REA.co Real Estate Accounting & Tax

Outsourced Northspyre Accounting For Real Estate Developers

REA provides outsourced bookkeeping and accounting to real estate developers and owner-builders who run project costs through Northspyre. We work directly inside your Northspyre instance to reconcile committed costs, vendor invoices, and draws against your corporate general ledger, project by project, entity by entity.

Northspyre tracks the development budget. It does not touch your corporate books, your capital stack, or your investor distributions. Too often the numbers in Northspyre and the numbers your lender or your equity partners see are built by two different teams on two different timelines, and they drift apart.

We tie Northspyre's budget, forecast, and vendor invoice data to your accounting system through its native integrations, then reconcile hard costs, soft costs, and contingency against each draw request. Every draw package we build ties back to Northspyre's committed cost detail and to your entity-level financials, so your bank, your equity partners, and your CPA are reading the same numbers.

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We tie Northspyre's budget, forecast, and vendor invoice data to your accounting system through its native integrations, then reconcile hard costs, soft costs, and contingency against each draw request. Every draw package we build ties back to Northspyre's committed cost detail and to your entity-level financials, so your bank, your equity partners, and your CPA are reading the same numbers.

230+Property Accountants

GAAPAligned WIP Schedules

MonthlyLender-Ready Packages

Why Top Construction Professionals Choose REA

Northspyre, Run By People Who Already Run It

Northspyre Experts

We work inside Northspyre's Deal, Development, and Analytics modules every week, not just at tax time. We know how its committed cost tracking and draw workflows map to real project financials.

Assigned Resources

Your Northspyre projects get a dedicated accounting team that learns your capital stack and your reporting cadence. The same two or three people reconcile every draw and every entity, month after month, not a different preparer each cycle.

Accurate Financials

We close the gap between what Northspyre shows and what your general ledger records, so hard costs, soft costs, and contingency are never a guess. Your lenders and investors get numbers that match, every time.

Northspyre Development Accounting Services from REA

Job-Level Work, Inside Your Own Instance

Draw Management & Draw Packages

We build lender-ready draw packages straight from Northspyre's committed cost and invoice data, so your construction draw management stays reconciled to your general ledger and your loan terms. Every draw ties to a specific budget line, so your bank sees exactly what it is funding.

Budget & Cost Forecast Reconciliation

We reconcile Northspyre's live budget and cost-to-complete forecasts against your corporate books each month. Variances get flagged and explained before they reach your investors.

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Vendor Invoice & AP Processing

We process vendor invoices captured in Northspyre and match them to committed costs and purchase orders. Payments post to the right project, the right cost code, and the right entity.

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Entity-Level & Project-Level Reporting

We produce financials at the entity level and the project level, pulling detail straight from Northspyre. Your equity partners see project performance without wading through consolidated statements.

Contingency & Capital Stack Tracking

We track contingency draw-down and tie it back to your capital stack, debt and equity, so you always know what is committed, what is spent, and what is left. Distributions get calculated against real numbers, not estimates.

The Full Scope

  • Catch-Up & Cleanup
  • Bank, Credit, & Funding Reconciliations
  • Job Costing & Cost-to-Complete Tracking
  • Corporate & Project-Level Bookkeeping
  • Accounts Payable & Subcontractor Management
  • + 4 more below

Northspyre Accounting & Bookkeeping Services Offered

  • Catch-Up & Cleanup
  • Bank, Credit, & Funding Reconciliations
  • Job Costing & Cost-to-Complete Tracking
  • Corporate & Project-Level Bookkeeping
  • Accounts Payable & Subcontractor Management
  • Accurate Financial Statements & KPI Reporting
  • Monthly WIP & Reporting Packages
  • Fixed Asset, Equipment & Depreciation Support
  • Construction Loan & Draw Management

Also available on its own

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Why Choose REA to Handle Your Northspyre Accounting?

Three Things Contractors Tell Us They Need

Construction accounting is not traditional bookkeeping. Job costing, retainage, WIP schedules and draw tracking all have to reflect how projects actually run, and Northspyre only helps if someone is running it properly.

What it does well

You need your Northspyre numbers and your general ledger to agree.

Your lenders and equity partners do not care which system produced a number, they care that it is correct. We reconcile Northspyre's committed costs and draws against your corporate books every month, not once a quarter.

Where it breaks

You need draw packages your bank approves without back-and-forth.

A draw request with unexplained variances slows funding and delays your schedule. We build draw packages that tie directly to Northspyre's cost detail, so your lender gets a clean, supportable request the first time.

