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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 manuallyu2014such 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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Handling CAM Reconciliations with Accounting Software Streamlining Expense Allocation for Accurate Property AccountingPresented by:EXO Edge
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
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
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
