Accounting & Bookkeeping ยท KBLI 41011
Developer & Real Estate
Property developers manage multi-year projects with cash flows and gradual revenue recognition. Project-based bookkeeping is needed so land costs, construction, and revenue per project are recorded accurately. Arunika Consulting helps developers prepare financial statements according to real estate accounting standards.
Compliance Warning
This industry is considered high risk and may receive closer attention from tax authorities. Professional tax consultation is strongly recommended.
What usually goes wrong
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Complex Project Accounting
Each project has different cost structures and stages requiring per-project recording.
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Gradual Revenue Recognition
Revenue recognition must follow progress and unit sales contract provisions.
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Land and Construction Costs
Capitalization of land, permit, and construction costs must be consistent to maintain COGS accuracy.
What we do
- 01
Separate Project Ledger
Creating general ledger per project so costs and revenue can be monitored real time.
- Clear profit per project
- Neat budget vs actual
- Cash flow control
- 02
PSAK-Compliant Revenue Recognition
Establishing revenue recognition criteria based on progress and contractual obligations.
- Accurate reports
- Standard compliance
- Audit ready
- 03
Capitalization & Costing
Organization of land, construction, and project overhead cost accounts for consistent COGS.
- Accurate COGS
- Measurable margin
- Better investment decisions
Related regulations
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PSAK 44
Real Estate Development Activity Accounting
Guide for revenue and project development cost recognition
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PSAK 72
Revenue from Contracts with Customers
Revenue recognition framework for unit sales and construction contracts
If the tax office starts asking questions
The team that keeps your books and files your taxes also stays with you through an SP2DK, an audit, an objection and an appeal.
Frequently Asked Questions
When is property project revenue recognized?
Revenue is recognized following PSAK 44/PSAK 72 provisions considering construction progress and contractual obligation fulfillment.
Can bookkeeping separate costs per project?
Yes. We create account structures and project codes so land, construction, and overhead costs are recorded separately.
How do accounting services improve operating cost efficiency?
Accurate, timely financial reports help you spot cost leakage, monitor margins by product or service, and make data-based decisions.
Can financial reports be accessed in real time?
Yes. We use cloud accounting systems so you can monitor cash flow, profit and loss, and business performance from anywhere.
How do you ensure reports are ready for external audits or banks?
Reports are prepared with clear documentation and traceable transaction data.
Related Industries
- Contractor & Construction Accounting KBLI 41012Contractor construction accounting according to PSAK 72 and SAK EP. Percentage of completion, progress billing, retention, and project costing.
- Property Rental and Boarding House Tax KBLI 68110Property rental tax Indonesia: 10% final tax on gross rent, commercial rental VAT at 11%, tenant withholding vs self-assessment, and multi-property PBB management.
Tell us about your business
Send your line of business, rough annual turnover, and what is going wrong. We reply on WhatsApp.
Chat on WhatsApp- +62 851 1730 8880
- info@arunikaconsultant.com
- Sidoarjo, Jawa Timur