How we work it

You need entity-level books that hold up to investor scrutiny.

Multiple entities, multiple capital stacks, and one messy chart of accounts is not a reporting package. We keep each project entity's books separate and accurate, so your investor reporting and your distributions are never in question.

How REA's Northspyre Process Works

Review the Setup, Then Own the Monthly Close

Start With a Call
  1. 1

    We review your Northspyre setup and your current books.

    We audit how your projects, cost codes, and entities are structured in Northspyre against your existing chart of accounts. We flag gaps before they become reconciliation problems.

  2. 2

    We connect Northspyre to your accounting system and take over the monthly close.

    We use Northspyre's native accounting integrations to sync cost data, invoices, and payments, then reconcile everything against your general ledger. Your monthly close becomes a scheduled process, not a scramble.

  3. 3

    We deliver draw packages, entity reporting, and investor-ready financials.

    Each month you get reconciled financials by project and by entity, along with draw packages built from Northspyre's live cost data. Your CPA, your lenders, and your equity partners all work from the same numbers.

What Each Service Actually Covers

Every function below is performed inside a Northspyre engagement, and each one can be scoped on its own if that is all you need.

Catch-Up & Cleanup
If your Northspyre cost data and your corporate books have drifted apart, we rebuild the reconciliation from the ground up. We bring committed costs, invoices, and draws back into agreement before we take over your monthly close.
Bank, Credit, & Funding Reconciliations
We reconcile construction loan draws, equity contributions, and operating accounts against your Northspyre cost detail. Every dollar funded is matched to a committed cost, so your capital stack stays accurate.
Job Costing & Cost-to-Complete Tracking
We track hard costs, soft costs, and cost-to-complete forecasts by project, reconciling Northspyre's budget data against actuals in your general ledger. You always know what a project will cost to finish, not just what it has cost so far.
Corporate & Project-Level Bookkeeping
We maintain your corporate entity books and each project entity's books in parallel, keeping them distinct and reconciled. Northspyre's project-level detail rolls up cleanly into your portfolio financials.
Accounts Payable & Subcontractor Management
We process vendor and subcontractor invoices captured in Northspyre, matching each one to a committed cost and a budget line before it is paid. Payables stay current and tied to the right project and entity.
Accurate Financial Statements & KPI Reporting
We produce financial statements and development KPIs pulled from reconciled Northspyre and general ledger data. You see budget variance, cost-to-complete, and margin by project, not just a trailing bank balance.
Monthly WIP & Reporting Packages
We build monthly work-in-progress and reporting packages that combine Northspyre's cost and forecast data with your corporate financials. Your lenders and investors receive one consistent package, not two competing sets of numbers.
Fixed Asset, Equipment & Depreciation Support
We track fixed assets and depreciation for owned equipment and completed project assets outside of Northspyre's cost tracking. Your balance sheet reflects what you actually hold, not just what a project spent.
Construction Loan & Draw Management
We handle construction loan draw accounting directly from Northspyre's committed cost and invoice data, matched against your loan terms. Draws go out accurate and on schedule, with full support for your lender's review.

You Get a Team With Names, Not a Ticket Queue

Who Actually Works On Your Northspyre Books

Outsourced accounting fails when nobody owns the account. At REA you are assigned a property accounting team and a client success lead who knows your portfolio, your owners, and your quirks. They stay on your account, so you are never re-explaining your chart of accounts to someone new.

Sharifa Giraldo, CPA, VP, Client Success at REA

Sharifa Giraldo, CPA

VP, Client Success

Residential Property Management

20+ years of property accounting, a CPA since 2015, and a specialist in third-party management and platform migrations.

Will Daege, VP, Client Success at REA

Will Daege

VP, Client Success

Commercial Property Management

25+ years across retail, office, industrial, and multifamily, including Portfolio Controller for The Related Companies' New York development portfolio.

How we work together

  • A named team, not a poolThe same property accountants close your books every month.
  • Reachable the way you already workEmail, phone, video, or Slack. Urgent items get answered the same day.
  • Inside your NorthspyreWe take accountant access to your instance, exactly as you would grant an internal hire.
  • 230+ property accountants behind themCoverage when someone is out, and a specialist to escalate to when a lease or a trust question gets strange.

Experts In All Property Types

Residential, commercial and everything in between. The asset class changes what the books have to prove, and our teams are staffed accordingly.

