Real Estate
Iraqi real estate runs on long project cycles, off-plan unit sales, multi-year installment collections, and the day-to-day economics of running buildings once they are handed over. Moashirat delivers the ERP system and the accounting, audit, and tax work as one integrated team, so your project costs, unit sales ledger, and statutory books are the same numbers, built on the Iraqi Unified Accounting System and reported in IQD and USD.
Challenges we solve in this sector
- Tracking the true cost of each project and phase — land, construction contracts, consultants, and overheads — against budgets and progress, instead of a single lump-sum view.
- Managing off-plan and installment unit sales where buyers pay deposits and multi-year schedules, often in USD while statutory books are kept in IQD, with revenue recognized only as it is earned.
- Running facilities and property management after handover — recurring service charges, tenant and owner billing, maintenance, and collections across multiple buildings.
- Meeting Iraqi tax, withholding, and labor obligations on contractor payments and payroll while keeping audit-ready records for banks, partners, and investors.
How Moashirat helps
Project costing that ties to your books
We implement ERP on Odoo or Oracle NetSuite so every land cost, construction contract, consultant fee, and overhead is captured by project and phase, with budgets and progress visible — and because our finance team builds the same chart of accounts on the Iraqi Unified Accounting System, project numbers and statutory accounts reconcile.
Unit sales, installments, and dual currency
We configure the unit sales ledger, deposit and installment schedules, and aging so collections are tracked per buyer, with IQD/USD dual-currency accounting and IFRS-aligned revenue recognition handled by our PhD-led finance team.
Facilities billing, tax, and audit in one team
For property and facilities operations we set up recurring service-charge and tenant billing, then handle Iraqi tax registration and withholding, payroll localization, and internal or statutory audit — so your buildings, books, and compliance are managed by the same team that built the system.
A single developer or facilities operator can start lean on Odoo, while groups running multiple projects, entities, and buildings often fit Oracle NetSuite's multi-entity cloud consolidation — our dual accreditation keeps the recommendation neutral.