HIMANSHU PATEL

Construction Accounting

1. Project Accounting
Maintain project-wise books of accounts, including materials, labour, subcontractor payments, and overheads.
Track Work-in-Progress (WIP) and prepare project cost reports.
Verify purchase orders (POs), GRNs, and material consumption reports.
Monitor project budgets and report variances to management.
2. Financial Reporting
Prepare monthly, quarterly, and annual financial statements (P&L, balance sheet, cash flow).
Perform bank reconciliation, ledger scrutiny, and monthly closing activities.
Prepare MIS reports for project progress, cost-performance, and expenses.
3. Billing & Receivables
Manage client billing, measurement sheets, RA bills, and follow-up for timely payments.
Maintain receivables aging reports and coordinate with site teams for billing support.
4. Payables & Vendor Management
Process subcontractor bills and verify compliance with work orders and labour reports.
Maintain vendor accounts and ensure timely payments.
Reconcile vendor statements and resolve discrepancies.
5. Taxation & Compliance
Handle GST, TDS, labour cess, and statutory returns.
Ensure compliance with construction-industry norms and audit requirements.
Prepare documentation for internal and statutory audits.
6. Cost Control & Budgeting
Monitor project-wise cost allocation and prevent budget overruns.
Support management in budget planning and forecasting.
Analyze cost trends and suggest cost-saving opportunities.