Check Out What Our Clients Have To Say About Us

Property Managers, Investors & Owner Operators

Client story

Came from a bookkeeper who did not know real estate

Following a series of erroneous financials from my previous bookkeeper, who lacked expertise in real estate, it's been truly remarkable to receive not only accurate financials on a consistent basis but also proactive advice without prompting. The REA team is a game-changer in real estate accounting!

SCSara CrosbyReal Estate Investor

Real-estate-only specialists

As REA exclusively specializes in Real Estate, I rest easy knowing my financials are precise every month while saving money at the same time, an invaluable benefit.

SWSteve WilkoOwner Operator

Handed over the whole accounting function

I highly recommend Real Estate Accounting (REA) services from this group. They truly are great and have helped us tremendously at a time we needed it the most. I felt very comfortable giving up all my accounting responsibilities to this team and I'm still glad I made the decision to work with this group. Nothing less than an amazing experience!

TCTracy CollinsProperty Manager

Day-to-day financial operations

REA and team have been nothing but excellent helping our firm with its day to day financial needs. Their expertise, professionalism, and timeliness have made our lives so much easier. We foresee a long relationship with REA and team.

BCBrian CookOwner Operator

Onboarding and responsiveness

Real Estate Accounting truly is a special company. They helped as if they were a part of our company, with the concern and caution as an employee would have, but even more. They quickly ascertained our needs and developed an effective team to help with our accounting needs. They were extremely responsive and always accurate. I would recommend their services to anyone who needs help with their property management accounting.

KSKelly StanawayProperty Manager

Smaller portfolio, still looked after

Adam the owner took a personal interest in my situation and was willing to work with me to see if his company was a good fit. I may be too small for them but I would highly recommend them to anyone considering a bookkeeper for their property management business.

TSTrevor SmithProperty Manager

230+

Property Accountants

30M+

Commercial Sq. Ft.

Up to 50%

Saved vs In-House

Every month

On-Time Close

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Running Something Other Than Northspyre?

We Work Inside Whatever You Already Have

Who We Do Northspyre Accounting For

Every Vertical Has Its Own Way of Breaking

Frequently Asked Questions

Does Northspyre replace my accounting system?

No. Northspyre software manages development budgets, cost forecasts, and draws, but it is not a general ledger. You still need a corporate accounting system, and REA reconciles the two so your numbers agree.

Which accounting systems does REA connect to Northspyre?

We work inside Northspyre alongside QuickBooks, Sage, and other general ledger systems your entities already use. We use Northspyre's native integrations to sync cost data, invoices, and payments instead of re-entering data by hand.

What does REA actually do inside Northspyre each month?

Each month we reconcile committed costs, vendor invoices, and budget variances against your general ledger, then prepare draw packages from Northspyre's live cost detail. We do not configure Northspyre or build out your project structure. That stays with your team, and we handle the accounting on top of it.

Can REA help clean up our Northspyre and accounting data if it is already out of sync?

Yes. We start every new client with a catch-up and cleanup that reconciles Northspyre's committed costs and draws against your existing books before we take over the monthly close.

What reporting do we receive each month?

You receive entity-level and project-level financial statements, work-in-progress reports, and draw packages built from Northspyre's cost and forecast data. Reporting is structured around your capital stack, so debt and equity positions are always visible.

How does REA handle draw requests for our construction loans?

We build draw packages directly from Northspyre's committed cost and vendor invoice detail, matched against your loan terms and your hard and soft cost categories. Your lender receives a supportable request tied to real project data.

Will REA work with our existing CPA?

Yes. We handle the monthly bookkeeping, reconciliation, and reporting, and we deliver clean, reconciled books your CPA can use for tax preparation and entity filings without redoing our work.

Do you support multiple project entities and a single portfolio view?

Yes. We keep each project entity's books separate and reconciled, then roll them up for portfolio-level reporting drawn from Northspyre's Analytics data. You get both the entity detail your investors need and the portfolio view you need.

How long does onboarding take?

Most clients are fully onboarded within one to two monthly close cycles, depending on how many entities and open projects need reconciliation. We start with a review of your Northspyre setup and existing books before we take over the monthly process.

Do you work with other construction platforms?

Yes. REA runs construction and development accounting across the whole stack, including Procore, Buildertrend, Premier Construction Software, Sage, and QuickBooks. If your team runs more than one platform, we reconcile between them so every system reports the same numbers.

Ready for Northspyre Books You Can Bid Against?

Schedule a call with our construction team. We will review your cost code structure, your WIP, and what Northspyre is currently doing to your financials.