40%
faster RA payment
cycles
70%
fewer reconciliation
errors
80%
less paper
on site
Own the numbers.
Cut the risk.
Indian construction finance runs on RA bills, retention schedules, TDS under Section 194C and GST at the works contract rate. Handling this in Tally or a generic ERP means bolting on spreadsheets for everything construction-specific. Xpedeon's construction accounting software is built around how Indian contractors and EPCs actually bill, deduct and report.
GST, TDS and Multi-State Compliance, Built In
Stop tracking GST rates and TDS thresholds by hand across every state and every contract type and stay aligned with changing Indian statutory requirements.
- Built-in support for GST, TDS and RCM (reverse charge mechanism)
- Apply applicable tax rules based on transaction and contract type
- Support GST on works contracts and multi-rate billing
- Track TDS deducted by clients on receivables and TDS deductions on contractor and subcontractor payments
- Generate GSTR-1, GSTR-3B and GSTR-9 reconciliation reports with minimal manual effort
RA Bill Automation
Move RA bill preparation off spreadsheets and into a system that already knows your BOQ, measurements and prior bills.
- Cumulative RA bill generation against BOQ, measurement sheets and abstract estimates
- Automatic retention deduction at the contract-defined percentage, with cap tracking
- Recovery of material issued to the contractor, mobilisation advance and secured advance handled within the same bill
- Faster certification and payment cycles by cutting the manual back-and-forth between site and accounts
- Apply GST on the gross billed amount and TDS under Section 194C on the net, without manual splitting
Retention and Security Deposit Tracking
Retention gets buried in spreadsheets on most Indian projects. Xpedeon keeps it visible from the first RA bill to final release.
- Track Security Deposit and retention separately, per contract terms
- Flag amounts due for release at practical completion and after the Defect Liability Period
- Maintain a cumulative retention register across every live contract
- Reduce the amount sitting unclaimed because nobody tracked when it fell due
- Support bank guarantee substitution for retention where the contract permits it
Multi-Currency & Multi-State Ledger
Run separate entities, states and joint ventures without losing one consolidated view with Xpedeon's construction accounting software.
- Maintain distinct ledgers by entity, state or business unit for GST registration purposes
- Consolidate reporting across group companies and joint venture structures
- Handle intercompany transactions and JV cost-sharing without manual adjustment entries
- Support Ind AS 115 revenue recognition alongside statutory AS 7 reporting where required
Fixed Asset and Plant Register
Track plant, machinery and fixed assets across sites, with depreciation handled for both statutory and management books with Xpedeon accounting sotware for construction in India.
- Maintain separate depreciation books for statutory filing and internal management reporting
- Link plant registers to site allocation, hire charges and maintenance records
- Track asset movement across India state sites and reduce idle equipment time
- Improve utilisation visibility across your plant and machinery fleet
- Manage multiple depreciation books
Real-Time Cash Flow Across India Sites
See cash position across every site and entity without waiting for the accounts team to consolidate manually.
- Monitor live cash inflows and outflows by project and business unit
- Track client RA bill receivables, subcontractor RA bill payments and retention
- Monitor mobilisation advance recovery
- Forecast future cash needs and prioritise key payments
- Align payment cycles with project timelines and RA bill certifications
- Replace spreadsheets with real-time dashboards
Project-Based Financial Reporting
Generate financial reports structured the way Indian construction finance teams actually need them.
- Balance sheet, profit and loss and trial balance by project, site or cost centre
- WIP reporting showing cost incurred against certified value, to flag over-billing and under-billing
- Ageing reports for RA bill receivables and subcontractor payables
- Cost-to-complete visibility on demand, not just at month-end
- Compare actual costs against budgets and commitments
Audit Trail and Role-Based Access
Every approval, correction and update is logged. Ensure financial accountability and data security across all modules.
- Full audit trail across RA bill certification, retention release and payment approval
- Role-based access by site, entity and function
- Support statutory audit and internal audit requirements without manual evidence gathering
- Reduce time spent producing audit trails during year-end closing
- Control access by role, function and business unit
Built for Indian compliance
Construction accounting software from Xpedeon built for Indian compliance, handling RA bills, GST on works contracts and TDS under Section 194C natively.
