How to make Journal Entries for Construction Contracts |Construction Accounting Journal entries |

[@sarb5482]

Great information

[@AccountingandQuickbooks]

Glad you liked it

[@talaljaved5886]

very nice VDO, thx

[@sovannarasong6196]

So simple to understand, thanks you

[@AntonPerera-k3k]

Clear Explain and Understandable😃

[@rosh_unb3944]

Best Guru, thanks

[@minhajab7125]

Superb explanation Thanks one again

[@AccountingandQuickbooks]

Thanks dear

[@umairtaxconsultant1]

jazakallah sir easy and simple way of explaining the concept

[@rowdy9402]

You are a legend! 👍👍👍Thank you...

[@AccountingandQuickbooks]

Thanks dear

[@eyadmasoud641]

Thank you for clarification the JEs

[@ghosiakhan1692]

God bless you Sir..

[@AccountingandQuickbooks]

Thanks brother

[@abhimishra8503]

is this video suffiicent to master contruction Accounting .

[@AccountingandQuickbooks]

Watch other videos in Accounting for construction contracts playlist

[@thejastechnicals9494]

Sir, please tell us how we post revenue and VAT output in the ledger.

[@AccountingandQuickbooks]

Pls watch the video "HOW TO MAKE JOURNAL ENTRIES FOR VAT "OR HOW TO DO ACCOUNTING FOR VAT

[@dachellemaligaya4422]

Hi sir. May I know what will be the entry for the vat remittance/payment for advance and retention. Thank you.

[@AccountingandQuickbooks]

It's already there in the video

[@dachellemaligaya4422]

@@AccountingandQuickbooks I mean the closing of vat output-liab accout sir? Thank you so much for answering it will be a huge help for me. 🙏

[@AccountingandQuickbooks]

@@dachellemaligaya4422 👉👉👉kzbin.info/www/bejne/anLTgJ56rqmVfpY

[@dachellemaligaya4422]

Thank you sir for very informative content Sir.

[@tahiraziz2894]

Hello Mr. Ashfaq. Can you please make a lesson on accounting treatment of work in progress and uncertified income for a construction contract. Thanks.

[@AccountingandQuickbooks]

hi dear you can watch this video it will help you 👉 kzbin.info/www/bejne/i5i0g5awqKuofZY

[@salmanfarispp6436]

Hello sir When our company give subcontract iron work in our project Total sub contract value 95000 And we paid cash in 5 installment And we paid first instalment 25000 Then hoe to enter in this one

[@manonwheels7296]

Brother., How to make entry for uncertified sales; Suppose 10million project value,8 million certified and 2 million uncertified. What entry can be made?

[@AccountingandQuickbooks]

Hi dear please watch this video kzbin.info/www/bejne/bJuxgpytfdaLhac

[@AccountingandQuickbooks]

And this kzbin.info/www/bejne/nWTSqpqKhK-JsK8

[@neel5836]

Salam Isfhak, Appreciate this video. Good practical understanding. I would like to know how will this accounting process work in books of clients company. For example a development company awards a contract to a contractor for a Project. Then how does the whole accounting entries work in development company books. Need assistance.

[@AccountingandQuickbooks]

Hi dear thanks for appreciation. Actually it depends on company nature of business for example a trading company who is selling shoes build a new room. It will be capitalised in their account as an asset.and some time work is subcontracted from one construction company to other the treatment would be different for that

[@neel5836]

Sirji, Thank you for your quick response. Kindly share your watsapp number and your email. I wish to take further assistance in this regard.

[@neel5836]

Currently a Real estate development company awarded a contract to a construction firm. So here what would be the journal entries for construction contracts in the company books. Kindly guide me through.

[@AccountingandQuickbooks]

@@neel5836 dear it depends on nature of business (what kind of development) and contract so its not as straightforward I would recommend to consider all the scenarios.I will not be able to answer it here. However I may do a video on accounting of real estate companies accounting.

[@neel5836]

Hellon Ashfaq, if possible Kindly do a video on Real estate companies accounting.

[@samsh27]

Can I have ur excel file for this

[@quanzhuzai123]

What is vat😢

[@AccountingandQuickbooks]

kzbin.info/www/bejne/aXWaZ6SZgNqGpposi=C8uktDVYuPGd3d5X

[@raviteja9344]

YOU DINT PASS THE ENTRY FOR AMOUNT RECEIVED AGANIST PROGRESSIVE INVOICE

[@AccountingandQuickbooks]

Dr bank /cash cr AR

[@raviteja9344]

@@AccountingandQuickbooks Thank you.