Capitalization vs. expense decisions
Soft costs, carrying interest, and pre-development spend all have different treatments. We apply a consistent capitalization policy so basis is defensible at exit.
Redmond, WA · King County
Development accounting spans years, entities, and capital sources. We keep the project ledger, the entity books, and the investor reporting aligned so a capital call or a refinance never turns into a two-week reconstruction project.
From downtown Redmond redevelopment to Education Hill remodels and Overlake infill, Redmond builders need accounting that matches fast project turns and multi-city job sites. We run the monthly cycle so you can bid the next job.
We're a Washington-based accounting team specialized in construction and real estate. That means we already know how King County permitting timelines, WA B&O classifications, and local sales tax rates hit the books of real estate developers — no ramp-up period, no explaining your industry to a generalist.
Soft costs, carrying interest, and pre-development spend all have different treatments. We apply a consistent capitalization policy so basis is defensible at exit.
Rebuilding a distribution waterfall in a spreadsheet each quarter is where errors get introduced. We standardize the reporting package so it's a repeatable close step.
Holding company, dev entity, property LLCs, and a management co — each needs its own clean books plus a consolidated roll-up.
Monthly accounting starts at $750/month. Every engagement below is handled remotely by default, with in-person meetings available across the Puget Sound.
We work with real estate developers on projects throughout the Redmond area, including:
Yes — standardized quarterly packages with project cost-to-date, budget variance, and entity financials. Capital account and waterfall mechanics come from your operating agreement.
Yes. Once units stabilize we shift the entity onto operating-property reporting — rent roll tie-out, CAM, and NOI.
Most of our work is remote, but we're based in the Puget Sound and regularly meet Redmond-area clients in person when it helps — onboarding, year-end review, or a lender meeting.
Capitalization policy, project cost ledgers, construction draw reconciliation, multi-entity books, and investor reporting — how we run development accounting end to end.
Read the real estate development accounting guideGuides & explainers
Practical walkthroughs on job costing, sales tax, and payroll for construction and real estate businesses in King County.
Book a consultation — we'll review your current books and map out what monthly accounting would cover.
Get in touch
Tell us a little about your business and we'll follow up to schedule a call — usually same day.
Prefer to reach out directly? We answer most inquiries within a few hours during business days.
Email us
Info@readyaccounting.coCall us
(253) 367-3672