Project costing
Track costs against each project using your chart of accounts and cost lines, so you can see budget versus actual by job rather than one blended profit figure.
Contracting & construction · UAE
Accounting software for UAE contracting & construction
Cost every project, bill progress with retention, pay subcontractors, and file VAT — with IFRS books ready for audit and financing. AIMuhaseb gives contractors control over long, complex jobs.
Made for jobs that run for months, not minutes
Contracting is a costing problem before it is an accounting problem. Materials, subcontractors, and labour hit several projects at once; clients pay against certified progress and hold retention; and cash goes out long before it comes back in. If your books only show one company-wide profit number, you cannot tell which jobs are making money and which are quietly losing it.
AIMuhaseb is built to answer that. You cost each project separately, raise progress bills and track retention as a receivable, manage subcontractor payables and cheques, and apply the correct VAT — all on proper IFRS double-entry books that stand up to a lender or an auditor.
What you get for your contracting business
The workflows a UAE contractor needs — from cost capture to the tax return.
Progress billing & retention
Raise interim invoices as work is certified, and record retention held back by the client as a receivable until it is released.
Subcontractor payments
Manage subcontractor bills, cheques, and aged payables so you know exactly what is owed and when each payment falls due.
VAT on construction
Apply the standard 5% VAT to your certificates and capture input VAT on materials and subcontractor costs, then produce a VAT 201 from the ledger.
Cash flow across long jobs
A live Cash Flow statement, aged receivables, and aged payables help you manage the gap between paying suppliers and being paid.
Reports & IFRS statements
Real-time Trial Balance, P&L, and Balance Sheet, with IFRS double-entry behind every entry — ready for financing or audit.
From cost capture to filed VAT
A clear rhythm across the life of a job.
01
Set up the company
Add your TRN, fiscal year, and a UAE-ready chart of accounts with cost-of-sales and project lines in place.
02
Cost each project
Book materials, subcontractor bills, and labour against the right project so budget versus actual stays clear.
03
Bill progress
Raise interim certificates, apply VAT, and record retention held by the client as a receivable.
04
Report & file
Review margin by job on the live P&L and generate a VAT 201 return ready for the FTA.
Why contractors choose AIMuhaseb
Job-level clarity, tidy compliance, and books that are ready when a bank or auditor asks.
- Cost tracking by project, not one blended margin
- Progress billing with retention recorded as a receivable
- Aged payables and cheques for subcontractors and material suppliers
- Standard 5% VAT handling with a one-click VAT 201
- IFRS double-entry books ready for audit and financing
- An AI assistant that categorises costs and drafts journals for approval
Contracting accounting questions
Can AIMuhaseb track costs by construction project?
Yes. Using your chart of accounts and cost lines you can record materials, subcontractor bills, and labour against each project, then compare them to your budget. That gives you margin by job rather than a single blended profit figure across the whole company.
How does it handle progress billing and retention?
You raise interim invoices as work is certified, apply the correct VAT, and record any retention the client holds back as a receivable. When retention is released, you clear it against the same account — so the amount owed to you is always visible on your aged receivables.
How is VAT treated on construction work?
AIMuhaseb applies the standard 5% VAT rate where it applies to your certificates and captures the input VAT on materials and subcontractor costs, then produces a VAT 201 return for filing to the FTA via EmaraTax. Some construction and property transactions in the UAE have specific VAT treatments; where you are unsure how a particular contract or supply should be treated, confirm the correct treatment with your tax adviser or the FTA and apply it in the software.
Can I manage subcontractor payments?
Yes. You record subcontractor bills as vendor payables, issue cheques, and track aged payables so you always know what is owed and when it is due — useful when several trades are running on the same job.
Are the reports suitable for audit and financing?
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, sureties, or your auditor.
Enquire
Talk to us about your contracting business
Tell us about your projects and what you need — project costing, progress billing, subcontractor payments, or VAT. A UAE specialist will get back to you shortly.