Fee Accounting Services
We offer a summarized budget to actual comparison in addition to monthly balance sheet, income statement, bank reconciliation, trial balance, general ledger and transaction registers.
We provide tracking and reporting of capital asset additions and calculate depreciation in accordance with General Accepted Accounting Principles (GAAP).
At the end of your fiscal year, we prepare adjusting journal entries and supporting workpaper schedules for compliance with GAAP reporting.
As part of annual reporting, we prepare the unaudited submission and calculate a preliminary score. We also offer assistance with the audited submission.
On a monthly basis, we provide a report summarizing activity for RNP, UNP and HUD-Held Reserve. We prepare and submit monthly VMS submissions and prior month corrections, as needed.
Obtain financial statement grouping schedules and the schedules documenting the calculation of amounts included in the notes to the financial statements, and review and approve these schedules. Obtain a current disclosure checklist from the AICPA and review and answer the checklist to ensure propriety and completeness of the footnotes.
We go the extra mile with financial reporting to provide useful and reliable statements for your Low Income Housing Agency Board and Administrative Staff.