AI is everywhere, but clarity is rare. Befree Elevate: where CFOs & finance leaders turn insight into real transformation.

Know More

Expert Accounting for Property, Real Estate Professionals and Builders

Befree delivers specialist construction and real estate accounting services for Australian builders, developers and agencies. We reduce operating costs, automate bookkeeping and ensure compliance with TPAR, and relevant Australian licensing and trust account audit requirements.
Talk to an Expert
Medical Accountant

Professional Construction Accounting and Financial Support You Can Rely On

The Australian property sector is heavily regulated, and accounting for construction companies involves much more than filing tax returns. It requires careful tracking of Work-in-Progress (WIP), subcontractor payments, and commission structures. Inaccurate data can lead to budget overruns, cash flow problems, and compliance risks. For real estate agents, managing trust account audits and complex commission models requires high levels of  financial accuracy and expertise.

Befree supports your business by aligning operations with finance. Our construction bookkeeping services track every invoice, retention amount & variation. Outsourcing these critical functions to us gives you a scalable finance team that keeps your property portfolios current and audit-ready.

Whether it’s simple bookkeeping for small construction business setups or complex accounting for property feasibility studies, we remove the guesswork out of your business accounting and give you financial clarity to run a compliant, sustainable business.

GDPR
Compliant

ISO 27001
Certified
XERO Platinum
Partner
ACCA Approved
Employer – GOLD
0 +

Delivery Centres

0 +

Years of Experience

0 +

Employees Worldwide

0 +

Global Clients

What Our Clients Say About Our Real Estate Accounting and Finance Support

View More
View More

Construction Bookkeeping and Financial Management Services

Outsource your finance functions to experts & grow your business confidently. Our accountants for real estate support construction companies and agencies with daily transactions, reporting, and tax planning, delivering clarity, control, and streamlined financial management.

Construction Bookkeeping Services

We handle job costing, progress claims, retention tracking & accounts payable with structured construction bookkeeping systems. We offer consistent WIP schedules and bank reconciliations, allowing you to see profitability on every active project.

Real Estate Trust Accounting

Our accountants for real estate handle daily receipts, end-of-month reconciliations and audit preparation so your trust accounts comply with state regulations. Our team spots discrepancies early to avoid license breaches and ensure a smooth annual external examination.

Tax & Compliance (TPAR & BAS)

We administer ATO obligations, including the Taxable Payments Annual Report (TPAR) for construction industry accounting and complex GST reporting. We review every invoice for valid ABNs & GST codes so you never overpay tax or miss a lodgement deadline.

Payroll & Subcontractor Management

Expert handling of complex construction wage frameworks and payroll management for real estate teams. From tracking portable long service leave to superannuation clearing, we take care of the admin for your site/office workforce.

Property Tax & Advisory

As your property tax accountant, we support investors and developers with Capital Gains Tax (CGT), negative gearing and land tax obligations. We also advise on the right ownership structure – trust or company – to protect assets and legally minimise tax on future sales.

Development & Margin Scheme

Strategic accounting for property developers, focusing on project feasibility analysis and the GST Margin Scheme. Our team prepares detailed funding capability statements for lenders and processes settlement adjustments so your project finances are in line from start to finish.

We Work With Your Existing Tools

autoentry.jpg
NetSuite.jpg
xero.jpg
sage.jpg
vt.jpg
sage50.jpg
dext.jpg
hubdoc.jpg
quickbooks.jpg
freeagent.jpg
hm.jpg
brightpay.jpg
capium.jpg
iris.jpg
taxcalc.jpg
cch.jpg
kashflow.jpg
bright-1.jpg
engager-1.jpg
senta-1.jpg
pixie-1.jpg
karbon-1.jpg
Ignition-1.jpg

Real Estate Bookkeeping: Businesses We Support

We partner with businesses across the entire built environment. Our team understands the complexities of accounting for real estate agents, commercial builders, and residential developers.

Residential & Commercial Builders

Experienced accountants for builders handling WIP adjustments, revenue recognition, and detailed project profitability reporting. We support compliance with Australian building regulations so you can maintain your licence and confidently tender for larger projects.

Real Estate Agencies

Rent rolls, commission splits, and trust account compliance form part of our bookkeeping for real estate agent services and strong financial management for property agencies. Our team processes your mid-month and end-of-month landlord disbursements on time, protecting your reputation with property owners.

