Project-based accounting
Each project a sub-entity. Cost, revenue, WIP, sold inventory and unsold stock per project. P&L drilled by project.
For Construction
Built for projects, not periods.
RERA-aligned project accounting, milestone billing, sub-contractor compliance and per-project P&L. Multi-project, multi-state, audit-ready.
What construction finance needs
The complexity that breaks generic accounting.
Per-project P&L, milestone billing, sub-contractor TDS, RERA-aligned escrow, GST at the right rate per booking type. Built for the way construction actually books revenue.
Milestone billing
Demand notes against booking milestones (allotment, foundation, slab, possession). GST applied per stage.
RERA escrow tracking
70% RERA escrow account tracked per project. Withdrawals against engineering certificate, audit-ready.
Sub-contractor compliance
Sub-contractor TDS at 1% (194C), GSTIN validation, PF/ESI for site labour, vendor performance.
GST per construction type
Affordable housing (1% / 5%), under-construction (5% / 12%), commercial (18%). Auto-applied per booking.
Joint development
JDA accounting with land-owner and developer flows. Revenue recognition under Ind AS 115.
RERA escrow
The 70% rule. Tracked per rupee.
RERA mandates that 70% of buyer deposits sit in a project-specific escrow until withdrawn against an engineer's certificate. OneFinOps tracks every receipt against the right escrow, every withdrawal against engineering certification, and produces the audit trail RERA inspectors actually ask for.
- Per-project RERA escrow auto-allocated from receipts
- Withdrawals gated by engineering certificate upload
- Quarterly RERA progress report drafted from data
- Audit pack with bank statement reconciliation per project
Sub-contractor management
The labour ledger that actually closes.
Sub-contractors come, go and span sites. Each one has TDS at 1% (194C), GSTIN if registered, PF/ESI for site labour. OneFinOps tracks per sub-contractor cumulative deduction, validates GSTIN at every bill, and runs PF/ESI for the labour pool.
- Per-sub-contractor TDS cumulative tracking
- GSTIN validation against CBIC database at every bill
- PF / ESI registration and monthly ECR for site labour
- Vendor performance and dispute history
What construction teams see
The numbers, after switching.
−5 days Per-project close cycle
100% RERA filings on time
97% 3-way auto-match (sub-contractors)
0 Off-escrow withdrawals
Construction FAQ
What developers ask before they switch.
How does GST work across project types?
Affordable housing (carpet area up to 60/90 sqm and price up to ₹45L) attracts 1% GST without ITC. Under-construction non-affordable housing attracts 5% without ITC. Commercial and under-construction with ITC option attracts 12%. Completed properties (post-OC) are outside GST. OneFinOps applies the right rate per booking based on project type and booking date, with the right ITC eligibility.
What about the 1/3rd land deduction?
For under-construction properties, GST is on the construction value only, the deemed land value (1/3rd of the consideration) is excluded. OneFinOps applies the 2/3rd rule on each demand note automatically.
How is RERA compliance handled?
Each project registered under RERA carries a 70% escrow rule. OneFinOps auto-routes 70% of buyer receipts to the project escrow, gates withdrawals against engineering certificates, and produces the quarterly progress report. Q1 to Q4 data drafted automatically; audit pack one-click downloadable.
Joint Development Arrangements (JDA)?
JDA accounting with the land-owner share, developer share, and the deemed barter under GST handled. Revenue recognition under Ind AS 115 / IFRS 15 with the cost-to-cost or output method. The land-owner's GST liability on the area received in lieu is computed and surfaced.
How do milestone payments work?
Demand notes generated per milestone (allotment, foundation, slab cast, possession). GST applied per the booking-date rules. Receipts auto-allocated against the latest unpaid demand. Refunds and cancellations handled with credit note + GST reversal.
Multi-project P&L for the developer?
Each project is a sub-entity. Cost, revenue, WIP and inventory tracked per project. The CFO sees per-project profitability rolled up to entity. Inter-project allocations (head office costs, financing) handled with rules.
See it on your projects.
A 30-minute walkthrough on your project mix and RERA exposure.