Construction Accounting Software vs Tally and Generic ERP
Most Indian contractors outgrow Tally or a generic ERP once they run more than a handful of live sites. Tally handles bookkeeping. It does not handle RA bills, retention or project-level cost control.
| Capability | Tally / generic accounting software | Xpedeon Construction Accounting Software for India |
|---|---|---|
| RA bill generation against BOQ | Manual, outside the accounting system | Native, linked to measurement sheets |
| Retention and Security Deposit tracking | Manual spreadsheet | Automated, per contract terms |
| GST on works contracts and GST TDS | Basic or add-on | Built in, applied automatically |
| TDS under Section 194C | Manual calculation | Automated, individual and company rates |
| WIP and cost-to-complete reporting | Manual spreadsheets | Automated, real time |
| Multi-entity, multi-state consolidation | Not supported | Native |
| Mobilisation advance recovery | Manual tracking | Integrated within the RA bill |
| GST e-Invoicing with PO matching | Standard manual or automated | Automated three-way match |
| Automatic posting to general ledger | Manual journal posting or workflow-dependent | Automated |
Why project businesses outgrow Tally
Most Indian construction businesses run on Tally and for good reason - it’s excellent at general accounting and GST compliance, and nearly every accountant knows it.
Why Indian finance teams choose our construction accounting software
Xpedeon's construction accounting software is not a generic accounting platform with construction features added on.
RA bills, retention, GST works contract treatment and TDS under Section 194C sit inside the core ledger, not in a workaround.
India Client Testimonials and Case Studies
Trusted by India’s leading infrastructure and real estate businesses
Frequently asked questions
What India contractors and builders also ask about construction accounting software from Xpedeon
How is Xpedeon construction accounting software different from Tally?
Tally handles standard bookkeeping. Xpedeon's construction accounting software handles RA bills, retention, WIP reporting and cost-to-complete against the BOQ. It applies GST on works contracts and TDS under Section 194C automatically. It links these directly to your contract and site measurement data.
What is an RA bill and how does Xpedeon construction accounting automate it?
A Running Account (RA) bill is a periodic interim invoice a contractor submits for work executed to date, usually monthly, certified against measurements before payment. Xpedeon generates RA bills cumulatively against the BOQ, applies retention and recovery deductions automatically and tracks certification status through to payment.
Does Xpedeon accounting software for construction handle GST and TDS under Section 194C?
Yes. Xpedeon accounting software for construction applies GST on works contracts, including concessional rates for affordable housing where applicable, and calculates TDS under Section 194C at the correct individual or company rate. GST TDS is handled separately for government and PSU contracts where it applies.
Can Xpedeon accounting software for construction consolidate multiple entities and states?
Yes. Xpedeon accounting software for construction maintains separate ledgers by entity, state or business unit, which supports GST registration requirements, and consolidates reporting across group companies and joint ventures without manual adjustment.
Can Xpedeon accounting software for construction handle client and subcontractor RA billing?
Yes. Xpedeon accounting software for construction supports RA billing for client receivables as well as contractor and subcontractor billing, including cumulative billing, deductions, mobilisation advance recovery, retention tracking, GST and TDS workflows, proforma invoices and tax invoices.
Is construction accounting software from Xpedeon suitable for India builders and contractors?
Yes. accounting software from Xpedeon supports project-based financial management for builders, contractors, EPC and infrastructure businesses, with project-wise costing, financial reporting, cash flow management and multi-entity capabilities.
Speak to our India team
Discover Construction Accounting Software from Xpedeon India
Construction accounting software built around RA bills, GST and retention
Use the form to book a discovery call and see Xpedeon's accounting software for construction in action.
Latest Blog
In the news
Xpedeon Highlights Construction Back Office Gap
The Construction Working Capital Crisis: What Auditors See
The Green Site: Enabling Sustainable Construction with Smarter Software
Building Seismic-Ready Infrastructure
Xpedeon Powering Digital Transformation in Construction and Real Estate
Xpedeon CEO Featured in Hindustan Times with Insights on Digital Transformation
Digital Collaboration: Redefining India’s Infrastructure Future
Greening the Blueprint with Sustainable Construction Innovation
Janak Vakharia on Powering Infrastructure Growth with Cloud-Native ERP