Why the accounting is different here
Construction accounts are project accounts. Recognising revenue on stage of completion, tracking retention money, and paying subcontractors withholding tax properly are the difference between a profitable project and a nasty surprise at year-end.
- Revenue recognition across long-running projects
- Retention money that never quite lands when expected
- Subcontractor withholding tax (10% WHT) compliance
- Materials on site not properly counted
- Variation orders and claims not billed
- ZIMRA — VAT, WHT on subcontractors, QPDs
- NSSA — construction industry rate
- Construction Industry Federation of Zimbabwe (CIFOZ)
- PRAZ — public tender registration
How we help
Project-by-project profitability tracking
Stage-of-completion revenue recognition
Subcontractor WHT registers and returns
Retention and progress payment ledgers
PRAZ registration and tender-ready accounts
KPIs we track
Playbook modules that matter most
A real example
A building contractor was winning tenders but always short of cash. Three projects were 90% complete but only 60% billed, and no one was chasing retentions from the previous year.
We introduced monthly valuations tied to billing, cleaned up the retention ledger and recovered USD 84,000 in old retentions inside two months. The next PRAZ tender was submitted with audited accounts and won.