Bookkeeping & CFO Services for Real Estate Developers

Know what every project really costs, from acquisition to closing.

Development projects move fast and money moves in many directions: acquisition, soft costs, contractors, construction draws, investor capital and closings. When the books fall behind, it’s hard to know where a project stands against budget, what the lender needs next, or what’s left for the partners.

Sandra spent years as CFO of a real estate investment group. We bring that experience to developers who want clean, project-level numbers they can rely on and share with lenders and investors.

Sandra is a thorough and capable professional. She is experienced in managing finances and producing accurate and timely financial reports in both real estate specific businesses and in general operating businesses. Her specific knowledge of real estate accounting and the fundamentals of the underlying assets make her an obvious fit for an RE firm looking for finance and accounting leadership.

— Ezra Dweck, President, Ice Cap Group
Three professionals in business attire review architectural blueprints, a task often coordinated with bookkeeping for real estate developers in NYC.

Services we provide for developers:

  • Separate books for each project or LLC
  • Job costing by project, phase and cost category
  • Budget vs. actual tracking for hard and soft costs
  • Construction loan draw support and lender reporting packages
  • Capitalizing project costs correctly, apart from operating expenses
  • Contractor and subcontractor payments, with 1099 tracking
  • Cash flow planning around draws, capital calls and closings
  • Investor and partner reporting, including capital accounts and distributions
  • Year-end records organized for your CPA
  • QuickBooks Online and QuickBooks Desktop

Common issues we help developers fix:

  • Several projects mixed together in one set of books
  • No clear view of spending against budget until it’s too late
  • Project costs expensed instead of capitalized
  • Draw requests delayed because the numbers aren’t ready
  • Investors asking questions the books can’t answer
  • Contractor payments not tracked for 1099s

When should a developer get help?

  • You’re starting a new project or forming a new LLC
  • You’re applying for or drawing on a construction loan
  • You’ve brought in investors or partners
  • A project is closing and you need to settle up with partners
Let’s talk numbers.

Book a free Zoom consultation and we’ll look at where your business stands and what would help most.

1122 Ave J
Second floor
Brooklyn, NY 11230
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