CAM Reconciliation for Property Accountants
GL coding errors compound every year — catch them before year-end close
What Keeps You Up at Night
GL coding errors from property management staff that flow into CAM pools incorrectly
Expense categorization that doesn't match lease definitions for recoverable vs. non-recoverable
Journal entries at year-end to correct miscoded transactions — then reconciling those corrections through CAM billing
New vendor categories created mid-year that don't map to recovery pools
Capital vs. operating expense classification disputes that affect CAM pool totals
Your Typical Reconciliation Workflow
Property accountants maintain the GL, post journal entries, and close each period. During reconciliation season, they work with property controllers to ensure GL balances flow correctly to recovery pool exports. They investigate variances between GL totals and recovery pool calculations.
Time Spent on CAM
Property accountants spend 15–30% of Q1 on CAM-related GL work — coding reviews, reclassifications, and export preparation.
Common Errors in Your Role
Vendor invoices coded to wrong GL accounts — repairs and maintenance vs. capital improvements
Management fees posted to wrong account — not linked to recovery pool, or grossed up incorrectly
Utilities split incorrectly between common area and tenant-specific — common area portion missing from pool
Insurance premium true-ups not prorated correctly through CAM billing
Reserves classified as operating expenses — capital reserves are generally not recoverable
How CapVeri Helps
CapVeri's AI GL analysis layer flags suspicious coding patterns — unusual accounts, amounts that don't match historical patterns, and capital expenditures that may have slipped into operating expense pools. Advisory flags only — your team makes the final call.
Time Savings
Property accountants report reducing year-end GL review time for CAM purposes by 40–55% when anomalies are flagged automatically instead of hunted manually.
Resources for Property Accountants
Free Tools for Property Accountants
See What CapVeri Finds in Your Reconciliations
Export your GL data from Yardi, MRI, or any ERP. Upload to CapVeri for independent verification of every calculation — the same errors tenant auditors look for, caught before statements go out. First audit is always free.
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