Budgetrac Real Estate Development Review - why 3.8 stars?

Shlomi Lavi / updated: Jul 16, 2022

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What is Budgetrac Real Estate Development?

Budgetrac Real Estate Development is a cloud-based construction accounting software that is developed for businesses in the construction industry. The software is designed with features and specifications that can be used in businesses of all sizes such as small-sized businesses, medium-sized businesses, and large enterprises.

The solution keeps track of the amount of material used as well as the material remaining and the cost that has been used as the construction is ongoing. The main features that are available to be used by uses include cash management and construction breakdowns among others.

Budgetrac Systems is a company that is responsible for the development and distribution of Budgetrac Real Estate Development. The company is based in the united states and was started in the year 1982.

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Who is it best for?

Budgetrac Real Estate Development is specifically designed for real estate developers. The software can be used by retail, office and residential industries and home builders. The software can help users to encompass all parts of the developer’s accounting needs.

Main features and functionalities

Budgetrac Real Estate Development comes with core accounting and project control functionality, report writers and property management functionality. The core accounting part can help users to manage contracts, develop budgets, track costs and create funds. The software can also help users to create forecast cash flows and let them know where the project stands at any point in time. The property management functionality can help users to track all business aspects of projects and manage assets.

The software is compliant with Open Database Connectivity and help users to create reports by providing various report writing tools. Other notable features of this software are: accounts payable, general ledger, purchase orders, accounts receivable and contract management. The software also offers lease based property management features like lease abstract and retail sales breakpoint tracking which are not seen in other similar tools.

What is the actual cost?

The cost of license starts at $1,600 per user/year. ITQlick pricing score is 6.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for Budgetrac Real Estate Development. You can also find here pricing information from Budgetrac Real Estate Development's website.

Pros

• The solution is reliable since there is a backup provided to prevent data loss
• The solution can be integrated with other existing applications
• The customer support available is good in the software and always available
• The real estate accounting solution offers free 30-day evaluation for interested users
• The real estate accounting software is compatible with Windows and offers payroll management features unlike other similar tools

Cons

• The price of the software is high and most people cannot afford it
• The users cannot customize the solution and its difficult to learn and use
• The customer support of Budgetrac Real Estate Development doesn’t offer 24/7 hours live phone support
• The real estate accounting software is not feature rich comparing to other similar tools
• The real estate accounting solution is only available in English as of this time

How it stacks up?

Access a head to head analysis of Budgetrac Real Estate Development vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Budgetrac Real Estate Development right for you or your business?

Budgetrac Real Estate Development is a construction accounting software that is developed for businesses in the construction industry. The software is designed with features and specifications that can be used in businesses of all sizes such as small-sized businesses, medium-sized businesses, and large enterprises.