Entity-level accounting
Each LLC on its own set of books, consolidated when needed.
Real Estate Developers · Seattle & Tacoma
Entity-level and investor-ready accounting for real estate developers
Developers run multiple entities, projects, and capital stacks at once — one LLC per project is common, and each carries its own lender, investors, and cost basis. We keep each project and entity clean so lenders, LPs, and your CPA are always working from the same numbers, and quarterly investor updates take an hour instead of a week.
Why real estate developers accounting is different
Developer accounting is entity accounting first, project accounting second, and both have to serve investors, lenders, and the CPA simultaneously. A single project might have a Class A LP, a Class B GP, a construction lender, a mezz lender, and a state tax credit — each with its own reporting cadence and its own definition of 'return.' Generic bookkeepers pick one and let the others fall behind. We keep every stakeholder's view accurate from the same underlying ledger.
Our real estate developers accounting workflows are built on the principles taught by IncomeDigs. You can visit their website or watch their trainings on YouTube.
What we hear from real estate developers
- "Multiple LLCs sharing one messy set of books"
- "Construction draws not tying back to job costs"
- "Investor distributions and capital calls hard to reconcile"
- "Land, soft, and hard costs blended together on the balance sheet"
What we handle for real estate developers
Fluent in QuickBooks Online, Buildertrend, Jobtread.
Project cost tracking
Land, soft costs, and hard costs tracked separately on the balance sheet.
Draw reconciliation
Construction draws tied to job costs for lender-ready reporting.
Investor reporting support
Capital, distributions, and preferred returns tracked per investor.
Numbers we track for real estate developers
Every monthly report includes the metrics that actually drive decisions in your business:
- Project-level IRR and equity multiple (projected vs. actual)
- Land + soft + hard cost basis per project
- Draw funded vs. draw requested (with hold-backs)
- Investor capital account balance by class
- Preferred return accrued vs. paid
Washington-specific for real estate developers
Washington developers deal with REET at every sale (tiered 1.28%-3% + local add-ons), B&O on construction receipts before the sale closes, and municipal impact fees that vary wildly by jurisdiction — Seattle's MHA, Tacoma's TIF, Bellevue's transportation impact fees, etc. We coordinate with your CPA on capitalized-vs-expensed treatment for each fee type so basis is right at sale and tax exposure is minimized.
Common bookkeeping mistakes in real estate developers
We see these on almost every set of books we clean up. Fixing them is usually step one of onboarding.
- Running multiple LLCs through one operating account — a piercing-the-veil risk and a nightmare for investor accounting
- Expensing capitalized interest during construction — understates basis and overstates operating losses
- Not accruing preferred returns as they're earned — creates ugly surprises at waterfall time
Real Estate Developers accounting — frequently asked questions
What Our Clients Say
74 five-star reviews from construction and real estate businesses across Washington
"Ruvim and his team have been great to work with. They're reliable, responsive, and provide accurate bookkeeping and payroll support. We appreciate their attention to detail and the outstanding work they do!"
"I worked with Ruvim and Ready Accounting for over two years and had a great experience. Ruvim is extremely responsible, reliable, and always on top of things. He built a great system that made reconciling all of our company accounts simple and organized, kept our filings on time, and helped us manage ACH payments to our trade partners smoothly. Ruvim is knowledgeable, responsive, and someone you can trust with the financial side of your business. Highly recommend Ready Accounting to any company looking for dependable and professional accounting support."
"Working with Ready Accounting has been smooth and stress-free. Ruvim is knowledgeable, responsive, and truly cares about your success. Highly recommend!"
"Ruvim is the best bookkeeper there is period. We have used several bookkeepers in the past but no one matched his level. I highly recommend using him."
"We have been with ready accounting for about half a year or so and let me say it's been amazing! Upon opening a business and hiring employees, there was so much things needed to be done where I had absolutely no clue how to do! A friend of mine recommended ready accounting and honestly never looked back! He does an amazing job and best of all, I don't have to do a thing! Thanks ready accounting for being trustworthy and amazing!"
"Ruvim is very organized, thorough and knowledgeable. Excellent communication skills, timely and cares about his clients and their business operations. Highly recommend!"
"Ruvim is an incredibly knowledgeable individual who consistently demonstrates responsiveness and helpfulness. Whenever I have questions, he promptly provides accurate answers, making him an invaluable resource for my business. His understanding of my business accounting needs is unparalleled, and he consistently delivers exceptional results. I wholeheartedly recommend him to anyone seeking reliable expertise and support."
5.0 rating from 74 Google reviews
Want the story behind the stars? Read real client case studies — including a Bellevue remodeler and a Tacoma developer.
Book a call with Ruvim
Tell us about your real estate developers business — we'll follow up to schedule a call, usually the 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