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