Real Estate Development Accounting
Providing simple solutions in a complex industry
In this intricate sales industry, differences in profit margins can be in the millions, making accurate accounting and financial planning extremely important. Whether you are developing a tract of land into commercial office park or are planning a multi-phase residential subdivision, the issues remain the same—job costing, sales allocation, and purchasing. Let Baldwin Accounting develop an integrated system that allows you to track these crucial elements, while it shows you just how profitable your developments will be.
Accurate job costing and cost allocation
When developing several projects of land at the same time, you must decide how to allocate the overall costs for the entire group individual lots. You also need to allocate the costs of amenities, such as clubhouses, pools and other recreational features, and you must know how to set up and track homeowners associations. Tracking materials is also vital. When using the completed contract method, you have specific requirements on how to track to the cost of each house—so that you can profit on each home. With Baldwin Accounting you’ll have the all tracking information you need, at your fingertips.
Purchasing for profitability
With Baldwin Accounting, you’ll be able to determine the best ways to finance your purchases and how to examine the cost of money over time. And through our system you’ll enjoy forecasting projections that ensure your projects will be profitable.