Accounting tutor h1.location_city

• Responsible for all accounting on their assigned apartment properties, analyzing the general ledger for accurate presentation, and identifying trends/variances and notifying the Property Manager (PM) of any discrepancies/oddities.
• Accounting functions, reports, etc. are processed using MRI and Boston Post software run from a web-based environment.
• Duties are to include, but are not limited to the following areas of responsibility:
• Review general ledger account numbers assigned to invoices.
• Ensure Form W-9 is on file for vendors required to be issued IRS Form 1099.
• Review invoice amounts to ensure proper authorizations have been obtained.
• Prepare and process payable or draft forms for mortgages, insurance & tax escrow deposits, reserve for replacement deposits and other program required payments.
• Prepare and process payable or draft forms for invoices received in-house for services such as utilities, extermination contracts, insurance premiums, software, etc.
• Analyze cash requirements for weekly payment of invoices.
• Verify pre-check register to AP's and release for check printing.
• Upon receipt of the payroll labor distribution reports, prepare the cash transfer form for reimbursing the Payroll Account. Reconcile the transfer form to the labor distribution report for accuracy, and then to the general ledger for adequate funds. This must be completed on Wednesday by 2:00pm bi-weekly.
• Prepare/review the monthly mortgage worksheet for processing through MINC.
• Prepare the annual reporting package based on the information requested and forms provided by the Accounting Manager.
• Reconcile the bank statement upon receipt to the general ledger and subsidiary ledger
• Prepare and review any required management and owner reports (cash flow, balance sheet, income statement, etc.).
• Cash Management – maximize owner's return on investment by ensuring FDIC coverage by entity and recommending purchase of securities. If project is experiencing cash flow difficulties, notify management in advance so they can timely react.
• Other Duties
  • Ensure timely release/submission of all management, owner or agency reports.
  • Preparation of fixed items list (mortgage principal and interest, depreciation, amortization, etc.) for PM use and inclusion in each project's annual budget.
  • Annual Audit Package: Update certain information throughout the year; turn completed package in according to the schedule provided by the Accounting Manager; answer any questions asked by the external auditors and/or direct questions to the Team Leaders, Accounting Manager.

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