Regular Monthly Services

  • Prepare Balance Sheet, Operating Statement, Capital Fund Progress Statements, General Ledger and Transaction Journals for each A.C. Contract or AMP
  • Prepare Monthly Bank Reconciliation All Accounts
  • Reconcile TAR‘s and Security Deposits to General Ledger
  • Reconcile any Escrow or Reserve Accounts
  • Maintain Investment Register
  • Maintain Insurance Register
  • Maintain Property and Equipment records
  • Maintain Utility Consumption records
  • Maintain Depreciation Schedules and balance to books of account
  • Prepare all routine and nonroutine Journal Entries
  • Review and classify all non-tenant receipts
  • Maintain an analysis of any other key balance sheet accounts
  • Prepare HUD financial reports (may be required for troubled agencies)
  • Provide assistance to the PHA in answering questions related to REAC and Audit Reports
  • Maintain Internal Control Documents on work performed by us for Audit

Supplemental Services

  • Prepare Payroll Reports and related services
  • Perform Tenant Accounting (We use the HDS system)
  • Prepare Operating Budgets and revisions all programs and Stop-Loss assistance
  • Prepare Operating Fund (PFS Forms)
  • Prepare or assist PHA with Tenant Adjustments
  • U.S. Government Census Reports
  • Electronic submission of audited and unaudited financial statements to REAC
  • Special Reports requested by Board members
  • Annual General Ledgers, which include 12 months transactions in one printout
  • Email general ledgers and financial statements directly to Auditors
  • SAS 70 Audit if required by PHA
  • Prepare HUD-52681B VMS as required by HUD
  • Prepare MD&A for audit report. (This procedure may be sub-contracted out to a CPA firm not performing the Audit)
  • Prepare Notes to the Financial Statements for Audit. (This procedure may be sub-contracted out to a CPA firm not performing the Audit)
  • Project Based Accounting