Automate Year-End CAM Reconciliation
Stop losing sleep over Q1 reconciliation season. CapVeri turns weeks of manual spreadsheet work into a streamlined, auditable process.
The Year-End Reconciliation Crunch Is Unsustainable
Every January, property controllers face the same brutal cycle: export GL data from Yardi or MRI, map hundreds of expense codes to CAM pools, calculate gross-ups for partially occupied buildings, apply administrative fees and caps, then allocate shares to dozens of tenants across multiple properties. A single building can take 4-8 hours of focused spreadsheet work, and most portfolios have 20+ buildings that all need reconciliation before March deadlines.
The manual process is not just slow -- it is error-prone. Misclassified GL codes, forgotten cap adjustments, and incorrect square footage inputs compound into billing errors that erode tenant trust and leave recoverable dollars on the table. When tenants audit your reconciliation statements and find mistakes, the cost in staff time, legal exposure, and relationship damage far exceeds the original error amount.
How CapVeri Automates Year-End Reconciliation
CapVeri ingests your GL export files directly -- no API integration or ERP configuration required. Our parser recognizes Yardi, MRI, and generic CSV formats automatically, mapping expense codes to standardized CAM pools using BOMA 2024 methodology. Within minutes of uploading, you have a structured view of every expense category with automatic classification suggestions and flagged anomalies.
From there, CapVeri runs deterministic financial calculations: gross-up adjustments for vacancy, administrative fee application, cap enforcement per lease terms, and pro-rata tenant share allocation. Every calculation is traceable back to the source GL line, creating an audit trail that satisfies even the most demanding tenant representatives. What used to take your team weeks of spreadsheet gymnastics now happens in an afternoon.
Key Features
Automatic GL Mapping
Upload your Yardi or MRI GL export and CapVeri maps expense codes to BOMA-standard CAM pools automatically, flagging any codes that need manual review.
Deterministic Calculations
Gross-up, caps, admin fees, and tenant share allocation computed with auditable precision. No AI guesswork on financial math -- every number traces to a source.
Audit-Ready Output
Generate tenant reconciliation statements with full calculation backup. Every figure links to the originating GL entry, making tenant audits straightforward.
15-Minute Per Building
What used to take 4-8 hours of spreadsheet work per building now completes in about 15 minutes, including review and approval time.
How It Works
Export Your GL Data
Pull your year-end GL expense report from Yardi, MRI, or any system that exports CSV. No special configuration or custom reports needed.
Upload to CapVeri
Drag and drop your file. CapVeri auto-detects the format, parses columns, and maps expense codes to standardized CAM pools.
Review Flagged Items
CapVeri highlights anomalies, unrecognized codes, and year-over-year variances. Approve or reclassify with a single click.
Generate Reconciliation Statements
Run calculations, apply lease-specific caps and fees, and export tenant-ready reconciliation packages with full audit backup.
Frequently Asked Questions
What GL export formats does CapVeri accept?
CapVeri natively parses Yardi GL exports, MRI financial reports, and generic CSV/Excel files. If your system can export a spreadsheet of expenses with account codes, amounts, and dates, CapVeri can ingest it.
How does CapVeri handle buildings with different fiscal years?
Each property in CapVeri can have its own reconciliation period. You can upload and reconcile properties independently, whether they follow calendar year, fiscal year, or lease-year timing.
Can I reconcile multiple buildings at once?
Yes. Upload GL exports for your entire portfolio and CapVeri processes them in parallel. You can review and approve each building independently or batch-approve properties that pass automated validation checks.
What if my tenant's lease has a custom cap structure?
CapVeri supports cumulative caps, compounding caps, CPI-based caps, and base-year stops. You configure each tenant's cap terms once, and they are applied automatically in every reconciliation cycle.
Is CapVeri a replacement for Yardi or MRI?
No. CapVeri works alongside your existing property management system. You continue using Yardi or MRI for day-to-day operations and simply export your GL data to CapVeri for reconciliation. There is no migration, no integration project, and no disruption to your existing workflows.
Related Solutions
Finish Reconciliation Season in Days, Not Weeks
Upload your first GL export and see how CapVeri automates the year-end CAM reconciliation process. Free trial includes full calculation output for one building.
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