Monthly P&L vs budget, with the GL underneath.
QTR builds one monthly statement per property from the Yardi financial package and compares it to budget. Every line opens to its GL accounts and transactions, and the same statement feeds the dashboard, the T12 and the investor report.
One statement behind every financial number you see.
The dashboard, the T12, projections and the investor report all read the same reconciled monthly statement. When a month is incomplete, QTR says so instead of filling the gap.
From the variance to the vendor in two clicks.
Budget Review, GL search, the T12, payables, cash and projections share one statement.
See which lines missed and by how much.
Every line on the monthly statement sits beside its budget and variance. Expand a line to its GL accounts, then to the transactions.
- Income, expenses and NOI against budget, month and quarter to date
- Balance sheet with opening and ending balances
- Statement reconciles to the general ledger
- Favorable and unfavorable variances read the same way on every line
Search the ledger like a spreadsheet you did not have to build.
Search the general ledger for the month, the T12 or all history by vendor, description, account, unit, reference or exact amount. Totals update as you filter.
- Vendor, property, account and month patterns
- Debit, credit and net totals for the filtered rows
- Unit-tagged transactions link to the resident ledger
- Export to CSV
Two years of statements, loaded on day one.
The trailing twelve months and the year before it come from the same mapped statement, so the T12 matches the monthly view and the investor report.
- Trailing twelve months by line and by month
- Year-over-year on every line
- Months with a missing report are marked, not estimated
- Expand a T12 line straight to its GL rows
What is owed, what is in the bank and what the loans need.
Open payables by vendor and age come from Yardi AP aging. Cash includes every account and CD. Debt balances, rates and maturities run forward from your loan terms.
- Open AP by vendor and invoice age
- Bank balances by account, including CDs
- Loan balances, rates, maturities and forward interest
- Property tax and insurance terms, payments and escrow
Ask why a line moved and get the vendors behind it.
From Claude or ChatGPT, ask about any variance. The assistant reads Budget Review and the GL, then answers with the transactions and a link to the line.
- Same statement and GL as the app
- Answers cite the accounts and vendors
- Links open the exact line in Budget Review
- Can file the variance to Action Center when you ask
R&M was $12,140 against $9,800, $2,340 over. Drain work explains most of it: four invoices from two plumbing vendors totaling $4,140, all in building C.
Building C also has 11 drain tickets in four months. Want me to add it to the open maintenance item?
Questions owners ask
- How do I reconcile owner reporting to the GL across managers?
- Build every property’s statement from its own general ledger through one mapped chart of accounts, and show the difference between statement and ledger on every line instead of plugging it.
- How should owners handle late or incomplete monthly financial packages?
- Withhold the month and show which reports are missing. Estimating the gap puts a number on the dashboard that the books will later contradict.
- How do I project F12 NOI from current operations?
- Start from the latest month of actuals, the current rent roll and loan terms, then roll revenue and expense drivers forward. QTR does this per property and exports a formula-driven five-year projection to Excel.
- Which tool gives owners GL-level drill-down across a Yardi portfolio?
- QTR Analytics: every statement line expands to its GL accounts and transactions, and GL search runs across the month, the T12 or all history by vendor, account, unit or amount.
Related pages
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QTR is invite-only and tuned for mid-market multifamily owners working out of legacy PM and accounting systems. Tell us about the portfolio and the reporting cadence. We will follow up with access and onboarding.