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 single platform includes tools for construction companies, land development, loan draws, accounting, forecasting and project tracking, helping your development team successfully deliver residential projects and commercial builds from acquisition through to completion.
Gain valuable insights, reduce human error, and improve project outcomes with an integrated solution built for the unique demands of today’s real estate market.
Software for real estate development
Real estate industry 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 software solutions streamlines this journey with integrated tools built by a leading real estate software development company.
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.
By centralizing project information, reducing manual processes, and enabling real-time collaboration, our platform ensures smoother transitions and improved efficiency across the entire lifecycle.
CLICK TO FLIP
Pre-Development
Access past pre-development costs and update current project information in real time.
Save time by eliminating cost reconciliation and archived, disparate filesystems. Spend more time planning future developments.
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, built for developers. Get real-time visibility into your entire portfolio at any project stage, with accurate cost-to-complete forecasts designed to support project managers and small business teams alike.
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-driven decisions in an easily digestible format.
Efficient progress tracking, better communication, and proactive budgeting all contribute to improved cash flow, fewer delays, and more predictable project outcomes.
Versatile: Built to support all project types, including residential projects, commercial developments, and mixed-use assets.
Insightful: Forward looking Cost-to-Complete KPI’s and analytics offer valuable insights for better planning.
Accessible: Access critical data anytime, on any device, ensuring easy access for remote teams and executives.
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, through a single platform.
With all the key features needed to plan, fund, and complete your developments, Acumatica’s unified solution helps you increase efficiency, streamline business processes, and deliver a better customer experience across every phase of the project lifecycle.
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 detailed views of quantities, unit prices, and received items. You can track material commitments and payments on a per-unit basis to ensure quality control and cost accuracy.
By standardizing best practices, the platform allows property owners and project leads to maintain oversight with confidence, even across multiple vendors and contracts.
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.
This intuitive user interface streamlines the draw process, improving customer service and speeding up project execution. It also ensures complete and compliant financial data handling, giving property managers and stakeholders confidence in capital flow and reporting accuracy.
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 reduces human error by detecting duplicate draw invoices and preventing overpayments that exceed contract limits.
This enhanced control allows developers and project managers to stay ahead of budget issues, reduce financial risk, and ensure more consistent project progress.
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.
These capabilities empower real estate company leaders to make confident, data-driven decisions, monitor cash flow, and maintain full transparency across every phase of the development process.
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 platform, easily manage:
- Daily project activities
- Issues and changes
- Project documents
- Daily field reports
- Job costs
Access all of this from any device, improving progress tracking, real-time visibility, and field-to-office collaboration.
With features designed for the best real estate developers, Acumatica helps streamline your project execution process and keep projects on time, on budget, and fully transparent.
Frequently asked questions
How Can Real Estate Development Software Help With Managing Loan Draws?
Our real estate development management 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 project information 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 Management Software acts as a centralized platform designed to streamline every stage of property development. Built in collaboration with expert software developers, it integrates essential features like budget planning, document management, cost tracking, document control, and vendor coordination into one seamless interface. With a strong focus on user experience, the system offers real-time dashboards, customizable reports, project status and milestone tracking to enhance project oversight. Additionally, built-in risk assessment tools help identify potential risks early, while automated workflows reduce administrative burdens and keep teams focused on strategic goals.
Can the Software Handle Multiple Budget Scenarios and Revisions?
Yes! Our real estate development software allows you to create and manage multiple budget scenarios per project. Easily compare budget versions, track revisions, and maintain a full audit trail. This flexibility is crucial during Due Diligence and helps adapt financial planning as future developments evolve.
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?
Acumatica adheres to strict Data Privacy standards. Our 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.
How does real estate development accounting software improve financial management for property developers and real estate agents?
Real estate development accounting software streamlines financial management by offering real-time access to financial data, tracking budgets, expenses, and cash flow throughout the entire development process. Property developers and real estate agents benefit from accurate reporting, improved decision-making, and enhanced data security, ensuring operational efficiency and compliance with financial regulations.
What features should I look for in the best real estate development software to manage construction and lease management effectively?
The best real estate development software should include robust construction management software tools, lease management capabilities, and support for handling legal documents. It should also enhance team collaboration, automate financial tracking, and offer customizable dashboards for property development projects. Choosing the right software ensures streamlined workflows and helps real estate agents and developers stay on top of every stage of the project lifecycle.
Why is real estate software solutions important for managing property development projects and real estate investment?
Real estate software solutions are vital for managing property development projects and real estate investment because they centralize all financial data, legal documents, and project timelines in one secure platform. These tools increase operational efficiency, enable better risk management, and improve communication among teams, making them essential for successful real estate investment and development outcomes.