Accounting Services

Accounting Services

Financial Management System

We provide and maintain the high standard of services, confidence, and trust. Our goal to you is to economically and efficiently manage your condominium.
The following are the monthly services that we will provide to your corporation for your own record.
Monthly Financial Statements
Budget
Professional Financial Management
Payroll

Monthly Financial Statements

We will present to you the following statements at the end of the 2nd week of each month (as soon as we receive the bank statement).

Notes explaining any current month variances in expenditures over budget.

Accounts receivable breakdown

Summary of funds invested

Analysis of Balance Sheet accounts

Balance Sheet

Detailed breakdown of reserve fund and related expenditures

Statement of operations

Detailed breakdown of operating expenditures

Trial Balance

Accounts payable summary

Cash disbursement listing

Utility accrual listing

Bank Reconciliation

Copies of bank statements

Professional Financial Management

The following financial management services are available for your corporation:

We prepare all payables.

We ensure that the Corporation will not pay any late penalties for hydro, gas, and water bills.

We ensure that the Corporation receives its maintenance fees on time, and take all the necessary actions to collect the arrears, if any.

We prepare all financial documents for the auditors.

We set up a pre-authorized payment system with bank.


Annual Budget

Prepare Annual Budget.

Analysis and Compare Monthly Budget to actual income and expenses. Analysis the reason for under or over budget.

Regularly update the budget with the changed situations.
   

Prepare Projected Cash Flow and reconcile bank on daily & monthly basis as required.

Project all the expected payments from customers and payables to vendors in the current week and current month.

Send a request to Factor/Bank or transfer funds from/to line of credit per projected cash Flow.

Prepare a department wise monthly Collection report. Analysis the Corporate expenses and the net inflow/outflow in & from each department.

Create invoices and email to Customers on daily basis.

Check each and every Invoice with shipping packing list and the Sales order.

Send reminders to the customers regularly by email and call for the past due.

Prepare monthly Sales and Margin report by file to file and analysis.

Analysis AR Aging report regularly.