Real estate businesses often need accounting organised around projects, properties, customers, contractors, lenders, collections and development costs. CorporateWalla can support developers, property businesses, landlords and related real estate entities with bookkeeping, reconciliations, project-wise reporting, collections/payables tracking, financial reporting and management MIS based on the available records and engagement scope.
Real estate accounting involves recording and reporting transactions related to property acquisition, development, construction, sales, rentals, financing and operating costs, depending on the business model. Project-wise reporting may require separate tracking of land, construction costs, professional fees, financing costs, customer collections and other project-specific transactions.
The accounting treatment depends on the nature of the transaction and applicable accounting framework; it should not be assumed that every property-related cost is treated identically.
Depending on scope:
Where appropriate, accounting can be structured by:
Project structures should be designed consistently with the accounting system and reporting objective. See also project accounting.
Reporting may track:
The accounting classification of a particular cost depends on the facts and applicable accounting framework.
Possible reporting includes:
Customer accounting should be reconciled to relevant agreements, invoices and receipts where applicable.
Support may include:
Developers carrying out construction work may also need construction accounting for work orders, subcontractors and site costs.
For rental/property-holding businesses, reporting may include:
The accounting treatment of deposits and expenses depends on the relevant facts and accounting framework.
A management reporting pack may include:
| Report | Purpose |
|---|---|
| Project P&L | Review project-level financial performance |
| Project cost summary | Track recorded project costs |
| Collections report | Monitor customer receipts |
| Receivables ageing | Review outstanding balances |
| Payables ageing | Monitor supplier/contractor dues |
| Cash-flow report | Review cash movements |
| Budget vs Actual | Compare planned and recorded costs |
| Property-wise P&L | Analyse property-level performance |
| Project-wise balance summary | Review financial position by project |
Reports should be based on clearly defined data sources and allocation methods. See also MIS reporting.
Potential focus:
Potential focus:
Potential focus:
Potential focus:
The accounting treatment and reporting requirements differ between these models.
Accounting records may support tax and GST compliance, but accounting and tax filing are separate services unless specifically included.
Depending on the business, records may need to support:
Tax treatment of real estate transactions can depend on transaction type, timing, property characteristics and applicable law, so there is no universal treatment for all real estate transactions.
Related services: GST registration, GST return filing, GST reconciliation and ITR filing.
Potential systems include:
Specific software integrations and automation should be technically verified before they are relied on.
Businesses may face:
A difference or old balance should be investigated against supporting records before an adjustment is made.
Pick the speed and depth that matches your need. Same quality, same CA team — only the timeline changes.
Timeline: Quoted on transaction volume and properties
Timeline: Quoted on projects, customers and contractors
Timeline: Quoted on entities, projects and system complexity
Every price above is a professional fee, excluding GST and government charges. 50% on delivery.
Real estate accounting is quoted on scope. Pricing depends on the number of entities, projects and properties, transaction volume, number of bank accounts, customer/vendor volume, accounting-system complexity, historical cleanup, reporting frequency and project MIS requirements.
Identify entities, projects, properties, phases and revenue models.
Review the chart of accounts, ledgers, bank accounts and accounting software.
Set up project, property or cost-centre structures where appropriate.
Identify land, construction, contractor, professional, financing, sales and operating transactions.
Reconcile banks, customers, vendors and relevant project schedules.
Complete agreed accounting and reconciliation procedures.
Generate project-wise and management reports.
Highlight unusual balances, unreconciled items or material movements requiring management attention.
Tell us your requirement, a CA will call you in 30 minutes.
Accounts organised by project, property, phase, location, entity or cost centre, consistent with your accounting system.
Customer ledgers reconciled with bank receipts, and contractor ledgers, advances and payables tracked.
Land, construction, professional, statutory and finance-related costs recorded against the right project.
Project P&L, cost summaries, collections, ageing and budget vs actual reports from clearly defined data sources.
From ₹4,999 • Monthly
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From ₹2,499 • Monthly
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Custom quote • Monthly
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Custom quote • Scope-based
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From ₹9,999 • Monthly
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From ₹7,999 • After assessment
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From ₹7,999 • Scope-dependent
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From ₹49,999 • Minimum 6 months
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