Get Real Estate Development Accounting Solutions With Vertex Accounting
As experts in real estate accounting, Vertex Accounting helps provide real estate developers with world-class monthly bookkeeping services.
Whether you are developing 1,000 residential units or 5 million commercial square feet, our real estate development accounting services provide you with accurate, audit-ready financial statements every month.
Book your consultation
Takes about a minute. No obligation.
1,000+Residential Units
5MCommercial Sq. Ft.
230+Property Accountants
We work with the software & tools you already use
Why Top Real Estate Professionals Choose Vertex Accounting
CPAs Who Have Closed a Draw Before
Experts in Accounting For Real Estate Developers
Our team of CPA's & accountants have years of real estate development accounting experience. Focus on developing more properties, we'll handle the monthly accounting.
Dedicated resources
Prompt communication, proactive advice, audit-ready financial statements. We are your accounting partner here to help you scale.
Accurate financials
Accurately categorized transactions and reconciled bank accounts every single month. We are here to help accurately complete your real estate development financials.
Why Vertex Accounting for Developers
CPAs Who Have Closed a Draw Before
Development accounting is judged by whether the financial statements survive being audited, which is a higher bar than accurate categorisation. Whether the project is a thousand residential units or five million commercial square feet, the monthly output is audit-ready statements, not a reconciliation somebody else has to clean up first.
Our team has spent years in real estate development accounting specifically, and that shows up in what we ask for before you have to think to offer it. Prompt communication, proactive advice, and accurately categorised transactions with reconciled bank accounts every single month, so the next development is the thing occupying you.
Audit-ready every month
Not accurate-ish, then cleaned up later.
230+ property accountants
Coverage when someone is out, a specialist to escalate to.
Development experience specifically
Draws and capital stacks are not new to us.
Real Estate Development Accounting from Vertex Accounting
Done Inside the Platform You Already Run
Trust Bookkeeping
Leverage your software's powerful bookkeeping capabilities with Vertex Accounting's tailored service.
See how it worksCorporate Bookkeeping
Vertex Accounting's skilled team, in combination with your software's comprehensive toolset, addresses the complexity of your corporate financial activities.
Bank Reconciliations
Employing your software's state-of-the-art system, Vertex Accounting offers bank reconciliation services that brings meticulous accuracy to your finances.
See how it worksFinancial Diagnostic Cleanup
Vertex Accounting utilizes your software's advanced diagnostic tools to swiftly and effectively troubleshoot financial anomalies.
See how it worksTrust Compliance
Vertex Accounting pairs its accounting prowess with your software's detailed reporting to deliver comprehensive Trust Compliance Verification services.
See how it worksThe Full Scope
- AppFolio, Yardi, Buildium, and more
- Accounts Payable & Receivable
- Monthly Owner Statements
- Catch-up Bookkeeping
- Accurate NOI, Balance Sheets
- + 4 more below
- AppFolio, Yardi, Buildium, and more
- Accounts Payable & Receivable
- Monthly Owner Statements
- Catch-up Bookkeeping
- Accurate NOI, Balance Sheets
- Recording HUD's & Accruals
- Bank Reconciliations
- Owner Draws & Management Fees
- Corporate Accounting
Also available on its own
- Accounts Payable & ReceivableVendor invoices coded and paid, tenant receipts applied, management fees taken, and owner distributions cut on time.
- CAM ReconciliationCommon area maintenance pools built from the lease terms, reconciled against actuals, and billed or credited with a defensible tenant statement.
The Project Is the Unit of Account, Not the Month
Why Development Accounting Runs on a Different Clock
An operating property produces a monthly P&L. A development produces almost nothing for two years and then produces everything at once. In between, the only questions that matter are what got capitalized, what the lender will fund, and whether the project is still going to pencil.
What makes it different
Every dollar has a project to belong to
Development accounting has a natural structure: the project. Costs code to a budget line, the budget rolls to a pro forma, and variance against that budget is the single most useful number in the business. When the cost structure is set up correctly at the start, reporting is genuinely straightforward.
