For property accountants
Recoveries that tie out to the ledger.
Every charge, credit memo, and write-off posts through a double-entry ledger, and every reconciliation keeps the trace behind its number.
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One ledger under the operations
Rent, recoveries, percentage rent, and credits post as balanced entries. Posted journal entries are corrected by reversal, not edited.
- Chart of accounts with journal entries and reversals
- Period close with pre-close checks and a trial balance
- P&L, balance sheet, and cash flow, cash or accrual
A trace for every recovery
Each reconciliation stores pool actuals, exclusions, gross-up, admin fee, share, base year, cap, and estimates billed, ready to tie out to the GL.
QuickBooks Online, if you keep it
Map Vespy categories to your QuickBooks Online accounts and export journal entries in batches. The export is one-way and starts when you run it.
Questions
Does Vespy sync with QuickBooks?
It exports journal entries to QuickBooks Online after you map accounts. Nothing syncs back except the chart of accounts, and QuickBooks Desktop is not supported.
Does Vespy connect to bank feeds?
No. Trust account reconciliation compares a statement balance you enter against the ledger and subledgers.
How are overpaid recoveries handled?
As credit memos. An overpayment at reconciliation becomes a numbered credit memo that applies against open charges.
Stop reconciling in a spreadsheet.
Set up a recovery pool, abstract a lease, and run a reconciliation on the free trial.
14-day free trial · No credit card