Property Developers

From site acquisition and funding capability statements through to final project settlements, we support the full project lifecycle, including advising on eligibility and application of the GST Margin Scheme to optimise project outcomes.

Trades & Subcontractors

We ensure BAS, invoices & TPAR deadlines are met. Our administrative & expense logging process streamlines your admin tasks so you can spend your time on team management and winning new tenders.

Meet Our Accountants for Real Estate

Our experienced team handles accounting for construction companies and agencies rigorously, allowing you to focus on building projects and selling homes.

MuthuKumar T, Partner at befree EBU department

Muthukumar T

Partner, EBU

Darshan Danecha, Director at befree EBU department

Darshan Danecha

Director, EBU

Darshan Trivedi

Associate Director, SME

Prashant Chauhan

Partner, Business Services

Our Step-by-Step Construction Accounting and Financial Process

STEP 02

Sign Up

  • Formalise engagement and define the scope of construction bookkeeping services.
STEP 04

Handover

  • Transition payroll, WIP tracking, and banking workflows.
STEP 06

Streamline

  • Optimise systems for job costing and commission management.
STEP 01

Requirement Gathering

  • We assess your TPAR, Trust Account, and software needs.
STEP 02

Sign Up

  • Formalise the engagement and set expectations.
STEP 03

Onboarding

  • Set up secure access to Simpro, PropertyMe, or Xero.
STEP 04

Handovers

  • Smooth transition of tasks and responsibilities.
STEP 05

Review

  • Monitor financial ratios, licensing compliance, trust account obligations, and reporting accuracy.
STEP 06

Streamline

  • Within 3–4 weeks, your processes run on autopilot.

Why Choose Befree for Real Estate Payroll and Financial Support

Smart accounting for building construction and property management goes beyond just data entry. We synchronise with your project lifecycles and sales rhythms.

Financial Advantage

Save 40-50% on construction bookkeeping services compared to hiring a local in-house resource.

Flexibility

Scale your real estate bookkeeping team instantly during peak sales seasons or major project launches.

Specialisation

We act as a dedicated real estate tax accountant and construction specialist, understanding the specific laws that generalists miss.

Agility

Daily reconciliation of project costs and trust accounts, ensuring you always know your cash position.

Lower Overheads

Eliminate recruitment costs and employee leave expenses for finance staff.

Quick Setup

Experts in Simpro, Procore, and PropertyMe for immediate integration.

Transform your
business today!

Looking to outsource accounting or streamline your back-office operations? Book a free consultation or request a trial to discover how our expert consultants can support your business’s growth.

Or simply fill out the form—our team will be in touch shortly.

FAQs About Construction Industry Accounting

Is construction in demand in Australia?

Yes, the Australian construction industry is experiencing significant demand from a pipeline of government infrastructure projects and housing targets. But the sector is short of skilled people, particularly project managers and tradespeople, which is raising labour costs. The rising demand is a huge opportunity for businesses, provided that they have solid construction business accounting in place to cope with rising costs and cash flow pressures.

A construction accountant does much more than tax work. The project controller is in charge of job costing, progress claims and compliance with TPAR (Taxable Payments Annual Report) and other regulatory reporting. The role of the accountant is to track Work-In-Progress (WIP) and retention money, so you aren’t overpaying tax on money you haven’t received yet. Managing such complex construction accounting tasks protects your license and strengthens financial management for builders.

Construction typically uses project-based accounting, often utilising the “Percentage of Completion” method rather than standard cash or accrual accounting. This method recognises revenue and expense based on how much of the project is completed, so it gives a more accurate picture of financial health than tracking bank deposits.

Construction accounting is a specialised form of financial management that tracks costs and revenue on a project-by-project basis rather than at a company-wide level. Unlike standard retail or service accounting, it accounts for decentralised job sites, long-term contracts, and complex billing structures such as progress claims.

In general, real estate trust accounts must be audited annually within 3 months of the audit period end, which is usually June 30. Our accounting for realtors service prepares your files for the external auditor.

Yes. A property tax specialist understands complex areas such as Capital Gains Tax, land tax thresholds, negative gearing, and structuring strategies for property investors and developers. Working with a qualified property tax specialist helps ensure compliance while improving long-term tax efficiency.