Job costing at scale
Cost materials, plant, labour, and subcontractor packages against each project and cost code, so a main contractor sees budget versus actual per job — not one blended company margin.
Construction & main contractors · UAE
Accounting software for UAE construction firms
Cost every project, track work-in-progress, certify progress with retention, and file VAT — with IFRS books banks and sureties trust. AIMuhaseb gives main contractors control over long, complex builds.
Big builds live or die on job-level numbers
A main contractor is running several multi-month projects at once, each with its own cost codes, subcontractor packages, retentions, and payment certificates. Costs pile up long before the client certifies and pays, and value is created that has not yet been invoiced. If your accounts only show one company-wide profit figure, you cannot tell which project is carrying the business and which is quietly eroding it — and you certainly cannot answer a surety or a bank quickly.
AIMuhaseb is built for that. You cost each project by code, reflect work-in-progress between valuations, raise interim payment certificates with the right VAT, and manage retention on both sides of the contract — all on IFRS double-entry books that stand up to lenders, sureties, and auditors. If you are a specialist subcontractor in MEP or fit-out, our contracting software is tuned to your side of the chain instead.
What you get for your construction business
The workflows a UAE main contractor needs — from cost code to certified cash.
Work-in-progress (WIP)
Track costs incurred and value certified on long-running builds, so your books reflect work done but not yet billed and revenue is not overstated between valuations.
IPC & progress billing
Raise interim payment certificates as work is certified, apply the correct VAT, and keep each application, certificate, and payment linked to the project.
Retention receivable & payable
Record retention held by the client as a receivable and retention you hold from subcontractors as a payable, then release each at practical completion and defects liability.
Subcontractor & supplier control
Manage subcontractor valuations, back-charges, and material supplier bills with aged payables, so you know exactly what falls due across every active site.
IFRS reports for banks & sureties
Real-time Trial Balance, P&L, Balance Sheet, and Cash Flow on IFRS double-entry — the financials a lender, surety, or auditor expects from a contractor.
From cost code to filed VAT
A clear rhythm across the life of a build.
01
Set up the project
Add your TRN, fiscal year, and a UAE-ready chart of accounts with project, cost-code, and retention lines for main-contract work.
02
Capture cost to date
Book materials, plant, labour, and subcontractor valuations against each cost code so WIP and budget-versus-actual stay accurate.
03
Certify & bill progress
Raise interim payment certificates, apply VAT, and record client retention as a receivable to be released later.
04
Report & file
Review margin and WIP by project on live reports, then generate a VAT 201 return ready for the FTA.
Why main contractors choose AIMuhaseb
Job-level clarity, WIP you can trust, and books that are ready the moment a bank or surety asks.
- Job costing by project and cost code, not a single blended margin
- Work-in-progress tracking across multi-month builds
- Interim payment certificates with correct VAT on each valuation
- Retention handled on both sides — client receivable and subcontractor payable
- IFRS double-entry books ready for banks, sureties, and auditors
- An AI assistant that categorises costs and drafts journals for approval
Construction accounting questions
How is this different from your contracting software page?
This page is aimed at main contractors and larger construction firms running whole projects — job costing across many cost codes, work-in-progress, interim payment certificates, and retention on both sides of the contract. Our contracting page is aimed at subcontractors and specialist trades such as MEP and fit-out, whose focus is valuations submitted to a main contractor. Both run on the same platform; choose the page that matches how you sit in the supply chain, and cross-refer if you do both.
Can AIMuhaseb track work-in-progress on long construction jobs?
Yes. You record cost incurred against each project and cost code and can reflect value certified at each valuation, so your books show work done but not yet billed. That keeps revenue and margin realistic between certificates rather than lurching every time an invoice is raised.
Does it handle interim payment certificates and progress billing?
Yes. You raise interim invoices as work is certified, apply the correct VAT, and keep each application, certificate, and payment tied to the project. That gives you a clean audit trail from valuation to cash received on every job.
How is retention managed for a main contractor?
Retention is tracked on both sides. Retention the client holds from you is recorded as a receivable until it is released at practical completion and the end of the defects liability period; retention you hold from subcontractors is recorded as a payable. Both stay visible on your aged reports so nothing is forgotten at final account.
How is VAT treated on construction contracts?
AIMuhaseb applies the standard 5% VAT where it applies to your certificates and captures input VAT on materials and subcontractor costs, then produces a VAT 201 return for filing to the FTA via EmaraTax. Some construction and property supplies have specific VAT treatments; where you are unsure how a particular contract should be treated, confirm it with your tax adviser or the FTA and apply it in the software.
Are the reports strong enough for bank facilities and sureties?
AIMuhaseb keeps proper IFRS double-entry books with a full audit trail and produces a Trial Balance, Profit & Loss, Balance Sheet, and Cash Flow statement in real time. You can export these for lenders assessing project finance, for sureties issuing performance or advance-payment bonds, or for your external auditor.
Enquire
Talk to us about your construction firm
Tell us about your projects and what you need — job costing, work-in-progress, progress billing, retention, or VAT. A UAE specialist will get back to you shortly.