Housing Fee Accounting

All cash accounts of a housing authority should be posted and reconciled on a monthly basis. Financial statements are the report cards which show the housing authority and its board how they are doing.  SCI can provide our clients with any of the following services on a monthly or quarterly basis. Depending on the software used, these services can be either on-site or remote.

• Posting receipts and disbursements into client-approved accounting software
• Recording grants and other receivables earned on an accrual basis
• Updating accounts payable and providing pertinent information, as requested
• Reconciling all bank accountants and preparing financial statements for Management and Boards, to include:
  • Statement of Net Assets (Balance Sheet)
  • Statement of Activities (Income Statement)
  • Statement of Cash Flows
  • Grant Reporting
  • We can also provide non-profit corporations with Comparative Statement of Financial Position, and Statement of Functional Expense (SF-117).
• Providing assistance in getting ready for your annual audit, working with your auditor to ensure accuracy and timely reporting.
• All records will be maintained by SCI in accordance with Federal, State, and other applicable record retention laws, but will remain the property of the Agency.