Financial Management Services
- Professional oversight and association liaison on all financial matters.
- Maintenance of books and records necessary to document all receipts and expenses.
- Maintenance of accounts payable, expense monitoring, and preparation of payment instruments.
- Maintenance of all accounts receivable and institution of appropriate action on all delinquent accounts.
- Credit card administration (payments, reconciliations, reports).
- Online payment administration.
- Establish and maintain banking and investment accounts.
- Maintain permanent files for audit, tax and legal purposes.
- Preparation and initiation of all bank deposits.
- Bank statement reconciliation.
- Preparation and dissemination of all required financial reports including: monthly financial statements, membership dues reports, annual reports, and statements of profit/loss for meetings and programs.
- Prepare annual budget analysis and proposed budget worksheets to include historical stats.
- Evaluate and analyze financial statements, charts of account, budgets and programs.
- Consistent tracking of sales tax and annual filings.
- Maintenance of accounting of non-dues income programs (UBIT).
- Preparation of 1099 forms as needed.
- Provide books and documents to independent accountant for review or audit and tax filing purposes.
- Assistance on matters related to internal and/or external audits.
- Administration of scholarship funds.
- Track Political Action Committee contributions and distribution of funds to appropriate PAC accounts and maintain relations with outside PAC accountant, if applicable.
- Accounting and reporting for all receipts and expenses related to foundations and grants.
- Research, evaluate and present banking and investment options.
Association Management Services