A retail center CAM statement billed $318,250 in recoverable operating expenses. The GL support provided to the tenant totaled $304,100 after excluding non-recoverable accounts. CAMAudit flagged the $14,150 mismatch because no adjustment schedule explained why the statement total exceeded the ledger support.
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16
Rule 16 of 20 · Classification rule
GL vs. Statement Total Mismatch in CAM Reconciliations
A CAM statement should tie to its accounting support. If the GL and statement do not reconcile, the tenant needs an explanation before accepting the billed total.
A $9,800 difference between the CAM statement and the supporting GL can turn into a tenant-specific overcharge when it is allocated by pro-rata share without explanation.
What it checks
A GL vs. statement total mismatch occurs when the total shown on the CAM reconciliation does not agree to the general ledger detail provided as support. The mismatch may happen at the full operating expense level, within a single category, or inside a tenant-specific recovery pool. Differences can be caused by missing ledger entries, duplicate statement rows, manual spreadsheet adjustments, accruals, reclasses, exclusions, or allocation formulas that were not disclosed to the tenant. A mismatch is not automatically an overcharge, because legitimate adjustments may exist. It is still a serious audit signal because the tenant cannot verify the billed amount unless the landlord ties the statement total to the supporting accounting records. This rule treats the GL as the backup source and compares it with the statement amount so unexplained differences are identified before the tenant pays or waives review rights.
The logic
GL vs. Statement Total Mismatch in 3 passes
- 1
CAMAudit totals GL entries by category, account, and recovery pool, then compares those subtotals against the amounts shown on the CAM reconciliation statement.
- 2
CAMAudit applies tolerance for rounding and minor formatting differences, but flags material gaps where the statement amount exceeds or falls below the supporting ledger total.
- 3
CAMAudit reports the category, statement amount, GL-supported amount, variance, and available references so the tenant can request missing schedules, reclass support, or adjustment details.
What a finding cites
FAQ
Questions about gl vs. statement total mismatch
Does a GL mismatch prove the landlord overcharged me?
Not always. The landlord may have accruals, reclasses, or exclusions that explain the difference. The issue is that the statement cannot be verified until those adjustments are documented.
What mismatch amount should be considered material?
Materiality depends on the property and tenant share. Even a few thousand dollars can matter when it affects a small tenant or repeats across multiple years.
What documents explain a GL to statement variance?
Ask for the reconciliation workpaper, adjustment schedule, account mapping, accrual detail, and any excluded or reclassified account list.
Can a statement total be lower than the GL total?
Yes. That may reflect valid exclusions or caps. CAMAudit flags the variance so the tenant can understand how the recoverable pool was calculated.
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