Simple is not easy

How to manage construction projects: controlling profit, expenses, and cash flow for each site

Which reports help control profit, costs, cash flow and work-in-progress for each construction site.

  • Why standard reports do not save a construction business
  • What is wrong with standard reports
  • Which reports actually help manage construction
  • Cash flow statement: how to really control the budget

Overview

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

Why standard reports do not save a construction business

12+KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

We'll curate materials for your task

We'll reply within 30 minutes and send relevant cases, diagrams, or analyses tailored to your context.

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

Financial Management for Construction Projects.Financial Management for Construction Projects.Why standard accounting does not help
Financial Management for Construction Projects.Shows all inflows and write-offsDoes not show which project made or lost money
Financial Management for Construction Projects.Shows revenue, expenses, and the final profit resultWithout breakdown by site, loss-making projects stay hidden.
Financial Management for Construction Projects.Financial Management for Construction Projects.Does not reflect the real picture for unfinished projects
Financial Management for Construction Projects.Financial Management for Construction Projects.Financial Management for Construction Projects.
Financial Management for Construction Projects.Financial Management for Construction Projects.Expenses are often written off immediately, which distorts profit

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. 12+ KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. 90% KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

They are discovered during construction, then fixed in a rush, which increases costs and pushes deadlines back. To manage a construction company, you need project-level accounting for every site, regular plan-vs-actual comparisons, and a clear view of how much profit each project brings, not just the business as a whole.

Cash flow statement: how to really control the budget

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. , . KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

Profit and loss statement: how to see real profit

  1. You look at the account: there is cash, advances are coming in, and obligations are paid on time.

  2. But when you calculate the period total, it turns out there is no profit, or it is much lower than expected.

  3. This happens because of the accounting approach.

  4. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. .

  5. The report shows the result of the work, not the movement of money.

  6. The company recognizes revenue when the work is performed and the certificates are signed, not when the money arrives in the account.

  7. Expenses are also recognized based on when the work is actually performed. In construction this is critical: several months often pass between costs and payment, and without this approach the picture is distorted. × : KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  8. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  9. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  10. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  11. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  12. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  13. Build the report by projects or business lines, not as one overall figure.

Management balance sheet and deal register: two reports that show where the money goes

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. : KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

Without project P&L tracking, this is easy to miss because costs are recognized in parts and at different times. 12+ KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

We'll curate materials for your task

We'll reply within 30 minutes and send relevant cases, diagrams, or analyses tailored to your context.

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

Money accumulates but does not come back. : KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

Work in progress (WIP) accounting: how to see money tied up in ongoing work

  1. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  2. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  3. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  4. All this time, the money remains in WIP.

  5. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  6. Neither shows the real picture.

What is included in WIP

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

Why it is important to account for WIP correctly

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. :KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

If you apply PBU 2/2008, you recognize revenue and expenses as work is performed: you break the project into stages, record the amount completed, and allocate income and costs proportionally. This way, you see the real profit during the project, not only after it is finished.

How to work with government agencies and avoid mistakes

  1. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  2. Managers submit requests, receive responses, and track statuses in Excel or on paper. As a result, letters get lost, deadlines slip, and no one knows what stage the approval is at.

  3. To avoid this, you need to establish a clear process.

  4. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. Construction AuthoritiesKT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  5. At any moment, the manager can see how many requests are in progress, where rejections occurred, and which processes are slowing down.

  6. The system does not replace a lawyer or designer, but it helps prevent missed deadlines and lost documents.

What needs to stay under control

  1. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  2. Errors lead to fines, work stoppages, and conflicts with the client.

  3. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  4. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  5. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  6. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  7. Check the documents for each project every month.

  8. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  9. The sooner you find a problem, the cheaper it is to fix.

Business context

  1. :developerKT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  2. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  3. Data on apartments, storage units, and parking spaces changed frequently, and employees updated it manually.

  4. Spreadsheets were forwarded between departments, which caused errors: managers used outdated prices, area discrepancies appeared after the buildings were handed over, and billing generated incorrect invoices.

  5. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. : KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. Real Estate Project Reporting AutomationKT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  6. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  7. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. PIMKT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. : -

  8. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  9. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  10. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  11. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  12. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  13. Any changes are immediately reflected in all systems.

Forecast report and payment calendar

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

Forecast report and payment calendar

.

Forecast report: how to spot overspending early

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. Construction Plan Fact KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

  1. Financial Management for Construction Projects.
  2. Break the project into stages and record the planned figures.
  3. Record actual expenses and completed work volume regularly.
  4. Calculate the final cost based on current expenses.
  5. Financial Management for Construction Projects.

Payment calendar: how to avoid a cash gap

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

Conclusion: how to build a construction project report

KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. . KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. × . KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

3. Track the economics of each site individually. KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support. . KT.Team helps enterprise teams with construction, project, financial, management through discovery, architecture, implementation, integration and support.

We'll curate materials for your task

We'll reply within 30 minutes and send relevant cases, diagrams, or analyses tailored to your context.

Contacts

Let's Discuss Your Project

Leave your current contact details and describe your task. We will come back with clarifying questions and a proposal for the next step.