India Construction Accounting in Excel Format

[Jigneeesh Sanghvi]

Dear All Member,

I am jignesh from india.

I was searching an online group of accoutant for my help.

I am working in an construction company.

This company does accounting in Excel.

So is there any prescribed format in which i can easily manage accounts in excel format for construction industry.


Kindly help me out.


Thanks


Jignesh.

 

[rachel0421]

Dear All Member,

I am jignesh from india.

I was searching an online group of accoutant for my help.

I am working in an construction company.

This company does accounting in Excel.

So is there any prescribed format in which i can easily manage accounts in excel format for construction industry.


Kindly help me out.


Thanks


Jignesh.

hi

 

[rachel0421]

Dear All Member,

I am jignesh from india.

I was searching an online group of accoutant for my help.

I am working in an construction company.

This company does accounting in Excel.

So is there any prescribed format in which i can easily manage accounts in excel format for construction industry.


Kindly help me out.


Thanks


Jignesh.

Hi sir do you have now

 

[Fidget]

In short, no there isn't. If statutory accounts are being prepared with excel, then you need to use the format of the accounting standards you're using.

For internal management accounting reporting you can use whatever format suits the people requiring the reports.

 

[rachel0421]

In short, no there isn't. If statutory accounts are being prepared with excel, then you need to use the format of the accounting standards you're using.

For internal management accounting reporting you can use whatever format suits the people requiring the reports.

Hi Sir, can I ask help for the flow of accounting in construction company? Im just new for the company and I don't have experience for accounting construction since I am coming from banking industry. And the company has only monitoring and I need to do some accounting reports for the company.
Thanks

 

[John Baker]

You posted..

​

This company does accounting in Excel.​

So there must be historical records/procedures, that have been used in the past to accommodate your requirements. On the other hand, if you've taken a job that you're not well equipped to handle, then a preexisting Excel format can be rather difficult to understand and use, not to mention making a bad situation worse.
Construction is very topical - type wise. Paving, drywall, plumbing, rough carpentry -Vs- finish carpentry, iron work, concrete variables, and a lot more, are unique parts of the construction trades. Going one step further, small business that hire family members and friends, who are ill equipped to do the job, is a business just begging to fail.
If you outlined your limitations in this aspect of recordkeeping and reporting during your interview, why did this company hire you in the first place?.​

 

[Asha Kanta Sharma]

The company must be having established MIS Templates / Reports which can be used or you can search online for specific Excel Templates as required. Normally initial training is provided and all the systems in place are introduced to he newly joined employees.