Year-End Close

When you need all your accounts reviewed and adjusted to ensure they accurately reflect the activities for the fiscal year, it could be dreadful just to think about. But there’s no better accounting partner to assist with your year-end close than an SMCo auditor!

We analyze your general ledgers and provide adjusting and closing entries prior to an independent audit.

 PROVIDE AUDIT-READY WORK PAPERS

 PREPARE AND SUBMIT YOUR HUD-REQUIRED FINANCIAL DATA SCHEDULE (FDS) TO OBTAIN THE HIGHEST POSSIBLE SCORES FOR YOUR FASS AND MASS REPORTING

 SUBMIT THE FDS TO HUD’S REAC IN THE REQUIRED TIME FRAME

 DELIVER AN ANALYSIS OF YOUR OPERATING RESERVES

 PROVIDE A REPORT OF OBSERVATIONS AND RECOMMENDATIONS TO ENSURE HUD COMPLIANCE, IF REQUESTED

 DETERMINE BEST BUSINESS PRACTICES FOR YOUR HOUSING AUTHORITY

We understand that a year-end close could be difficult because it’s the final step in the accounting cycle before preparing your financial statement. You have to review everything from the year — and that’s a lot of information. Thankfully, our accountants can take that load from you. We’ll nicely tie up your year-end close and set you up for a smooth audit as a result.

OUR SIMPLE 3-STEP SOLUTION

TRIAL BALANCE

We receive the trial balance from you

PREPARATION

We prepare everything

RELAXATION

You relax

Simply put: You will be happy because the year-end closing procedure is off your plate; your auditors will be happy because we know what auditors want; we’ll be happy because we just helped make your job easier. It’s a win-win for everyone!

Contact us today so we can start the conversation.

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

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