NetSuite Real Estate Accounting Software

Automate rent collection, track development costs, manage tenant accounts, and consolidate portfolios with NetSuite’s purpose-built accounting software for real estate owners, managers, developers, and investors.

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What is NetSuite Real Estate Accounting Software?

NetSuite Real Estate Accounting Software unifies property management, project accounting, and investor reporting within one cloud platform. Real estate firms can automate processes related to leases, rent rolls, commissions, project budgets, and multi-entity consolidations, helping reduce manual effort and improve operational oversight.

Unify fragmented real estate data for insights that drive growth

Smarter numbers

By connecting tenant ledgers, project costs, and investor reports in real time, NetSuite turns fragmented accounting into a portfoliowide view. Decision-makers move faster with live metrics on occupancy, expenses, and profitability.

NetSuite Real Estate Accounting Software features

Partner integrations combined with NetSuite’s built-in tools designed to simplify the complexity of real estate finances let accounting teams close the books faster while empowering executives to act on accurate portfolio data.

General ledger

Consolidate every transaction across properties, projects, and entities into a flexible, real-time GL. With NetSuite’s multidimensional reporting, finance leaders can slice results by property, region, or investor group to uncover portfoliowide trends and risks.

Cash management

Centralize vendor invoices, property expenses, and capital outflows and get instant visibility into portfolio cash positions. Automated payment workflows strengthen controls, improve forecasting, and support strategic decisions on acquisitions or development projects.

Accounts receivable

NetSuite automates tenant invoicing, recurring rent, CAM charges, parking and storage fees—and tracks late payments and escalations. This reduces delinquencies, improves cash collection, and provides finance teams with clear visibility into every receivable stream.

Revenue recognition

Apply ASC 606-compliant revenue recognition for complex transactions like development milestones, property sales, or lease incentives. NetSuite can automate compliance, reducing manual adjustments and audit exposure while accelerating the financial close.

Tax compliance

Automate property tax, depreciation, and other real estate-specific obligations while supporting GAAP, IFRS, and local regulations. With built-in audit trails and controls, finance teams minimize compliance risk across expanding portfolios.

Multi-entity consolidation

Simplify consolidations across LLCs, REITs, and joint ventures. Real-time eliminations, automated intercompany accounting, and multicurrency support let firms roll up results quickly, reducing close times and providing immediate visibility into portfoliowide performance.

Property and project cost tracking

Track construction budgets, tenant improvements, and ongoing maintenance costs at both the property and project levels. Linking these costs to accounting enables precise allocations and more accurate profit analyses, resulting in improved investor transparency.

Commission and broker accounting

Automate commission calculations for brokers and agents based on deal terms, transaction value, or occupancy metrics. NetSuite connects these payouts to revenue recognition and compliance, reducing errors while providing timely and transparent disbursements.

Tenant and investor reporting

Generate customizable dashboards and reports showing occupancy, rent rolls, expense ratios, and investment performance. Tailored statements for owners, lenders, and investors support confidence in business health and decision-making.

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NetSuite Real Estate Accounting Software benefits

Gain portfolio wide visibility. Real-time dashboards consolidate results across entities, properties, and projects, providing insight for faster, smarter decisions.
Accelerate lease-to-cash cycles. Automating rent billing and collections can minimize arrears, improve cash flow predictability, and free finance teams to focus on portfolio performance.
Simplify complex structures. NetSuite handles multi-entity, multicurrency, and joint-venture accounting automatically, transforming lengthy, error-prone consolidation and close processes into precise, near-instantaneous operations.
Enhance investor confidence. Automated reporting delivers timely, accurate statements for owners and lenders, strengthening trust and supporting fundraising or financing efforts.
Control property-level costs. By tying expenses, maintenance, and capital projects directly to each property, finance teams prevent budget overruns and improve margins across the portfolio.

Challenges NetSuite Real Estate Accounting Software solves

Fragmented systems. Many real estate firms run on disconnected spreadsheets and property management systems that can obscure the big picture. NetSuite integrates all financial data in one place.
Delayed reporting. Manual reconciliations and entity consolidations slow financial closings. NetSuite automates them, accelerating month-end closes and improving accuracy.
Compliance risks. Complex lease standards, revenue recognition rules, and tax obligations are difficult to manage manually. NetSuite automates compliance, reducing audit risk.
Inefficient rent collection. Past due payments and missed escalations drain profitability. NetSuite automates invoicing, late fees, and reminders, keeping collections current.

SuiteSuccess – Your proven path to success

Leveraging more than 25 years of experience working with tens of thousands of organizations, across all industries and business sizes, our SuiteSuccess customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business suite with industry-specific solutions. Then we engage with your business to ensure that we’re addressing your specific needs and guiding you along the way on how to best consume and optimize NetSuite to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI, and greater employee adoption.

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How much does NetSuite Real Estate Accounting Software cost?

Companies of every size, from prerevenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?

Users subscribe to NetSuite for an annual fee. Your license is made up of three main components: core platform, optional modules, and number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users—that’s the beauty of cloud software.

NetSuite Real Estate Accounting Software is available as an add-on module.

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