RA billing
Running-account bills through draft, submitted, approved and paid, built from the bill of quantities rather than typed in again.
Evidence and compliance
Keep the reason beside the number.
The measured bill, the stored rate and the named decision remain part of the same record.
The document has a history.
Issuing a bill freezes its figures and wording. Corrections are credit notes. Governed changes leave a new entry in the record.
Inspect the system controls- 06:12Daily progress report submitted
Site engineer
- 06:12Measured value of work
Site engineer
Value withheld from this role - 09:40Progress approved with remarks
Project manager
- 11:05RA bill drafted from BOQ
Quantity surveyor
- 14:22GST and TDS applied and stored
Finance manager
- 14:22Entry sealed
System
Money and statute, recorded together.
Running-account billing, the frozen document behind it, and the two statutory rates every Indian contractor argues about. Each rate is stored on the transaction with the value that applied, so a bill raised last year still explains itself this year.
The issued bill is frozen
Issuing a bill stamps the tax point and freezes its figures and wording in the database, where even our own keys cannot rewrite them. Corrections are credit notes, so what was billed never changes shape.
GST on the full value of the supply
Retention and recoveries are deductions from the payment, never from the taxable value. The tax is charged on the full value billed, at the rate stored on that transaction, never re-derived later from a rate that has since changed.
TDS on the value of the supply
Deducted at 1 percent for individuals and 2 for companies, on the value excluding GST where the tax is shown separately, with the statutory reference and the rate stamped on the entry as they stood that day.
Terms that explain themselves
A question mark beside every technical label opens a plain-words explanation where the term stands, because the people reading these screens are engineers and accountants, not software people.
Keep expiry dates in view.
Compliance register
Track insurances, statutory licences and registrations to expiry.
Bank guarantees
Keep the purpose, bank and expiry beside every guarantee.
Alerts at 90, 30, 15 and 7 days before expiry.
See your work in Norvis.
Bring a project and the questions your team needs to answer.