Real Estate Accounting

The Value of Accurate Reporting for Developers

  Accurate data reporting provides your organization with precise insight into your financial well-being. It is essential that you maintain correct accounting records if you want to know your company’s financial situation at any given time. Having reliable, simple-to-understand accounting reports available when you need them is a smart first step in making sure you …

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How Real Estate Development Software Aids Better Project Management and Outcomes

Accurate accounting plays a vital role in running your organization along with the overall outcome of your development projects. This is because it aids in the tracking of income and expenses, as well as providing quantitative financial data to investors, managers, and other decision-makers to aid in the making of business decisions. A single accounting …

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The Many Ways Budgetrac Software Meets Your Unique Needs as a Real Estate Developer

  Real Estate developers have specific and unique accounting and project control needs. Budgetrac real estate development accounting Software lets you actively manage projects and complete them within budget. Budgetrac produces reports vital for managing projects from inception through completion. You’ll get reports when they’re needed – not just at the end of an accounting …

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Tech Upswing Helping to fuel Commercial Real Estate and Property Management

  Tech is on the rise in commercial real estate (CRE) and property management. That’s according to a new First Research report on the industry, which states that property management companies are increasingly using technology to help them monitor commercial leases and manage services. And with the market hopefully poised for a long, strong recovery …

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How Real Estate Development Accounting Software Increases Productivity for Your Organization

  Accurate, real-time accounting is paramount for real estate developers and property managers. Unfortunately, proper bookkeeping can be both tedious and time-consuming. What if there were a way to keep accurate records while increasing productivity simultaneously? There is — real estate development software! Unlike other accounting software, such as QuickBooks, which caters to a more …

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Four Things That Make Real Estate Development Accounting Software Unique

  It’s important to understand the differences between real estate development accounting software and conventional accounting programs, such as Quickbooks. Let’s take a closer look at the four primary distinguishing characteristics. Developers are in it for the long haul Because typical development projects are long-term, real estate development accounting differs from other types of accounting. …

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How Digital Innovation Reduces Human Accounting Errors in Commercial Real Estate

A wonderful thing about the proper implementation of technology is that it excels at limiting the number of ever-prevalent human errors, thereby greatly lessening their negative impact on commercial real estate (CRE) development. One of the best examples of this in action can be seen in the financial space. When it comes to accounting, eliminating …

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Still Using Outdated and Manual Real Estate Development Software?

The struggles of still using outdated and manual real estate development software are unnecessary as they are hindering. To limit your company’s accounting to Quickbooks and project costing, commitments to Excel diminishes time, as well as control. Now, imagine utilizing a cloud-based software solution that gives you complete project control, including the ability to: view …

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Automation Greatly Reduces Loan Draw Process Time and Accuracy

Paperwork. It is truly a rare person who enjoys this tedious but imperative task. The best way to minimize the time spent on this mundane job is via automation through technological innovation. Draw requests comprise invoices, receipts, budgets, change orders and lien releases. And if you are still handling these chores manually for a Commercial …

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