Bookkeeping for interior design and fit-out companies
Fit-out projects run on advance payments, progress billing, subcontractors and retentions. We track every project from quote to handover, so you know your margin on each job and your VAT is right from the first payment.
Common challenges we fix
- Project costs spread across many suppliers and subcontractors
- Advance payments received before work starts
- Retentions held by clients for months
- Variations and change orders not billed
What we handle for you
- Job costing for materials, labour and subcontractors
- Progress billing and variations tracked per project
- VAT on advance payments at the right time
- Retentions receivable and payable recorded
- Subcontractor statements reconciled
- Margin report for every project
Frequently asked questions
Do we charge VAT on an advance payment?
Generally yes. Receiving payment is one of the events that creates a tax point, so VAT is usually due on an advance when you receive it, even before the work is done.
How should retentions be recorded?
Retention held by your client is still money owed to you and is recorded as a receivable until it's released. Retention you hold from subcontractors is a liability.
Guides for UAE businesses
Bookkeeping for Small Business in UAE: Step-by-Step Guide
Eight simple steps to set up and keep bookkeeping for a UAE small business, with basic examples and the UAE-specific rules you need.
Read the guide →VAT Registration Threshold UAE: Who Must Register?
AED 375,000 mandatory, AED 187,500 voluntary: how the UAE VAT threshold works, how to calculate it and when you must apply.
Read the guide →Corporate Tax Registration Deadline UAE (Including New Companies)
New companies have three months to register for Corporate Tax. Here's how the deadline works, the AED 10,000 penalty and the waiver.
Read the guide →Get your books in order this month
Tell us about your business and get a fixed monthly quote within one business day.