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Expenses in OneYukti for Construction

Site Expense Management for Construction Firms

Site expenses in a construction company run on imprest. The site engineer or supervisor is handed cash, spends it on diesel for the generator, a tractor trip of sand, tea for the labour and a broken vibrator needle, and sends a statement to head office when the money runs low. The statement is a handwritten sheet with a bundle of kaccha bills, some without a shop name. Head office tops up the imprest first and checks later, because work cannot stop. Which cost belonged to which project is settled by guesswork.

Industry Solution

Construction

Feature

Expenses

Why Construction teams run Expenses in OneYukti

The Expenses app in OneYukti lets the site record each spend as it happens. The supervisor photographs the bill, and OCR with handwriting recognition picks up the merchant, date and amount from a handwritten slip. Every expense carries a category and can be tracked against a project budget, since budgets are set by department or project. Smart alerts point out claims with missing receipts, so an unsupported item shows up as an exception and does not disappear into a total.

Approval routing by amount fits the way contractors already delegate. A project manager clears routine site purchases from a phone, and a claim above the limit you set goes on to the director. Engineers who move between sites on their own vehicles claim through mileage tracking. The Project app tracks project-related expenses and bills them back to the client, which matters on contracts where certain site costs are recoverable. Approved expenses post to the general ledger under the proper account codes.

A director can look at site expenses by category, set against the budget for that project. Comparing two sites of similar size becomes a matter of reading two reports. Employee spending shows how much each supervisor has claimed over a period, and the approval history shows who cleared it. The site no longer has to compile a statement, because the claims are already in the system when the next top-up is being decided.

Construction challenges that Expenses solves

Common problems in construction operations that Expenses in Yukti addresses

Challenge 1

Site imprest is topped up before the last statement is checked, because work on site cannot wait

Challenge 2

Handwritten bills from local suppliers arrive in bundles with no project, no category and sometimes no shop name

Challenge 3

Costs from several sites are pooled in one cash account, so project-wise spending is guessed

How Expenses in Yukti helps Construction

What construction organizations using Yukti get from the app

Benefit 1

Handwriting recognition in receipt scanning reads kaccha bills and slips photographed at the site

Benefit 2

Project budget tracking sets each site's expenses against the amount planned for that project

Benefit 3

Amount-based routing lets project managers approve routine purchases on mobile and passes larger claims to directors

Ready to see Expenses in action?

See how Expenses in Yukti fits construction operations.