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.

How the Solar Energy Credit Can Benefit Your Tax Returns

Solar panels have emerged as a popular alternative source of energy as people seek sustainable ways of living. The federal government supports this effort by offering a solar energy tax credit to encourage homeowners to install solar panel systems on their homes. This credit provides financial incentives that can help offset the cost of installation,…

2023 Retirement Plan Limits for 401(k) and IRA

Retirement planning is an important aspect of financial management, and as we head into 2023, it’s essential to know the latest contribution limits for retirement plans such as 401(k) and IRA. The IRS has announced new contribution limits for 2023, which will impact the amount you can contribute to your retirement plan. Additionally, some employers…

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 organizations develop their strategic plan and improve their processes, and leading organization-specific peer groups. Our Strategic Planning Workshop was a time of learning, innovation, and organizational/individual development. Want to know how we pulled this off? Continue reading below to discover the highlights and key takeaways from this exclusive event. HIGHLIGHTS FROM THE 2022 NPO STRATEGIC PLANNNING WORKSHOP Benefits of a Strategic Plan in Action: Allows an organization to be proactive rather than reactive Increases program effectiveness Makes the organization durable and flexible Creates accountability Creating Accountability: You will need a leadership team – one individual can’t do it all Put the right people in the right seats Let go of any unnecessary and over-complicated processes that don’t work for you Having the Right People: The right people should share core values and their position should be based on unique ability They should align with the organization's values personally They should thrive within the culture of the organization and make it a better place Keys to Strategic Planning Success: Have a unified leadership team Facilitate effective communication and accountability Adjust continually Simplify, delegate, predict, systemize and structure Operate with only one system Be open-minded, growth-oriented and vulnerable Get It/Want It/Capacity:

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...

Explore All