Accounting for Construction Companies

Details we track

Topic	What matters
Per-site reporting	revenue, costs and work in progress by contract; stage certificates (Act 19) and revenue recognition
Advances and guarantees	VAT on advance payments; retained guarantee amounts
Subcontractors	works contracts, invoices, VAT registration checks, joint liability
Workers	employment contracts per site, business trips, work clothing, health & safety, notifications under Art. 62 of the Labour Code
Materials and equipment	inventory records, equipment depreciation, leasing
Chamber of Builders	requirements for registration in the Central Professional Register of Builders (CPRS) — annual reports and statements

Pricing for construction companies

The base price starts at €200/mo. for a company with up to 10 workers and up to 3 active sites, including payroll and business trips. We also prepare the statements required by the Chamber of Builders.

How we work

Documents by the 5th, VAT by the 14th, salaries and social security contributions by the 25th, a monthly report in plain language, and year-end closing at no extra charge. Full description of the process: Accounting services →

Frequently asked questions

How is revenue recognized on a site that runs for two years?

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By stage of completion (NAS 11) or upon acceptance of stage certificates — we choose a policy based on the contracts and apply it consistently.

Is VAT due on the retained guarantee amount?

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Yes, VAT is charged at the tax event on the full value, including the retained portion.

What documents are needed for a worker's business trip to another city?

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A business trip order, a report, and accommodation documents; per diems up to the statutory amount are exempt from tax and social security contributions.

Accounting for construction companies