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Services

Accounting Services for Non-profits in Michigan

Budgets

  • Active participation in budget preparation and grant applications
  • Comparison of budget to actual expenditures
  • Preparation of annual operational plan and budget
  • Budget presentation to board

Reports

  • Maintenance of general ledger
  • Monthly revenues and expenditures reports
  • Monthly financial statements
  • Specialized reports to meet all funding agency requirements
  • Managerial reporting of financial highlights
  • Cash flow reports

Compliance

  • Segregation of duties
  • Document retention
  • Sarbanes-Oxley Act best practices and recommended policies
  • Grant management and compliance

Audit Preparations

  • Work papers detailing all asset and liability accounts
  • All work papers requested by auditors
  • Internal control questionnaire
  • Close cooperation with auditors during annual audit, including use of Financial One facility when necessary

Consulting

  • Department structure
  • Board involvement
  • Policy and procedure development and/or updating
  • Turnaround consulting when necessary
  • Provide continuity when employee turnover impacts organization

Payroll

  • Payroll processing
  • Reports detailing wages and hours per cost center
  • Payroll report detailing straight time, overtime, sick/vacation and training
  • Preparation of federal, state and local tax reports
  • Payroll that interfaces with general ledger
  • Comparison of budgeted hours to actual hours and budgeted payroll to actual dollars, each pay period

Accounts Payable

  • Payables Processing
  • Payables system that interfaces with general ledger
  • Assignment of payables disbursements to appropriate cost center
  • Processing of purchase orders, check requests and vendor invoices
  • Maintenance of payables
  • Establish credit with vendors or process applications
  • 1099 reporting

Billings/Accounts Receivable

  • Monthly billings
  • Monthly reconciliation of revenue to contract
  • Monthly accounts receivable detail per consumer/cost center
  • Review of grants and award letters
  • Grant and fee-for-service billing
  • Review and follow-up on open items
  • Accounts receivable aging, collections and sending; follow up of monthly statements

Banking

  • Monthly bank reconciliations
  • Monthly review of cash receipts
  • Process stop payment requests
  • Enhance banking relationships
  • Cash flow projections