Our financial management team will set up an accounting system for the project and work closely with you and your team to ensure that the project financial matters are handled timely and professionally. We provide professional assistance in the managing of funds and the tracking of project expenditures based on owner approved budgets.

Scope of Services

Our experienced staff will prepare do the following:

• Set up Owner Corporate Registration
• Obtain Tax Payer Identification Number
• Prepare articles of organization
• Maintain copies of corporate documents
• Serve as corporate registered agent
• Set up and maintain financial record keeping system through QuickBooks based on owner’s approved budget
• Maintain banking files and balance checkbook
• Prepare monthly financial reports to consist of Balance Sheet, Profit & Loss Statement, Budget vs. Actual Cost Report and the General Ledger
• Prepare Quarterly financial reports on the company and project for your review
• Assemble invoices and prepare a Draw and submit for approval including the Draw Summary, Draw Budget Spreadsheet with cost by month per the approved budget line item, and all supporting documentation.
• Submit Draw requests to Banks for approval (if required)
• Disburse funds based on Bank and Owner approved Draw request
• Prepare 1099’s for Payments to Vendors
• Maintain records of supporting documentation for back-up
• File tax returns by outside accountant
• Upon end of project we will prepare a close out of books and records to transfer to your records

Our Financial Management solution will require that you work closely with us in order to establish an accurate project budget upon which to proceed; a timely turn around during the approval process and prompt funding of project funds are essential to making our relationship work smoothly and profitably.

We will work closely with your representative to establish a budget and maintain updates during our relationship.

We will then compile our financial information and prepare quarterly financial reports on your company or project for your review. At the end of a project we will prepare project close file for your records.