Real Estate Developer Accounting Services in Texas
Devine Consulting LLC is a Sugar Land, Texas outsourced accounting firm founded in 2011 by Jennifer Devine, CPA. Devine provides accounting services for Texas real estate developers including draw management, WIP reporting, month-end close, year-end close, 1099s, financial planning and Sage Intacct implementation for multi-entity portfolios.
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Our real estate and construction clients have been working with us for nine or more years and we’re proud to have a 5.0 Google rating across our reviews.
What Devine Consulting’s Real Estate Developer Accounting Services Cover in Texas
To make wise decisions, real estate agents typically require timely and correct information. For real estate developers, owners, and investors, Devine Consulting offers specialized outsourced accounting services with an emphasis on construction draw management and property accounting.
Our team leverages their knowledge and experience to simplify financial transactions and reports, allowing companies to focus on their next development project.
How Devine Consulting Uses Sage Intacct to Automate and Streamline Developer Accounting
Real estate developers who utilize traditional bookkeeping methods are at a competitive disadvantage because they lack the real-time insight to make educated decisions. Devine Consulting understands the value technology can have on accounting processes and offers Sage Intacct solutions that automate financial management for real estate development companies. Devine Consulting is a certified Sage Intacct partner that has supported multiple real estate clients through a full Sage Intacct implementation, even through multi-entity consolidation setups. Our certified experts work with clients to implement and manage their cloud-based software and optimize their financial planning by streamlining accounting tasks and customizing reports.
Sage Intacct Streamlines Cash Management and Multi-Entity Consolidation for Developers
Processes like cash management and consolidation are centralized across all properties and businesses in the program. This increases accuracy and efficiency by offering data and insight in real time.
Personalized Real Estate Reporting Dashboards for Portfolios and Individual Properties
Our staff may design operational dashboards and real estate reports specifically for their company. This offers information to pinpoint problems and prospects at specific properties or throughout the portfolio.
The Reasons Texas Real Estate Developers Prefer Outsourced Accounting over Internal Teams
It truly takes a lot of time and effort to manage a real estate company’s daily finances. Real estate investors can benefit from using an outsourced supplier in the following ways:
- More time to evaluate and acquire new development opportunities
- Accurate draw management and WIP reporting across all active projects
- Accounting infrastructure that scales with your portfolio, from single-property to multi-entity
Why Texas Real Estate Developers Choose Outsourced Accounting Over In-House Teams
Managing the day-to-day finances of a real estate company is time-consuming and tedious. Working with an outsourced provider allows the following advantages to real estate investors:
- Increased focus on their core business
- Improved accuracy of financial statements and reports
- Scalable solutions that grow with their needs
Outsourced Accounting Services Tailored to the Unique Needs of Real Estate Development Companies
Real estate firms can find possible projects and make better decisions about their business by keeping thorough records of all financial transactions and correctly evaluating data and trends. The accounting staff at Devine works together with our clients to comprehend their objectives and present financial situation before assisting them in expanding their business using the following solutions:
- Financial planning and analysis: forward-looking projections tied to your development pipeline and acquisition targets
- Financial controller services: oversight of financial reporting accuracy, cash flow management, and lender package preparation
- Bookkeeping: day-to-day transaction recording, bank reconciliations, and accounts payable and receivable management
- Month-end reporting: P&L statements, balance sheets, and property-level reports delivered on a consistent schedule
- Draw management: processing and tracking construction draw requests so funding stays aligned with project progress
- Work-in-progress (WIP) reporting: tracking costs incurred, percentage of completion, and overbilled or underbilled status across all active development projects
- Budgeting: development-level and portfolio-level budget creation, variance tracking, and reforecast reporting
- Year-end closing: full close process including depreciation schedules, accruals, and preparation for your tax accountant
- 1099 review and filings: vendor payment review and 1099 preparation for all contractors and vendors paid during the year
What Our Clients Are Saying…
Why Businesses Choose Devine Consulting for Outsourced Bookkeeping and Reporting
WHY OUTSOURCEEach Devine Consulting real estate client is assigned a dedicated manager, accountant, and bookkeeper from day one. Development projects don’t just close on the last day of the month. A draw request will go out when your contractor completes a milestone on the project. A lender then wants a reporting package the moment they ask for one. WIP reconciliations track project completion, not calendar dates, so when one is completed, you will want your accounting in line. Devine Consulting is built to handle that kind of irregular, project-driven workload across every entity in your portfolio. Having the three specialists coordinating on your one account means those demands can be handled without disrupting your bookkeeping cycle.
Devine Consulting Gives Real Estate Developers the Financial Data They Need to Scale
Our real estate development accounting services provide the meticulous records you need to grow your business. Contact us today to build your Devine partnership.
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Frequently Asked Questions About Real Estate Developer Accounting Services
What accounting software does Devine Consulting use for real estate developers?
For clients who are real estate developers, Devine Consulting mainly uses Sage Intacct. Multi-entity consolidation, construction sketch tracking, project-level reporting, and custom dashboards made especially for development portfolios are all supported by Sage Intacct. As a qualified Sage Intacct partner, Devine Consulting can handle all software administration, user setup, and continuous configuration, relieving clients of the burden of platform management.
What is draw management and why does it matter for real estate developers?
Draw management involves the submission, monitoring and reconciliation of draw requests to a construction lender throughout the development project. Lenders will release the funds in stages, based on construction milestones. Each draw request must be accompanied by documentation proving costs to date. Devine Consulting manages this process for our real estate developer clients to ensure draw requests are accurate, submitted on time and reconciled to your project budget so funding stays in sync with actual progress.
Can Devine Consulting handle accounting for multiple entities or development projects at once?
Yes. Devine Consulting leverages Sage Intacct’s multi-entity consolidation capabilities to manage accounting for multiple LLCs, partnerships or development projects within one portfolio. Each entity has its own books and reporting and the consolidated financial statements give you a portfolio wide view. This is a common format for Texas real estate developers who own property through separate entities for liability or financing purposes.
Can Devine Consulting do my taxes?
Devine Consulting does not offer Tax Preparation or Tax Filing services. The team prepares and maintains your books throughout the year so they are clean, accurate and ready for your tax accountant at year end. This includes 1099 review & filings, year end closing entries and deprecation schedules.
How much do real estate developer accounting services cost?
We offer tiered pricing based on the number of entities, transaction volume and services that are included in your engagement. Devine Consulting is usually engaged by real estate developer clients for a combination of bookkeeping, draw management, WIP reporting, and controller oversight. Just give us a call at 281-545-4000 and we’ll set up a consultation and provide you with a scope and pricing for your portfolio.