Fee Accounting

Fee accounting for housing authorities is similar to other accounting services except it’s specific to the housing industry. We understand the unique financial data system for PHAs and can help complete schedules, receive less rejections when submitting to HUD, and more.

The reality is that some housing authorities don’t have the financial resources for an in-house CFO. SMCo offers the option for a knowledgeable and trained fee accountant to do CFO responsibilities at a capacity that’s much more feasible for housing authorities on a budget.

Maybe you’re unable to afford a full-time controller or CFO but believe your housing authority would benefit from professional financial advice. Our housing authority fee accountants provide financial expertise at a fraction of the cost needed to hire a full-time CFO or controller.

No matter the case, our fee accounting services could be the solution for you. Some fee accountant responsibilities include:

  • budgeting and HUD/REAC year-end reporting

  • work papers for independent auditors

  • bank reconciliations

  • journal entries adjustments

  • receipts recording and disbursements

  • custom financial reports

  • FDS submissions

  • cash flow preparation

We also provide PHA year-end closing to reduce the headache and reporting requirements with the unaudited FDS submission. For many businesses, the end of the year is already stressful enough. This is when you need the most help. Maybe you don’t have enough staff members or simply don’t have the expertise — either way, our team of professionals will help ease your year-end responsibilities.

Assess your specific needs

Design a package that best suits you

We handle everything else while you relax

Set up a call today to start the conversation.

Get in-touch with the Smith Marion & Co. team today to schedule your free consultation.

Related Articles

Highlights from NPO Strategic Planning Workshop

We at SMCO were able to launch our NPO Strategic Planning Workshop on August 4th, 2022. Kendra Dockham and Hannah Baldwin led the seminar. Kendra has over 10 years of experience in the industry, with one of her specialties being setting organizations up for success. Hannah Baldwin is an experienced facilitator who specializes in helping...

How to Avoid ERC Scams

ERC, or Employee Retention Credit, is a tax credit available to businesses that kept employees on payroll through the slowdowns and shutdowns that occurred as a result of the COVID-19 pandemic. This tax credit was created to help small businesses whose operation was significantly affected by these disruptions. After its initial introduction in March 2020,...

3 Important Areas of Business Growth That Occur Over Time

Overview: Common ways businesses develop over the years, and how your company compares Both for-profit and nonprofit companies develop over the years in ways they likely didn’t anticipate in the beginning stages. This is normal – but it could also be challenging. What are some common business development areas that many businesses experience, and how...

Small Business Tips: How to Develop a Good Work-life Balance

Overview: Learn what a good work-life balance looks like and how to accomplish that for you and your team We hear a lot about work-life balance these days more than ever. But did you know that several statistics show that more than 60 percent of U.S. employees feel like their work-life balance is out of...

Housing Authority Peer Group Review: 2022 Spring Connection Meeting Highlights

Overview: See what took place at the Spring Connection Meeting for housing authorities in Charleston, South Carolina  this past May The Spring Connection Meeting took place in May this year in beautiful Charleston, South Carolina, and was a huge success! The SMConnection team is happy to announce that we were able to gather individuals together...

9 Surprising Benefits of Short Daily Walks (Only 15 Minutes Per Day)

Did you know these surprising benefits of walking for 15 minutes each day?  If you’re looking for ways to improve work productivity, this one’s for you Work is important, but we’re not only about work. The Smith Marion team is excited to partner with Wellsteps to offer a wellness platform to our team members. Through the Wellsteps...

Menu