Handling CAM Reconciliations with Accounting Software
Title:
Handling CAM Reconciliations with Accounting Software
Description:
This presentation highlights how property management accounting software simplifies the complex process of CAM (Common Area Maintenance) reconciliations. It begins by explaining CAM expenses and their importance in tenant billing. It then outlines the common challenges property managers face when handling CAM reconciliations manually—such as errors, inefficiencies, and lack of transparency. Finally, it showcases how accounting software automates allocations, ensures compliance, and improves accuracy and reporting, helping property managers save time and enhance trust with tenants. –
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Title: Handling CAM Reconciliations with Accounting Software
1
Handling CAM Reconciliations with Accounting
Software
- Streamlining Expense Allocation for Accurate
Property AccountingPresented by EXO Edge
2
What is CAM Reconciliation?
- CAM stands for Common Area Maintenance expenses
shared by tenants - Reconciliation ensures tenants are billed
accurately for their share - Includes costs like landscaping, security,
janitorial, and maintenance - Typically performed annually to align estimated
and actual costs
3
The Pitfalls of Traditional Methods
- Time-consuming data entry and spreadsheet errors
- Difficulty tracking lease clauses and tenant
allocations - Inconsistent documentation and audit trails
- Delays in generating accurate year-end reports
4
Streamline with Property Management Accounting
Software
- Automates cost allocation based on lease terms
- Tracks actual vs. budgeted CAM expenses in
real-time - Generates tenant-specific reconciliation
statements - Ensures compliance and audit-readiness with
digital records - Increases transparency for both property managers
and tenants
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