and errors.
Tax returns and statutory books are prepared from the system in full alignment with Turkish tax law.
Month-end close and the preparation of financial statements are faster.
Fixed assets and period-end transactions are handled in the same system, so financial reports are more accurate.

Explore further

Full details of the Accounting module, the Construction sector page and other Construction solutions.

Module Accounting module Review all of the module's capabilities and FAQs. Sector Construction sector An overview of all Qera solutions for Construction. For Construction Project Management Explore the Project Management solution in the Construction sector. For Construction Procurement Explore the Procurement solution in the Construction sector. For Construction Inventory & Warehouse (WMS) Explore the Inventory & Warehouse (WMS) solution in the Construction sector.

Let's plan Accounting for Construction together

Get in touch for a demo tailored to the specific needs of the Construction sector.

Request a Quote Construction sector