In construction, money and work don't line up: advances at the start, retention holdbacks at the end, and projects that run for months or years. Accounting that doesn't track completion stage by stage produces numbers that don't reflect the project. We keep the books by project, recognise revenue correctly and handle tax reporting, so you can focus on the site.
Construction has its own accounting rules. In Moldova, revenue on construction contracts is recognised by stage of completion, under the SNC 'Construction contracts' standard, based on the volume of work confirmed by the client. On top of that come the VAT regime with deduction rights (and pro-rata where there are exempt supplies), advances and retention holdbacks. We keep the books per project and tax reporting up to date, and on the legal side we help with contracts, documents and building permits and with recovering outstanding payments.
A project runs for months or years, and money comes in as advances and on work statements, not at handover. If revenue isn't recognised by stage of completion, project profit and reporting come out wrong.
Based on the work statements confirmed by the client, we recognise revenue by stage of completion under the SNC 'Construction contracts' standard and keep separate books for each project.
AccountingAdvances received at the start and retentions held back at the end are neither income nor expense when paid — recorded wrongly, they distort the result and the balances.
We record advances and retention holdbacks correctly, track their release dates and make sure each project's balances are clear and audit-proof.
AccountingConstruction mixes taxable supplies with exempt ones (some housing, for example), and VAT deduction rights and pro-rata are easy to get wrong. From 2026, the mandatory VAT registration threshold was raised.
We apply VAT correctly to each type of supply, calculate the deduction pro-rata where needed and track the registration threshold, so you don't lose deductions or make filing errors.
AccountingSubcontractor invoices, materials consumption and equipment depreciation pile up from dozens of sources. Without structured records, the true cost per project stays unclear.
We keep records of subcontractors, materials and fixed assets (per SNC), so costs are allocated correctly to each project and are deductible.
AccountingIn construction, a project rests on paperwork: main and subcontractor contracts, urban-planning certificates, building permits. Missing documents or weak contracts mean stalled work and money that's hard to recover.
We draft and review main and subcontractor contracts, help with the required documents and permits (urban-planning certificate, building permit) and provide legal support to recover outstanding amounts.
Legal servicesStaff change from one project to the next, with fixed-term contracts and salaries that vary monthly. Wrong contracts and calculations lead to trouble with the State Labour Inspectorate.
We draw up contracts, calculate salaries and CNAS and CNAM contributions, and prepare payroll and monthly reports for your crews.
Payroll & HRUnder the SNC 'Construction contracts' standard, revenue is recognised by stage of completion — based on the volume of work actually carried out and confirmed by the client through work statements, not only at final handover.
It depends on the number of projects, transaction volume and employees. We'll give you a clear quote after a free consultation, with no hidden costs.
Not as a general rule. In Moldova, reverse-charge VAT applies, from 2026, to supplies of electricity and natural gas, not to construction works. Construction uses the ordinary VAT regime, with deduction rights and, where applicable, pro-rata.
We take over the books and ongoing projects from your current accountant, check the balances on each contract and make sure the transition happens without data loss or reporting delays.
Yes. We draft and review main and subcontractor contracts and help with the required documents, including the urban-planning certificate and building permit. The building permit is issued by the local public authority within at most 30 working days of filing.
A retention holdback is not an expense or income when it's withheld. We record it separately and track its release date, so the balance on each project is correct.
Start with a free consultation and a dedicated account manager.