Invoice Automation
for Construction Firms
Stop losing track of site expenses and contractor bills. Automatically digitize complex hardware purchase invoices and track project costs with AccuRaik.
The Chaos of Construction Accounting
Construction companies deal with some of the most complex accounts payable workflows in India. From multi-page steel and cement purchase invoices to unformatted contractor running bills, manual data entry is a nightmare.
Hardware & Material Bills
AccuRaik easily extracts multi-page line-item tables for steel, cement, and electrical purchases, capturing exact HSN codes and GST amounts.
Project-Wise Tracking
Map vendor invoices to specific Cost Centres in Tally. Ensure that expenses from the "Mumbai Site" don't get mixed with the "Pune Project".
TDS on Contractor Payments
Automatically capture the base value of contractor service invoices to ensure accurate TDS deduction during Tally entry.
Managing Complex Construction Accounts Payable
Real estate developers and construction firms in India face an administrative nightmare when it comes to Accounts Payable. Every project site generates a mountain of paperwork: multi-page hardware bills, hand-written transporter receipts, and complex contractor running bills. If these are not entered into Tally correctly, project cost tracking fails and GST ITC is lost.
1. The Hardware & Raw Material Problem
When you purchase steel, cement, or electrical fittings, the supplier often sends a 5-page invoice with 50 line items. Legacy OCR systems break down when tables span across pages. AccuRaik uses AI to stitch these pages together, accurately extracting the exact HSN codes, quantities, and GST splits for every single line item, ensuring your inventory in Tally is perfectly updated.
2. Project-Wise Cost Centre Mapping
Manual Cost Allocation
Your accountant has to look at the delivery address or purchase order on the invoice to manually determine if the cement went to "Project A" or "Project B" before entering it into Tally's Cost Centre.
Automated Cost Allocation
AccuRaik can extract the shipping address or project reference number from the invoice, allowing you to map the data directly to the correct Tally Cost Centre before generating the XML.
3. Contractor Running Bills and TDS
Labor contractors often submit running bills that look more like spreadsheets than standard invoices. AccuRaik intelligently parses the base value of the service provided, ensuring that your ERP correctly applies TDS (under Section 194C) on the base amount, rather than the gross amount including GST. This prevents severe compliance penalties and interest charges.
Construction Accounting FAQs
Can AccuRaik handle invoices from small, unorganized vendors?
How does it help with Project Cost Tracking in Tally?
Does it extract HSN codes for raw materials like steel and cement?
Can site managers upload photos of bills directly?
How does it handle TDS on contractor payments?
Can we export data to ERPs other than Tally?
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