Where it goes wrong
Capitalize versus expense, decided a thousand times
Soft costs, carrying interest, property taxes during construction, internal labour, pre-development spend on a deal that later dies. Each one is a capitalize-or-expense call, and getting them wrong distorts basis, depreciation, and the eventual gain. Add draws recorded as income rather than a loan advance, and retainage held but never accrued, and the balance sheet stops describing the project.
How we work it
We keep the books lender-ready between draws
We maintain the cost structure against the approved budget, treat draws as what they are, accrue retainage, and hold the capitalization policy consistently across projects. The practical test is whether your next draw package can be assembled from the books rather than reconstructed for the occasion.
Developers Accounting, Platform by Platform
We Play the Software You Bring
The accounting problem changes with the platform underneath it. Each page below is the specific version of developers bookkeeping for that system.
- AppFolioDraws and soft costs coded like rental income
- BuildiumDraws and capitalized costs default to income
- EntrataLease-up activity posts as operating income
- QuickBooksCapitalize-or-expense calls made one bill at a time
- Rent ManagerDraws and capitalized costs booked like rental income
- YardiJob costs post as expense, not asset
- MRINo shared close date between job cost and leasing
- RealPageConstruction draws and costs default to operating accounts
How Our Real Estate Development Accounting Services Work
Review, Close, Distribute
- 1
We review your property financials
Upon receiving Accountant access to your accounting software, we will begin by getting a complete understanding of your business and what the current issues are. We'll make sure the account is setup correctly, complete any necessary catch-up bookkeeping, and audit tenant/owner statements to ensure accuracy.
- 2
We complete your monthly bookkeeping
Once your financials are accurate for your business, we start our monthly property management bookkeeping and reconciliation work on the current transactions. We will create a finance calendar specific to your business, streamline accounts payable processes, categorize each transaction, and make sure every bank account is reconciled each month.
- 3
We send distributions and reports
Audit ready financials statements and monthly reporting lets you easily stay on top of your company financials and ensures all Trust account laws are strictly followed. If you need help with distributions, we can prepare owner and management distributions on a monthly basis. Never leave your LP's or owners in the dark again.
The Construction Stack We Work In
Procore, Buildertrend, Premier, Sage and Northspyre
Check Out What Our Clients Have To Say About Us
“Following a series of erroneous financials from my previous bookkeeper, who lacked expertise in real estate, it's been truly remarkable to receive not only accurate financials on a consistent basis but also proactive advice without prompting. The Vertex Accounting team is a game-changer in real estate accounting!”
Sara Crosby
Real Estate Investor
“As Vertex Accounting exclusively specializes in Real Estate, I rest easy knowing my financials are precise every month while saving money at the same time, an invaluable benefit.”
Steve Wilko
Owner Operator
“I highly recommend Vertex Accounting services from this group. They truly are great and have helped us tremendously at a time we needed it the most. I felt very comfortable giving up all my accounting responsibilities to this team and I'm still glad I made the decision to work with this group. Nothing less than an amazing experience!”
Tracy Collins
Property Manager
“Vertex Accounting and team have been nothing but excellent helping our firm with its day to day financial needs. Their expertise, professionalism, and timeliness have made our lives so much easier. We foresee a long relationship with Vertex Accounting and team.”
Brian Cook
Owner Operator
“Real Estate Accounting truly is a special company. They helped as if they were a part of our company, with the concern and caution as an employee would have, but even more. They quickly ascertained our needs and developed an effective team to help with our accounting needs. They were extremely responsive and always accurate. I would recommend their services to anyone who needs help with their property management accounting.”
Kelly Stanaway
Property Manager
“Adam the owner took a personal interest in my situation and was willing to work with me to see if his company was a good fit. I may be too small for them but I would highly recommend them to anyone considering a bookkeeper for their property management business.”
Trevor Smith
Property Manager
Frequently Asked Questions
Ready for Development Books That Hold Up at the Next Draw?
Schedule a call with our team to learn how Vertex Accounting handles project cost structures, capitalization, draws, and retainage for real estate developers.
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