Bookkeeping for real estate developers
Development money moves in layers: land, soft costs, hard costs, draws and equity all touch the same bank accounts while belonging to different projects. When project costs blend together, no single deal's true cost is knowable until it is too late. Mispar keeps each project's ledger distinct from land through disposition. Plans start at $229/mo.
Best for: Small and mid-size developers running one to several active projects, build-to-sell or build-to-rent, who need per-project cost visibility their lender and investors can rely on.
Separated
Projects
Matched
Draws
Tracked
Soft costs
Recorded
Equity
How Mispar keeps your development books clean
Industry-specific accounts and categorization, with the reporting scope agreed before work starts.
Per-project job costing
Every land purchase, invoice and draw is coded to its project, so budget versus actual is reviewable per deal at any point in the build.
Construction draws
Track each draw against the lender's schedule and the work it funded, so draw requests are supported by records instead of assembled under deadline.
Construction loan interest
Record interest reserves and lender fees per project under the policy agreed with your CPA, keeping financing costs visible inside each deal's true cost.
Soft costs
Architecture, engineering, permits, legal and impact fees are tracked on their own lines per project, so pre-construction spend is never absorbed silently into overhead.
Investor equity and contributions
Record each investor's contributions and distributions per project under the agreed structure, with a clean trail for reporting.
Sales and disposition proceeds
Match closing statements to the project ledger at sale, so each deal's real margin is known when it closes, not estimated later.
A simple, predictable process
From kickoff to your first clean close, here is exactly what happens.
Review your project records
We start from what exists: draw schedules, lender statements, invoices, closing documents and bank feeds.
Map projects and cost codes
Each project gets its agreed cost structure, aligned with your lender's draw categories where needed.
Reconcile draws and costs monthly
Invoices, draws and loan activity are reconciled per project each month, with exceptions listed.
Close the month
Monthly statements per project plus the consolidated view agreed for your company.
Illustrative example
Two projects share one operating account and one credit card. After costs are coded per project, the townhouse build shows a finishing overrun in time to adjust, while the duplex stays on budget. The draw request to the lender goes out with records that already match the schedule. This is an illustration of the method, not a customer case or a guarantee.
Real Estate Developers bookkeeping — your questions
How do you track costs across multiple active projects?
Each project gets its own cost coding in the ledger, so every invoice, draw and payment attaches to one deal. Shared expenses are allocated under the policy we agree with you and your CPA.
Can your records support lender draw requests?
Yes. Costs are recorded against the same categories your draw schedule uses, so each request is backed by the ledger rather than rebuilt from invoices at request time.
How is construction loan interest handled?
Interest reserves, draw interest and lender fees are recorded per project under the capitalization policy your CPA sets, so financing cost lands inside the deal it belongs to.
What changes when a project sells?
The closing statement is matched against the project's cost ledger, which produces the deal's true margin at sale and keeps proceeds from blending into operating cash.
Does the $229 starting plan cover my projects?
The final plan and scope depend on project count, entities and accounts. We agree that scope before starting; catch-up work is discussed separately.
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