Project profitability and cash control for construction SMEs

From WIP and variation orders to retention and subcontractor costs—get clean books, tighter controls, and visibility into true project margins.

Construction Expertise

Common Challenges

Challenges we understand

Project profitability is unclear due to weak cost coding or inconsistent job costing

Cash flow volatility from milestone billing, retention, and delayed collections

Variation orders and claims not tracked clearly, impacting revenue recognition

Subcontractor and material costs leak due to poor purchase controls and approvals

VAT treatment confusion on progress billing, retentions, and cross-border services

Lack of WIP (work-in-progress) reporting and accurate project status reporting

Our Approach

How Daira helps

Daira sets up construction-ready accounting that separates costs and revenue by project, enabling accurate job costing and margin tracking. We implement a predictable month-end close and produce WIP and project performance views so management can act early when margins slip. We support VAT and Corporate Tax compliance with proper documentation and schedules aligned to project billing, retentions, and subcontractor invoices. We identify cost leakage (materials, rentals, subcontractors) and build a spend-control cadence with clear approval and procurement workflows.

Deliverables

What we deliver

Project-based chart of accounts and cost code structure (jobs, phases, cost categories)
WIP schedule with revenue recognition logic (progress vs completed contract approach as applicable)
Project profitability report (margin by project, cost-to-complete indicators)
Accounts receivable aging with retention tracking and collection action list
Subcontractor/PO controls: commitments vs actuals view
VAT schedules tied to project billing and purchase documentation
Cash flow forecast aligned to project milestones and expected collections

Got Questions?

Frequently asked questions

Yes. We structure your books to track revenue and costs by project and deliver margin and WIP reporting.
Yes. We track retention balances, progress billing, and aging so cash collection is visible and actionable.
We can implement purchase/commitment tracking and compare committed vs actual costs to prevent overruns.
It can be. We ensure VAT treatment is documented and supported by schedules tied to invoices and contracts.
Yes—clean statements plus project packs (WIP, margin, cash) that explain performance clearly.

Ready to Transform Your Construction Finances?

Book a free consultation and discover how Daira can help your business.