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.
Common Challenges
Complex Project Accounting
Each project has different cost structures and stages requiring per-project recording.
Gradual Revenue Recognition
Revenue recognition must follow progress and unit sales contract provisions.
Land and Construction Costs
Capitalization of land, permit, and construction costs must be consistent to maintain COGS accuracy.
Our Solutions
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
PSAK-Compliant Revenue Recognition
Establishing revenue recognition criteria based on progress and contractual obligations.
- Accurate reports
- Standard compliance
- Audit ready
Capitalization & Costing
Organization of land, construction, and project overhead cost accounts for consistent COGS.
- Accurate COGS
- Measurable margin
- Better investment decisions
Related Tax Regulations
PSAK 44
Real Estate Development Activity Accounting
Guide for revenue and project development cost recognition
PSAK 72
Revenue from Contracts with Customers
Revenue recognition framework for unit sales and construction contracts
Need Help with Developer & Real Estate?
Consult your bookkeeping and tax needs with our professional team. Free initial consultation.
Free Consultation via WhatsAppDeveloper & Real Estate Consulting Services Across Indonesia
We support clients in major Indonesian cities. Find a location-specific service page for your area.
Bali
Banten
Daerah Istimewa Yogyakarta
Jawa Tengah
Jawa Timur
Kalimantan Barat
Kalimantan Selatan
Kalimantan Timur
Kepulauan Riau
Riau
Sulawesi Selatan
Sulawesi Tengah
Sulawesi Tenggara
Sulawesi Utara
Sumatera Utara
Sumatra Selatan
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 by qualified accounting professionals with clear documentation and traceable transaction data.
Related Industries
Contractor & Construction Accounting
KBLI 41012
Contractor construction accounting according to PSAK 72 and SAK EP. Percentage of completion, progress billing, retention, and project costing.
Property Rental & Boarding House Tax
KBLI 68110
Property rental tax services for 10% Final Tax, commercial rental VAT, and passive income tax compliance.
Hotel & Hospitality
KBLI 55111
Implementation of PMS integrated with POS, channel manager, and accounting for hotels and multi-outlet resorts.