Construction
The UAE construction sector runs on long-duration, multi-milestone contracts where cash, revenue and tax rarely move in the same direction. That timing mismatch is exactly where the accounting function tends to break.
What we handle for you
- WIP & percentage-of-completion accounting
- Retention money — VAT & CT timing
- Variation orders, claims & back-charges
- Site payroll & accurate job costing
- Fixed-asset registers & depreciation
- IFRS 15 compliance & audit readiness
- Transfer pricing & ESR filings
What makes Construction different
Few industries place as much strain on a finance function as construction. Projects span years, cash moves independently of revenue, and the regulatory obligations stack up at every billing milestone.
Long-Duration, Multi-Milestone Contracts
Construction contracts routinely run 18 months to five years, with revenue recognised progressively under IFRS 15.
Revenue, Cash & Tax Move at Different Speeds
Revenue recognition, VAT timing and cash collections rarely align neatly in construction projects.
UAE-Specific Regulatory Load
Contractors must comply with VAT, Corporate Tax, ESR, transfer pricing and long-term record retention.
Fragmented Supply Chain & Sub-Contractor Risk
Multiple vendors, subcontractors and contract changes create constant reconciliation pressure.
Where the books actually hurt
Five accounting bottlenecks that consistently cost UAE construction businesses money and visibility.
WIP & Percentage-of-Completion Accounting
Most contractors still rely on rough cost estimates, creating unreliable WIP schedules and inaccurate financial reporting.
Retention Money — Timing & Classification
Retention balances often create VAT, CT and receivable classification inconsistencies across projects.
Variation Orders & Back-Charges
VO approvals and subcontractor disputes distort both profitability and contract asset reporting.
Site Payroll & Job Costing
Labour costs are rarely tagged correctly to projects, making accurate contract margins impossible.
Fixed Assets & Depreciation
Equipment and plant registers often fail to reflect operational reality across active sites.
How Map My Books fixes it
A complete accounting, tax and advisory function built around the way construction businesses actually work.
Accounting & Bookkeeping
Monthly WIP schedules, contract accounting and project-based reporting aligned with IFRS 15.
VAT & Corporate Tax
Proper VAT timing, tax invoice compliance and CT treatment for construction contracts.
Audit & Assurance
Audit-ready financial statements and documentation that withstand scrutiny.
Advisory & CFO Services
Cash-flow forecasting, profitability tracking and operational finance support.
Speak to a sector specialist
Tell us about your business and we’ll come back to you within one working day.