Excel + QuickBooks or Sage
Budgets and commitments live in trackers. Invoices and journal entries live somewhere else. Every draw package becomes a reconciliation exercise.
Products
Commercial Development
Replace Excel trackers and disconnected accounting with one operating record.
Credence gives commercial developers project management and accounting in one software system. Budgets, contracts, change orders, invoices, draws, and ledger entries do not drift apart.
Best fit
Developers that need budget-to-actuals, contracts, AP approvals, draw packages, lender reporting, and project accounting tied to the same record.
The Excel gap
The issue is not project tracking. It is keeping tracking and accounting in sync.
Commercial developers often improve one side of the process while leaving the other side disconnected. Credence replaces that split with one operating record.
Northspyre + separate accounting
Project tracking gets cleaner, but accounting is still a second system. Finance still has to reconcile what the project team thinks happened.
Project management + accounting
Budget lines, contracts, change orders, approvals, invoices, draws, and accounting records are tied to the same underlying data.
Connected development workflow
From budget setup to accounting record without tracker drift.
The workflow is designed around the artifacts developers already manage, with each step connected to the ledger and the reporting package it supports.
01
Budget
Set the original budget, revised forecast, cost codes, and lender reporting format.
02
Contracts
Commit contracts directly against budget lines and entities.
03
Change orders
Approve changes once and update commitments, variance, and audit detail.
04
AP approvals
Match invoices to contracts, approvals, source documents, and accounting treatment.
05
Draw package
Generate budget-to-actuals, invoice support, and lender-ready draw schedules.
06
Accounting
Post the transaction to the project ledger from the same approved record.
Capabilities
The development controls that usually fall between project tools and accounting.
Each capability is built around the same record: budget line, source document, approval, draw support, and accounting treatment.
Budget control
Budgets & variance
Every contract, change order, invoice, and draw line ties back to a budget line, so budget-to-actuals are calculated from the work itself rather than a separate tracker.
Variance with support attached: original budget, revised budget, committed cost, paid-to-date, and remaining budget with contracts and invoices one click away.
Commitments
Contracts & change orders
Every subcontract and vendor agreement lives alongside its amendments, change orders, approval history, and budget impact.
No second commitment schedule: change orders update commitments and variance when approved, instead of waiting for the next spreadsheet refresh.
Payables
Integrated accounts payable
Invoices are ingested, matched to the underlying contract, and routed through your approval chain before they become accounting entries.
From invoice to journal without manual re-entry: nothing gets lost between approval, draw support, and the books.
Lender package
Automated draw requests
The full draw packet is generated from what is already in the system: the budget-to-actual schedule, invoices, lien waivers, and cost certifications.
Stop assembling packets by hand: data is entered once when approved and collated automatically.
See Credence mapped to your project structure.
We will tailor the walkthrough to your budget format, lender reporting requirements, draw process, entity structure, and current accounting setup.
Book a development demo