Industries · Commercial & Industrial
Project billing, retention sums, progress claims and site payroll give engineering firms accounting needs closer to construction than consulting. We track projects to completion without losing the monthly picture.
Sounds familiar
“I win jobs and still lose money on them.”
Cost against budget per project every month, so the losing job is caught at thirty percent complete, not at handover.
“Retention sums get remembered too late.”
Every retention is diarised to its release date and chased when due. Money you earned should not depend on memory.
“Levies and site payroll eat my Fridays.”
Workers, levies and CPF run on a locked monthly cycle, including the complicated months with new passes and departures.
Engineering losses happen quietly mid-project and surface only at completion. We track cost against budget per project each month, recognise revenue over the work rather than at invoicing, and keep retention sums visible until the day they are recoverable. Workers pass levies and CPF run on time, every month, including the complicated months.
Engineering margins are decided mid-project. Monthly project truth turns surprises at completion into corrections at month three.
Cost vs budget monthlyRetentions diarisedSite payroll on time
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Over time based on progress, not when invoices happen to be raised. We set a measurable basis and apply it consistently.
Yes. Retentions are recorded per contract with their release dates so the money is claimed when due instead of forgotten.
Yes, including levies, housing deductions where applicable and timely CPF for local staff.
Generally on the earlier of payment certificate or payment for progressive supplies. We time the tax points correctly.
Yes. Each project carries its own revenue, cost and margin line beside the company-level view.
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Tell us your contracts and we will set the tracking up.
Accounting, corporate secretarial, payroll and advisory for Singapore SMEs since 2012.
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Ian & Son refers to the Ian & Son network and/or one or more of its member firms, each of which is a separate legal entity. Contact us to learn more.
