Month-End Close
AI Assistant
Month-end close is manual and time-consuming. Many errors go undetected. Reduce the frequency of errors and streamline the entire process with our AI-powered solution.
Introducing the Month-End Close AI Assistant
Many real estate companies have offshored accounting tasks. While this has reduced labor costs, it has not necessarily improved the accuracy of financial statements. Given the large volumes of income and expense transactions across a portfolio, the AI Assistant provides accounting teams a list of flagged transactions to investigate.
Analyze
Analyze large volumes of GL transactions
Apply
Let AI apply your SOPs and checklists for accounting accuracy
Flag
Flag transactions that fail the checklist test
Review
Spend time efficiently reviewing only the flagged transactions
8 Types of Errors Detected
Transactions categorized to the wrong GL account
Sometimes a maintenance bill gets categorized as a marketing expense. The AI Assistant flags transactions it finds may have been incorrectly categorized.
Transactions charged to the wrong property
Not all vendor bills specify the property that was worked on. The AI Assistant flags activity that it thinks could have been charged to the wrong property.
Duplicate payments to the same vendor
The AI Assistant checks vendor names, amounts, and frequency of expense transactions to see if a vendor might have been paid more than once for the same activity.
Unpaid bills
An unpaid bill is hard to find manually. But the AI understands patterns of bill payments and identifies months in which an expected expense is missing.
Uncollected rent
The Month-End Close AI Assistant checks to see if every expected rent payment has been recorded for the period.
Surprise expenses
Find out if there are expenses that have occurred at an unusual frequency or at an unusual time, pointing to potential errors or fraud.
Unusually large or small transactions
The AI looks for outliers. If lawn maintenance is normally $2,000–$3,000 but a charge of $6,000 appears, you will know about it immediately.
Large budget variances
Large budget variances reveal activity and expenses that were not anticipated. The AI reveals these after scanning data for each property.
FAQ
Frequently Asked Questions
Click any question to read the answer.
An AI-powered tool designed to streamline and automate the month-end close process for real estate investment and management companies. It analyzes large volumes of GL transactions, applies your accounting SOPs, and flags anything that looks like an error so your team can focus only on what needs review.
Month-End Close AI Assistant
See how the AI Assistant automatically detects GL errors, duplicate payments, and budget variances — without manual review.
Book a Demo
See the Month-End Close AI Assistant run on your own data. Pick a time below.