Engineering
Job and contract costing, project accounting, receivable control and GST for engineering businesses.
Engineering businesses often work job by job or contract by contract. Profitability depends on estimating accurately, tracking cost against estimate and collecting retention money and milestone payments on time.
Typical requirements
Costing
- Job and contract costing
- Estimate versus actual reports
- Overhead recovery rates
Statutory
- Revenue recognition on contracts
- Cost audit where applicable
Tax
- GST on works contracts and composite supplies
- TDS on contract payments
Finance
- Receivable and retention tracking
- Bank guarantees and working capital
Relevant services
Product Costing
Unit-level product cost computation for pricing, quotations, margin analysis and inventory valuation.
Operational Cost Analysis
Analysis of cost behaviour, capacity utilisation, break-even and contribution by product, plant or location.
Receivable Audit
Verification of trade receivables: balance confirmation, ageing, recoverability and credit control review.
GST Audit & Advisory
Health checks, departmental audit support under section 65 and special audit under section 66 of the CGST Act.
Project Finance
Project reports, CMA data and loan proposals for term loans and working capital limits.