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Real Estate Accounting

Financial planning, reporting and accounting tuned to the dynamics of real estate.

A project accountant reviewing a construction draw package in a site office

Service

Financial Insight for Real Estate Businesses

Real estate has its own financial dynamics. Development and construction, sales transactions and property management each generate their own accounting, and each needs reporting that reflects how the business really works.

Our real estate accounting draws on experience in development and construction, sales transactions, and property management accounting and financial reporting. We work through your financial details and align them with your broader business objectives, from the precision of accounts payable to the reports owners and investors rely on.

The aim is financial information that arrives while it can still shape decisions, not a historical record read after the moment has passed. Our role goes beyond traditional accounting. We work as a partner in the growth of your business.

What We Do

Real Estate Accounting Services

Books & Financial Statements

Setup, review and streamlining of your books and financial statements, including cleanup where records have fallen out of order. For QuickBooks files, see our QuickBooks setup, cleanup and optimization page.

Property Management Accounting

Property management accounting and reporting, account reconciliations, and CAM (common area maintenance) and RET (real estate tax) true-ups and reconciliations.

Development & Construction

Construction draw management, cost segregation and job costing, so each project's costs are tracked and funded against its budget.

Closing & Compliance Reporting

Month-end closing and reporting, year-end closing, debt compliance reporting and external audit support, so each period closes on figures lenders and auditors can rely on.

Owner & Investor Reporting

Investor reporting and other custom management reports and analyses, together with cash calls and owner distributions, and acquisition and disposition accounting.

Cash Management & Planning

Cash management and treasury, with budgeting and forecasting that set out what each property or project needs and when it will need it.

Bookkeeping, Payroll & Tax

Bookkeeping and payroll processing, year-end W-2 and 1099 preparation, and income tax preparation and support.

Controller, CFO & Advisory Support

Fractional controller and CFO services, management advisory services, process and workflow optimization and automation, system conversion and implementation, and staff training with assistance hiring qualified candidates.

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How We Work

How a Real Estate Engagement Runs

  1. Learn the Portfolio

    We learn your properties, projects and business objectives, and how your financial information flows today.

  2. Set Up & Clean Up

    We set up, review and streamline the books and financial statements, correcting what needs correcting.

  3. Run the Cycle

    We handle the recurring work: payables, reconciliations, draws, month-end closing and reporting.

  4. Report & Advise

    We deliver owner, investor and management reports, and advise on the decisions they inform.

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Why Corvinus

Why Corvinus Business Solutions

Real Estate Background

Experience in real estate asset management and vendor coordination, and in development and construction, sales transactions and property management accounting.

CPA & Controller Experience

Corvinus is led by its owner, a CPA whose background includes Financial Controller and Director of Financial Reporting experience.

Fluent in Real Estate Software

Well versed in real estate accounting applications including QuickBooks, Yardi, MRI, PeopleSoft and Sage, with QuickBooks ProAdvisor experience and staff training.

Customized & Scalable

Solutions customized to your needs and scaled to your portfolio, whether your needs are modest or complex.

FAQ

Frequently Asked Questions

Our real estate accounting draws on experience across development and construction, sales transactions, and property management accounting and financial reporting. That covers owners and managers of properties, developers running construction projects, and businesses whose owners and investors expect regular reporting. Needs range from straightforward accounting to complex financial arrangements, and the work is customized to fit, whether you need a single service such as reconciliations or a full accounting function including controller support.

We are well versed in many real estate accounting applications, including QuickBooks, Yardi, MRI, PeopleSoft and Sage. That means we can work in many of the systems real estate businesses already use. Where a change is the right answer, system conversion and implementation are part of what we offer. For QuickBooks users, we bring QuickBooks ProAdvisor experience and can train your team to make the most of the software's capabilities.

Yes. Construction draw management, cost segregation and job costing are part of our real estate accounting services. Draw management keeps project funding tied to documented progress and costs. Job costing tracks what each project actually costs against its budget. Cost segregation breaks those costs into their components. Together they give developers and owners a clear, current view of each project's finances, which supports better decisions while the project is still under way.

CAM stands for common area maintenance and RET for real estate taxes. In many commercial leases, tenants pay estimated shares of these costs during the year, and the estimates are later compared with actual costs and settled, a process called a true-up or reconciliation. We handle CAM and RET true-ups and reconciliations as part of our property management accounting and reporting, alongside the account reconciliations that keep a property's books in order.

Yes. We provide investor reporting and other custom management reports and analyses, designed around what your owners and investors need to see. We also handle cash calls and owner distributions, and acquisition and disposition accounting when properties are bought or sold. Clear, consistent reporting helps owners and investors understand how each property or project is performing and supports the trust a real estate business depends on.

Yes. We offer fractional controller and CFO services, drawing on Certified Public Accountant, Financial Controller and Director of Financial Reporting experience. That gives a real estate business senior financial oversight without a full-time hire. The role can include month-end and year-end closing, debt compliance reporting, cash management and treasury, budgeting and forecasting, external audit support and management advisory services, scoped to what your business needs.

Yes. We provide external audit support and debt compliance reporting. Audit support means having the records, reconciliations and documentation an auditor needs in order and available. Debt compliance reporting means preparing the reports lenders require under the terms of their financing. Both depend on accurate month-end and year-end closing, which is part of the same service. When the closing is done well, audit requests and lender reports draw on figures that have already been reconciled and reviewed.

Yes. Our real estate services include bookkeeping and payroll processing, year-end W-2 and 1099 preparation, and income tax preparation and support. Having these handled alongside property and project accounting keeps the figures consistent across the business, so payroll costs, tax figures and property results all come from the same set of books. It also means one party understands how each piece affects the others, which matters most at year-end. For more on each, see our payroll services and tax services pages.

Our real estate asset support covers property management oversight, vendor coordination, financial analysis and documentation. It draws on experience in real estate asset management and in managing vendors, documentation and operational workflows in regulated environments. Vendor coordination keeps the contractors and service providers a property depends on working from the same information. This work pairs naturally with property management accounting, so the financial and operational sides of a property are handled together.

Start by requesting a consultation. Tell us about your properties or projects, the software you use and the accounting and reporting you need. From there we agree the scope of the work, whether that is a cleanup, a single recurring service or a broader role such as fractional controller support. You can also reach us through our contact page with any questions before you decide.

Have a question we did not cover? Contact us.

Put Your Real Estate Finances to Work

Tell us about your properties, your projects and the reporting you need.

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