Close the month against records, not PDFs
Every statement line your managers report meets the imported record it should match — and when it doesn't, the variance is flagged before it reaches a dashboard, a lender, or a partner.
Four PMC formats. Three source systems. One controller reconciling it all with paste-special — every single month.
Operating statements, rent rolls, and lender packages arrive in whatever shape each manager's system produces. The reconciliation work is real — Folio just stops it from being manual, undocumented, and repeated from scratch every close.
Statement line vs imported record, row by row
West Loop Industrial, May close. Three lines tie out; one doesn't. Click the flagged row to see why — the answer comes with both sources attached.
The May CAM reconciliation was billed after the manager's statement was cut. The imported record carries the post-reconciliation figure; the packet doesn't. Resolved by accepting the imported record — with both sources kept on the reconciliation trail.
The variance carries through to NOI, so nothing "nets out" silently. Mismatches land in Data Quality Checks with a resolution trail your auditors can read.
Comparative by design
The finance view isn't one month — it's this year against last, by property, with the variance explained. Comparative income statement, balance sheet, cash flow, REO, and loan mortgages, every figure source-linked.
- Comparative income statement by property and year — the close's before/after in one table.
- Balance sheet and cash flow on lines your team configures — not a vendor's chart of accounts.
- REO with stakeholder shares and CSV export for distribution.
The finance team owns the definitions
Validation runs before reporting; the chart of accounts and cash-flow lines stay under your control. Governance, not just tooling.
38 issues caught in May, 29 auto-fixed
Gaps, duplicates, mismatches, and stale values stopped before they reach a statement — each with a resolution trail.
Data Quality Checks → Account codesYour chart of accounts, kept yours
Manager line items map to account codes the finance team administers — renames and reorganizations don't rewrite history.
Owner controls → Cash-flow linesCash flow on your definitions
Configure which lines roll into cash flow and how — debt service, reserves, distributions — once, for every property.
Owner controls →See your portfolio in one trusted owner view.