REAL ESTATE DEVELOPMENT ACCOUNTING SOFTWARE
Maximize Your Development Success
Transform development challenges into predictable outcomes with our real estate development project management software that does many tasks and gives project portfolio wide insights. This all-in-one solution includes construction management, land development, loan draws, accounting, and forecasting tools—helping teams to successfully deliver projects from acquisition through to completion.
Software for real estate development
Real estate development spans three key stages of the life cycle, in taking an asset from thought, to paper, to paper signed: Pre-Development, Construction, and Funding. Modern real estate development software streamlines these phases with integrated property development tools.
The initial pre-development phase focuses on planning, site selection, and land acquisition software capabilities. Pre-development transitions into construction project management, accompanied by real estate accounting and budgeting software throughout the development workflow process.
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Pre-Development
Access past pre-development costs and update current project lines in real time.
Save time by eliminating cost reconciliation and archived, disparate filesystems. Spend more time looking ahead, not behind.
Enjoy concrete peace of mind, through more accurate cost-to-date recording and investment accuracy by eliminating version control issues, reducing formula error risks, and preventing data entry.
Development/ Construction
Professional-grade tools, for developers. Providing you real-time cost-to-complete forecasts at any project stage.
View your entire portfolio instantly with comprehensive project control by real estate development software options
Track commitments on every contract, together, in real time. Including original and revised values, amounts drawn to date, and retention.
Developer-oriented project reports and dashboards give you all the necessary data for critical decisions in an easily digestible format.
Save significant time in preparing loan draw requests, by custom category per lender. And you can track investors’ contributions/distributions per project, or overall position in your portfolio.
Versatile: Addresses all project types
Insightful: Forward looking Cost-to-Complete KPI’s
Accessible: Keep critical data at your fingertips, on any device
Empowering: Make better-informed decisions, faster
Proactive: Help your teams address issues preemptively with centralized communications
Collaborative: Connect internal and external project contributors as needed
Get all the tools needed to plan, fund, develop, and finalize your development projects, together in one “toolbox.” Acumatica’s unified real estate development software empowers developers like you to streamline, clarify, and act more quickly. All leading to improved efficiency and profitability across your portfolio.
Commitment Management
Managing contractors and suppliers requires you to stay up-to-the-minute with commitments, draw requests, payments, change orders and retention. The system automatically calculates retention amounts as indicated in the contract and allows for an override. Contract management will track in detail:
- Original contract
- Potential contracts
- Change orders
Easily manage Purchase orders with a focus on quantities, unit prices and recording items received. You can track material commitments and payments on a per unit basis.
Loan Draw & Funding
Acumatica can save you significant time preparing loan draw requests that are adapted to the unique categories used by each of your lenders. You can select from cost items that have not been fully drawn and indicate full or partial requisition and automatically collate the vendor’s invoice pdf’s into one document.
Handle multiple loans, update approved loan draws, record cash receipts and automatically create and post general ledger journal entries.
Project Control
Gaining cost control requires automated over-budget monitoring. We provide for user-defined cost code structure and the system tracks your actual costs and compares them to the job budget. You get full visibility into all committed costs, potential commitments and change orders. Job cost and the general ledger are updated in real time when transactions are entered.
Acumatica prevents overpayment of contracts by checking for duplicate draw invoices and by not allowing a draw that exceeds the contract limits.
Financials & Reporting
Acumatica’s integrated real-time general ledger system provides complete portfolio and entity level financial reporting and supports simultaneous cash and accrual accounting methods
Our robust financial reporting offers a wide variety of standard and custom general ledger reports and features date sensitive ranges.
You can adjust previously closed accounting periods with appropriate access controls which relieves stress of period and year-end closings.
Job Cost Accounting
Monitor and manage property development, project costs, commitments, fundings, and budget for projects using user-defined projects and cost codes.
Manage real estate development software designed projects of any complexity across different project types and industries and roll costs up to financial reports.
Associate any document with a specific project for complete accounting for all activities, costs and commitments
Project Management
Gain greater control over your general contractor, vendor, or self-performed work with Acumatica Real Estate Project Management.
Managing people, materials, and equipment while collaborating with stakeholders and addressing evolving challenges can quickly become overwhelming without the right business management tool. Acumatica Real Estate Project Management provides the solution you need.
From a single source of truth, easily manage:
- Daily project activities
- Issues and changes
- Project documents
- Daily field reports
- Job costs
Access all this information from any device, streamlining your real estate project management software process and enhancing efficiency.
Frequently asked questions
How Can Real Estate Development Software Help With Managing Loan Draws?
Our real estate development software streamlines the loan draw process by automatically generating draw requests according to your lender’s specifications. The system tracks all costs against your budget, organizes supporting documentation, and creates complete draw packages that can be submitted directly to your lender. This automation reduces preparation time, ensures all eligible costs are included, and provides clear visibility to your capital partners.
How Does the System Assist With Commitment Control?
The real estate development software enhances commitment control by tracking all costs against your budget, automating draw requests, and organizing necessary documentation. The system generates complete draw packages that meet lender requirements, ensuring accuracy and efficiency while offering clear financial oversight for capital partners.
How Does the Software Help With Project Management?
Our real estate development software serves as a central hub for managing all aspects of development projects. The platform integrates budget planning, cost tracking, task management, document control, and vendor management into a single interface. Real-time dashboards and customizable reports provide visibility into project status, milestone tracking, and financial performance, while automated workflows minimize administrative tasks and allow teams to focus on strategic initiatives.
Can the Software Handle Multiple Budget Scenarios and Revisions?
Yes! Our development software allows you to create and manage multiple budget scenarios for each project. You can easily compare different budget versions, track revisions, and maintain a complete audit trail. This flexibility is especially valuable during pre-development planning and throughout the project as projections evolve and conditions change.
How Does the Software Help With Cash Flow Projections?
Our real estate development software features advanced cash flow projection tools that forecast spending based on your budget, commitments, and project schedule. Users can visualize cash requirements over time, anticipate potential shortages or surpluses, and plan capital calls accordingly. These projections can be adjusted for different scenarios and update automatically as actuals are recorded.
Can the Software Help With Historical Data Analysis for Future Projects?
Our development software provides a significant advantage by extracting and utilizing historical project data. The system standardizes cost and vendor information across your portfolio, enabling you to establish benchmarks and identify patterns. By retrieving actual costs from past similar projects, you can develop more accurate budgets for new projects and make more informed decisions.
How Secure Is the Project Data Stored in the Software?
The Acumatica platform employs enterprise-grade security measures to protect your sensitive project data. Operating in secure cloud environments with SOC 2 Type II certification, your data is safeguarded through multiple layers of protection, including encryption, secure authentication, role-based permissions, and regular security audits.
How Difficult Is It to Implement the Software for My Team?
Our implementation process is designed to be efficient and minimally disruptive for your team. Unlike traditional ERPs that require 6-12 months to implement, our platform can be deployed in as little as 1-2 months. We handle data migration, provide personalized training, and offer ongoing support. The intuitive interface requires minimal training, allowing your team to quickly leverage the platform’s full capabilities.
How Does the Software Help With Vendor Management?
Our real estate development software centralizes all vendor information, contracts, and performance data. You can track insurance certificates, lien waivers, and payment status in one place. The system helps evaluate vendor performance across projects, identify vendors who frequently submit change orders, and maintain a database of qualified vendors.