Projects & construction
We keep the books for your construction business in line with the sector's special rules, such as reverse-charge VAT (the buyer accounts for the VAT). Income and costs are allocated to sites, so you can see how profitable each one is.
Construction accounting
Financial management in construction has features that other sectors do not. For example, the sale of construction services is often subject to the reverse charge for VAT (käännetty arvonlisäverovelvollisuus), which means the buyer accounts for the VAT.
The sector also has its own reporting obligations, checks required under the Act on the Contractor's Obligations and Liability when Work is Contracted Out (tilaajavastuulaki: the client checks that the subcontractor has paid its taxes and pension contributions and is properly registered), and its own construction collective agreement (TES). When bookkeeping is kept site by site, you can also see which projects are profitable.
Who is the service for? Construction companies that want bookkeeping, payroll and site tracking from one place.
The service includes
Your part
Questions
When a construction service is sold to another company that sells construction services, the buyer accounts for the VAT. The seller invoices without VAT and states on the invoice that the reverse charge applies.
Bookkeeping, payroll, the collective agreement, project tracking and guidance for the business owner. The price is agreed by quotation.
A Vastuu Group service that brings together in one report the company information required under the Contractor's Liability Act (tilaajavastuulaki), such as whether taxes and pension contributions have been paid. In construction, clients often ask for the report before signing a contract. We help keep the details up to date.
Booking
Book a phone call, a video call or a meeting at our office. We'll go through with you what the service means for your business.
Contact us
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