At Rector, Reeder & Lofton,  P.C. we understand that the HUD accounting can be a difficult and cumbersome process.  Often times, it is simply too expensive and time consuming to hire and train a finance team that will produce accurate and timely results. 

Through years of experience working with PHAs our team has learned the precise and effective methodology.  Our firm utilizes a team of professionals that will provide specific recommendations for improving management's compliance and control procedures. 

Monthly Bookkeeping Services:

•     Preparation of Journal Vouchers
•     Posting of General Ledger
•     Posting of Other Ledgers
•     Reconciliation of Bank Statements
•     Preparation of Investment Register

Annual Bookkeeping Services:

•     Preparation of Insurance Register
•     Maintenance of Fixed Asset Register/Depreciation Schedule
•     Budget and Subsidy Preparation
•     Preparation of the Management Discussion & Analysis
•     Preparation of the Annual Auditor Packet

Monthly Financial Statement Services:

•     Statement of Net Assets
•     Statement of Operating Receipts & Expenditures
•     Grant Cost Statements

Annual Financial Statement Services:

•     FDS Submission to REAC
•     VMS Data Preparation and Submission

For more information, please contact our office.