A flip generates records in different places: closing documents, bank accounts, credit cards, supplier invoices and lender statements. DaxCents helps connect that activity to the right property and keep it understandable throughout the project.
What project bookkeeping covers
- Trace purchase closing amounts to the earnest-money payment, funding records and account activity.
- Assign supported transactions to a consistent property identifier.
- Maintain renovation cost and funding schedules within the agreed scope.
- Review sale proceeds and assemble a project closeout package.
Keep cash movement and project costs clear
A loan deposit, a card payment and a supplier invoice describe different events. The records should explain their connection without counting the same activity twice. Unpaid bills, missing receipts and unexplained differences stay visible for follow-up.
Our project-cost comparison example shows why a rehab report may differ from spending in a bank account.
What to bring to the first conversation
Start with a list of active and recently sold properties, the entities that own them, your accounting software and the accounts used for purchases and improvements. Document access is arranged after the work is agreed.
A scope built around your properties
The engagement sets out the properties and periods covered, who supplies project information, the schedules to prepare and the review process. Tax treatment, return preparation, legal interpretation, audit and attest services are outside this offering.