Rating: 4.9. Number of organizations: 232

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Operating system: Windows, Android, macOS
Group of programs: Business automation

Software USU

Accounting of shared construction

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Accounting in shared construction companies has its own, quite unique features, due to the specifics of the organization of the shared construction process. Firstly, the contract concluded between the developer and the shareholder qualifies as an investment one. Accordingly, from a legal point of view, all equity holders act as investors, and the financial resources they have invested in construction are considered in the accounting records as investments. Therefore, from the point of view of legislation, the money of equity holders in the accounts of the developer company is a means of targeted financing and is subject to appropriate accounting. It should be kept in mind that in the current conditions and numerous activities of the developer companies, the activity on shared construction is in the center of close attention of various state bodies, which control, the intended use of shared construction money. Shared construction can be organized by developers in two main ways. First, they can enter into a construction contract with a company that has a license to conduct construction work. In this case, he acts as a developer-customer and, along with investment activities, is engaged in the general organization and control of the contractor's work, for compliance with the approved project, building codes and regulations, and so on. Secondly, it is possible to carry out shared construction on its own, and in this case, the developer is also the general contractor. Accordingly, in this case, investment activity is combined with the production of construction work and presupposes the fulfillment of control functions provided for by law. The developer must develop an internal accounting policy depending on which method is chosen. The applicable rules for tax, accounting, management accounting, and many other things will depend on this. Furthermore, accounting should be kept for each type of activity separately. Obviously, this work requires the involvement of a considerable number of highly qualified specialists, whose workload is considerable.

The existence of modern computer systems for the automation of managerial, organizational, accounting, etc. work in business structures significantly reduces the severity of problems associated with proper accounting, including shared construction. USU Software especially for these purposes has created a unique software developed by qualified specialists and complying with all the norms of industry legislation. The program allows you to divide accounting directions, in the context of construction projects, types of activities, and so on, within the framework of general types, such as accounting, tax, management, and so on, taking into account the peculiarities of shared construction. The general database distributes information by access levels depending on the place of a particular employee in the organizational structure of the company, the scope of responsibility, and authority. As a result, each employee, on the one hand, always has at their disposal the working materials necessary to perform all the duties, and on the other hand, he sees only those data that are allowed and cannot work with the information of a higher level.

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It is most convenient to keep records of shared construction in electronic form using a specialized program. USU Software provides automation of shared construction management, including equity, at all stages, planning, current organization, accounting and control, analysis, and motivation. The program allows you to organize and control work on several construction sites at the same time.

Accounting for each construction site can also be kept separately. The system provides all the functions necessary for the correct organization of share accounting in accordance with the requirements of the legislation. Built-in tools provide control over the target spending of funds invested by equity holders.

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During implementation, the software settings are additionally changed taking into account the specifics of the customer company. The system contains templates for all types of documents used in construction accounting, including equity. The program automatically checks the correctness of filling out the registration forms, comparing with the installed samples, gives messages about detected errors and recommendations for their correction. Our database of contractors contains comprehensive information on each shareholder, supplier of products and services, contractor, etc., including texts of contracts, invoices, acts of acceptance and delivery of works, and so on.

All the templates of contracts for participation in shared construction were developed by specialists in full compliance with the current legislation. The common information space allows all departments, including remote ones, and employees of the enterprise to be constantly in touch, promptly exchange messages, and discuss work issues in real-time.

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Accounting of shared construction