Common Area Maintenance (CAM) and triple-net (NNN) reconciliation is where commercial property managers lose the most time and trust. Manual spreadsheets drift, recovery pools get miscounted, and a single bad true-up statement can trigger a tenant dispute. Plazee treats reconciliation as a year-round process instead of a year-end scramble: recoverable expenses flow from the general ledger as they post, so the annual true-up is already 90% done before you start.
Recoverable expense pools that stay accurate
Define CAM pools once — by property, by expense type, or by custom grouping — and let Plazee route GL activity into them automatically. Caps, base-year stops, gross-ups, and exclusions are configured per lease, so the recovery math is consistent across every tenant in a building.
- Per-property and per-pool expense grouping
- Caps, base-year stops, and gross-up to a target occupancy
- Admin fees and management-fee add-ons
- Tenant-specific inclusions and exclusions
Annual true-up in minutes, not weeks
When it is time to reconcile estimates against actuals, Plazee compares what each tenant was billed monthly to their share of actual recoverable spend, then drafts the true-up charge or credit. You review, approve, and bill — the supporting detail is generated for you.
- Estimate-vs-actual comparison per tenant
- Automatic true-up charge or credit calculation
- One-click posting to the tenant ledger
Statements tenants can verify
Every reconciliation statement itemizes the expense pool, the tenant’s pro-rata share, caps applied, and the net true-up — and each line traces back to the underlying invoice and journal entry. When a tenant’s controller asks a question, the answer is one click away instead of a week of spreadsheet archaeology.
Built on real double-entry accounting
Because CAM reconciliation runs on top of Plazee’s full general ledger, the recoverable expenses you bill are the same numbers in your financial statements. There is no separate spreadsheet to reconcile against your books — the books are the source of truth.