Accounting

Accounting is the foundation of Kompas rather than a separate purchase bolted on beside it, so the general ledger sits underneath every lease, rent invoice, service ticket and vendor payment you process. When a lease is executed, its terms translate into the accounting system automatically for invoicing and receivable tracking. When a payable is approved and paid, the ledger and your bank position move in the same step. There is no export between a property management system and an accounting system, because there is only one set of books.

Yes — Kompas replaces the property management software plus separate accounting software setup most operators run, because rent collection, leasing, maintenance and financial reporting all post to the same general ledger. If you run Building Stack alongside QuickBooks today, Kompas removes the second system and the exports between them. Service tickets, rentable items, renewals and payments each carry their own GL coding, so your trial balance, profit and loss and rent roll come out of the platform rather than out of a workbook someone maintains by hand.

Your financial position updates as transactions post, so you do not wait for month-end to see where a property stands. Rent invoices post on the first of the month, payments made through the platform reconcile as of their settlement date, and approved payables hit the ledger as they are approved. Profit and loss, balance sheet and AR listings can be run at any point in the period, scoped to one building, one owner or the whole portfolio. Net operating income is read off the same live ledger rather than rebuilt afterwards.