Accounting Automation
Keep your books clean and your owners informed. Looset keeps rent roll and GL in sync and surfaces issues before they become problems.
- ✓Automatic sync between rent roll and general ledger—no more spreadsheet reconciliations.
- ✓Continuous anomaly detection so you catch discrepancies early.
- ✓Owner-ready reports with commentary generated for you every month.
Month-end snapshot
Sample Owner Report
Monthly Report - March 2024
Generated by Looset AI
Executive Summary
Portfolio performance was strong this month with 98.5% collection rate, up 2.3% from last month. Occupancy remained stable at 96.2%. Maintenance costs were slightly elevated due to HVAC repairs in Building A, but are expected to normalize next month.
Accounting Features
Rent Roll & GL Sync
Rent roll and general ledger stay in perfect sync automatically. Every payment, charge, and adjustment flows through in real-time—eliminating the monthly reconciliation headaches that consume hours of accounting time.
Automated Reconciliation
Looset continuously monitors for discrepancies and suggests reconciliations with detailed explanations. You review and approve with one click—transforming a days-long monthly task into minutes of review work.
Anomaly Detection
Unusual transactions, duplicate entries, and suspicious patterns are flagged automatically using machine learning. Catch errors, fraud, and accounting mistakes before they become costly problems or audit issues.
AI-Generated Owner Reports
Monthly owner reports are generated automatically with AI-generated commentary that explains performance trends, highlights key metrics, and provides actionable insights—giving owners the transparency they need without manual report writing.