Construction Accountant

dOS Consulting; Hyderabad; On-site; INR 600,000 - 840,000; Full time

Job summary

dOS Consulting in Hyderabad seeks an experienced Construction Accountant to manage end-to-end project accounting, GST compliance, and finalisation of accounts. The role covers day-to-day entries, ledger maintenance, and statutory reporting with a focus on construction projects across multiple sites.

The ideal candidate will have 4–5 years of relevant experience, strong GST/TDS knowledge, and proficiency in Excel and ERP systems.

Qualifications

• Accounting experience in construction/infrastructure or real estate preferred.
• Hands-on ability from day-to-day entries to finalisation and balance sheet.
• Strong GST and TDS knowledge with statutory compliance.

Responsibilities

• Handle day-to-day accounting and bookkeeping for projects.
• Maintain project-wise site accounts and cost tracking.
• Process contractor/subcontractor bills and retentions.
• Prepare and review financial statements and schedules.
• Coordinate audits and tax compliance related to GST and income tax.
• Reconcile GST, ITC, TDS, and related ledgers with accuracy.

Skills

GST knowledge

TDS knowledge

Excel proficiency

Construction accounting

Finalisation of accounts

Reconciliation

Independent work

Education

B.Com / M.Com / CA Inter / equivalent

Tools

Tally / Tally Prime

Accounting ERP software

Job description

Job Role: Construction Accountant

Work Location: Hyderabad

Experience Required: 4-5 years of relevant experience

Reporting to: Finance Manager

Job Summary:

We are looking for an experienced Construction Accountant with a minimum of 45 years of relevant experience, preferably in the construction, infrastructure, contracting, or real-estate industry. The candidate should be capable of independently handling complete accounting from day-to-day entries through finalisation of accounts and preparation of the Balance Sheet, with strong practical knowledge of GST, TDS, Income Tax, construction/project accounting, and statutory compliance.

Key Responsibilities:

1. Accounting & Bookkeeping

• Handle complete day-to-day accounting activities.
• Record purchase, sales, expenses, receipts, payments, journal entries, and bank transactions.
• Maintain general ledger, cash book, bank book, purchase and sales registers.
• Perform bank, vendor, customer, and ledger reconciliations.
• Maintain proper supporting documentation for all accounting transactions.
• Ensure accurate and timely posting of accounting entries.

2. Construction / Project Accounting:

• Maintain project-wise and site-wise accounts.
• Track project expenses, material purchases, labour costs, subcontractor bills, and other project-related expenses.
• Account for contractor and subcontractor bills, retention amounts, advances, recoveries, and deductions.
• Monitor project-wise costs against budgets where required.
• Reconcile material, contractor, subcontractor, and project-related balances.
• Understand accounting treatment of work-in-progress (WIP), construction expenses, capitalisation, and project-related assets.

3. GST Construction Industry:

• Strong practical knowledge of GST applicable to construction and works contracts.
• Maintain GST purchase and sales records and ensure proper classification of transactions.
• Verify GST invoices received from contractors, subcontractors, suppliers, and service providers.
• Handle Input Tax Credit (ITC) reconciliation and identify discrepancies.
• Understand GST treatment of works contracts, subcontractors, construction services, advances, reverse charge and related transactions, as applicable.
• Assist in preparation and filing of applicable GST returns.
• Reconcile books of accounts with GST returns and GST portal data.
• Coordinate with tax consultants for GST assessments, notices, and reconciliations.

4. TDS & Income Tax:

• Handle TDS calculations, deductions, payments, returns, and reconciliation.
• Understand TDS provisions applicable to contractors, subcontractors, professional services, rent, and other business expenses.
• Prepare and maintain TDS-related records and certificates.
• Assist with income-tax compliance, tax audit requirements, and assessments.
• Coordinate with Chartered Accountants and tax consultants for income-tax matters.
• Ensure proper accounting and reconciliation of TDS receivable/payable and other statutory balances.

5. Finalisation of Accounts:

• Capable of independently working on accounts up to finalisation.
• Prepare and review Trial Balance.
• Pass year-end adjustment entries, provisions, outstanding expenses, and prepaid expense entries.
• Handle depreciation accounting and reconciliation of major ledger balances.
• Prepare Profit & Loss Account.
• Prepare Balance Sheet and supporting schedules.
• Prepare financial statements and schedules required for audit.
• Coordinate with statutory auditors and Chartered Accountants during annual finalisation.

6. Audit & Compliance:

• Assist in statutory, tax, GST, and internal audits.
• Provide schedules, ledgers, reconciliations, and supporting documents to auditors.
• Respond to audit queries and coordinate with consultants.
• Maintain proper books and records to ensure compliance with applicable laws and accounting requirements.

7. MIS & Management Reporting:

• Prepare monthly accounting reports and summaries.
• Prepare project-wise expense and cost statements.
• Provide outstanding payable and receivable reports.
• Prepare cash/bank position reports and other financial information required by management.
• Highlight accounting discrepancies, unusual transactions, and compliance issues to management.

Required Qualifications & Skills:

• B.Com / M.Com / CA Inter / equivalent qualification preferred.
• Minimum 45 years of relevant accounting experience.
• Experience in construction, infrastructure, contracting, real estate, or similar industries preferred.
• Strong practical knowledge of GST and TDS.
• Good understanding of Income Tax and statutory compliance.
• Must be capable of handling accounts from day-to-day bookkeeping through finalisation and Balance Sheet preparation.
• Good understanding of construction/project accounting.
• Strong knowledge of Microsoft Excel.
• Experience with Tally / Tally Prime or other accounting ERP software.
• Good reconciliation and analytical skills.
• Ability to work independently and meet statutory and reporting deadlines.

Preferred Industry Experience:

• Construction companies
• Infrastructure companies
• Civil contractors
• Real-estate developers
• EPC companies
• Works contractors
• Companies handling multiple construction projects/sites

Key Competencies:

• Strong accounting fundamentals
• Construction industry accounting knowledge
• Practical GST knowledge
• TDS and Income Tax knowledge
• Finalisation of accounts and Balance Sheet preparation
• Project-wise accounting
• Vendor/subcontractor reconciliation
• Attention to detail
• Analytical and problem-solving skills
• Ability to work independently
• Good communication and coordination skills

Important Requirement:

The candidate must be capable of independently handling the company's accounting function from day-to-day bookkeeping through preparation/finalisation of the Profit & Loss Account and Balance Sheet, with a sound practical understanding of GST, TDS, Income Tax, and construction/project accounting.