Use cases
What Komod does
Eight things a commercial real estate close needs, and what Komod does for each one: it reads, proposes and explains; you approve.
- Use case
The month-end close
You open the month and ask Komod to run the close. It reads your mail, your documents and your bank, lines up what it proposes, and asks where it is unsure. You approve each entry, and the owner report is drafted from what you approved. - Use case
Lease abstraction
Upload a lease or an amendment. The terms come back as a card, each with the page and the words it came from. A person approves the card before anything is recorded. - Use case
CAM and NNN reconciliation
Shared building costs, worked out line by line from your own books and each tenant's lease. Caps per recovery year, controllable and non-controllable costs, the admin fee, and a true-up per tenant. Every figure shows how it was reached. - Use case
Invoice verification
Vendor bills read from the document, coded to your own chart of accounts, marked recoverable or not, and held as a card until a person approves them. Nothing is posted on its own. - Use case
Bank reconciliation
Bank statements and feeds matched to approved activity. A line that cannot be matched with confidence stays open, with the reason. A deposit that is rent plus tax is explained to the cent, against a rate you recorded. - Use case
Owner reporting
The monthly report your owners read, in seven sections. Every figure links to the transaction, lease clause, calculation or document behind it. Owners read it in their own portal and see only their buildings. - Use case
QuickBooks Online and Desktop
QuickBooks stays your one set of books. With QuickBooks Online, your chart is imported when you connect and approved entries post only by your click. With QuickBooks Desktop, your chart is imported from a file and approved entries export as a file you import, a download, never a post. - Use case
Year-end catch-up
Closing several months for one building in one sitting. A year desk shows all twelve months, what each one has and what it is missing, and runs the close one month at a time, each month approved by you.
Your first month is free
Let Komod run your next month-end close.
For one month, at no cost, Komod closes the books on your leases, your bank accounts and your QuickBooks. You approve every entry. Tell us a little about your buildings and we set it up with you, hands on.
Try Komod free for a month