Software Built Specifically for the Needs of Real Estate Developers
Handle All Aspects of Development with Ease
Budgetrac software was explicitly developed as project-oriented Accounting Software, with the project perspective receiving equal attention as the financial perspective. All the software modules or functionality are project aware. That each module can provide the necessary project perspective to complement the general ledger perspective. Budgetrac found the independent perspectives to be the key to addressing the real estate developer needs
The main difference between Budgetrac and other job cost or construction software packages is how the project perspective permeates the software design. The developer needs to see a project from the top-down. Since most developers hire a general contractor and subcontractors to implement projects, top-down financial control is more critical than bottom-up details. Nearly all job costing software emphasizes the subcontractor or general contractor perspective where the detail level drives the reporting.
Budgetrac success in the developer market comes from its ability to go beyond the details and show management the top-level project status and the various detail levels that support it.
Increased efficiency in that transactions can be entered one time (i.e., an invoice) and that one transaction will be reflected in payables as on invoice to pay, in project costing as a cost to manage and applicable for loan draw process – negating the need for duplicate/triplicate entry and possible data entry errors causing report differences.
The ability to manage project costs and, through the single-point entry, know the exact status of a project from budget to committed/contracted costs to actual costs to date. The ability to factor in forecasting changes is always “seeing” a more accurate view of the estimated completion costs.
A single point of reference with backup schedules to report both budgeting and project costing of a project that integrates into financials.
“But the further I got into it, and investigated, not only did it meet all of our requirements for what we wanted, but also was within our budget.”
-Chief Financial Officer, Integrated Real Estate Company; Residential, Retail, Mixed-Use Projects- Virginia
Weekly Software Demo
Learn more about Budgetrac software by joining your choice of weekly group demos. Perfect for a high-level view of the software or to get your specific questions answered. →
Explore the benefits of Budgetrac specific to your role
We want to tell you more about how Budgetrac can significantly reduce time-consuming tasks for processing the accounting information for your real estate projects.
Please select your role in the organization for a more in-depth look at the benefits:
Developer / Owner
- Real time financial reporting
- Full suite of business KPI’s
- Multi-Company reporting
- Cashflow projections by time period
Finance / Accounting
- No need to re-enter new accounts into each company since they are global in Budgetrac
- No need to re-enter vendors
- Unlimited number of bank accounts
- MICR check writing with signature and ACH vendor payments
Project Manager
Excel has been a valuable tool for project managers since its inception, but the program currently functions as more of a puzzle piece rather than an end-to-end solution for construction projects.
- Tracking projects on spreadsheets presents numerous issues for finance professionals and project managers.
Property Manager
- Real time financial reporting
- Full suite of business KPI’s
- Multi-Company reporting
- Cashflow projections by time period
Real Estate Development Software Solutions - FAQs
Budgetrac Software can help to provide a complete real estate software solution that addresses the complete life cycle of a real estate asset: from project inception to project completion, and from pre-development to property management.
Budgetrac Software was developed specifically as project-oriented accounting software with the project perspective receiving equal attention as the financial entity.
The main difference between Budgetrac and other “construction” software packages is the degree to which the project perspective permeates the software design. The developer needs to see a project from the top down.
Nearly all job costing software emphasizes the subcontractors or general contractor perspective where the detail drives the reporting. Budgetrac’s success in the developer market comes from its ability to go beyond the details and show management the top level project status. Here at Anton, we can help you to best navigate Budgetrac’s functionality.
Many developers look to solve these informational needs: Multi-Entity Accounting, Project Control, Commitment Management, Loan Draw, Project Reporting in real time.