Claims and tax invoices
A progress claim in Kumry is a draft record of what you are claiming on a job. The tax invoice you issue is what carries GST into your figures, on the cash or accrual basis set in your GST profile.
Construction and trades
Books that follow the job, not just the bank account
Construction work runs for months, is paid in stages and is delivered with subcontractors. Kumry lets you set each job up as a project with its own budget, code costs to it as they arrive, and keep a record of what you have claimed.
For builders and trades
- A project for each job, with its own budget
- Progress claims and time entries recorded against the job
- Subcontractor bills coded to the work they belong to
- Supplier ABNs kept on each contact
- GST and BAS figures traced to their transactions
What the work involves
The jobs on a building business’s books
What Kumry does for each.
Cost each job
Set up a project for each job with its budget, and code income, materials and subcontractor costs to it as they are recorded. Project reporting then follows the work rather than the calendar.In Kumry: Projects
Record what you claim
Record progress claims against a project. Each claim can hold back a retention at the rate you set, and claims go through an approval step before they post.In Kumry: Projects · Claims
Track time on the job
Record time entries against a project so labour shows up where it was spent.In Kumry: Projects · Time
Pay subcontractors and suppliers
Enter subcontractor and supplier bills with the invoice attached, code each to the right project, approve them, and record payment. Keep each supplier’s ABN on their contact.In Kumry: Bills · Contacts
Keep the bank and the jobs reconciled
Import bank statements as CSV, OFX or QIF and match deposits to invoices and payments to bills, so each job’s figures rest on reconciled transactions.In Kumry: Banking
Hand records to a lender or adviser
Produce profit and loss, balance sheet, aged payables and receivables, and tracking summaries. If you moved from Xero, keep the signed migration certificate with them.In Kumry: Reports · Certificates
How it works
A walkthrough
An illustration of how Kumry handles this kind of business from start to finish. It describes the product, not a named customer, and it promises no particular result.
How it works · an illustrative walkthrough, not a customer story
A builder running three renovation jobs
Jobs that run for months, a handful of regular subcontractors, materials from several suppliers and a quarterly BAS.
- 1
Set up the jobs
Each renovation becomes a project with a budget for labour, materials, subcontractors and other costs.
- 2
Code the costs
Materials and subcontractor bills are entered with their invoices attached and coded to the right project.
- 3
Record the claims
Each stage claim is recorded against its project as a draft, and the tax invoice is raised to the client.
- 4
Reconcile
Bank statements are imported and client payments and supplier payments matched against them.
- 5
Review the job and the BAS
Project reporting compares spending with budget, and the period’s GST summary is reviewed before lodging.
Each job carries its own costs, and the BAS comes from the same reconciled transactions.
GST and BAS
GST, BAS and reporting for building businesses
Notes on how the construction-specific parts of the tax work sit alongside Kumry today.
Retentions
A claim can hold back a retention, and Kumry works out the GST on it. When you release a retention, Kumry can create a draft invoice for the retained amount and its GST. Check the retention terms in your contracts with your accountant.
Subcontractor payments and TPAR
Businesses in building and construction generally report payments to contractors to the ATO in a Taxable payments annual report. Mark a subcontractor as reportable on their contact, and Kumry prepares the year’s totals from the payments you record against their bills. You or your registered agent then lodge the report with the ATO.
BAS
Kumry prepares the BAS figures from your reconciled transactions, separating capital (G10) and non-capital (G11) purchases. You or your registered agent lodge with the ATO.
Kumry prepares GST and BAS figures from your transactions. You, or your registered tax or BAS agent, review and lodge them with the ATO. This is general information, not tax advice.
Questions people ask
Can Kumry calculate retentions on my claims?
Yes. Each progress claim can hold back a retention at the rate you set, and Kumry works out the GST on it. Claims, time entries and retention releases each go through an approval step before they post.
Are projects included in every plan?
Projects depend on your plan. The pricing page shows what each plan includes.
Does Kumry prepare the TPAR?
Kumry prepares the figures: each reportable contractor’s ABN and the payments recorded against their bills for the year. It does not lodge the report; you or your registered agent lodge it with the ATO.
Can I bring my jobs across from Xero or QuickBooks Online?
From Xero, Kumry imports your chart of accounts, contacts, tracking categories and full history, reconciled to the cent against the source trial balance, with a signed migration certificate. From QuickBooks Online, Kumry brings your chart of accounts, contacts and transaction history. Projects stay in QuickBooks.
Does Kumry do payroll for my crew?
No. Payroll is not included in any Kumry plan today. Keep your payroll provider and record wages in Kumry.
Keep every job’s numbers where you can see them
Request access, or book a walkthrough using one of your own jobs.
Kumry accounts are set up on request: Get started takes you to a short request form.