Accounting and Finance
Accounting and Financial Services Provided
Charge Notices:
- Distribute monthly statements for rent
- Distribute other charge notices
Collections:
- Receipt of rent received
- Receipt of electronic fund transfers, if applicable
- Timely journal entry daily
- Timely deposit of fees collected
Delinquency Follow-Up:
- Late charges assessed and referrals to the attorney will be made in accordance with the policies of the owner
- Collection follow-up as well as liaison with the attorney as required
Bill Verification and Payment:
- Receive and record bills
- Verify satisfactory performance and approve bills before payment
- Enter all payments in appropriate accounting journal
Financial Report Preparation:
- Balance sheet and income statement, prepared in accordance with generally accepted accounting principles
- General ledger
- Cash receipts journal
- Cash disbursements journal
- Bank statement for each account
- Bank reconciliation for each account
- Schedule rent receivable
- Schedule of accounts payable
Year-End Financial Report:
- Preparation of year-end financial statement, prepared in accordance with generally accepted accounting principles
- Provide coordination and collection of financial data for outside accountant, if applicable
Tax Preparation:
- Preparation of year-end federal and state income tax returns, if applicable
- Preparation of quarterly employment tax returns, if applicable
- Preparation of Form 1099s at calendar-year end
Budget Preparation and Long-Range Planning:
- Preparation of recommended annual budget for the following fiscal year
- Annually update asset-life study
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203-375-1678 | 203-431-9466 | Fax: 203-375-0903 | thomasrich@optonline.net | ||
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D.A. Rich Company, LLC |
Foot of Broad Street, Suite 208 |
P.O. Box 789 |
