FMA can keep records for your fraternity, sorority, or House Corporation. Our Accounting Manager balances bank statements, deposits monies, and keeps copies of all financial records as required by the IRS. Some of the other services include issuing checks for monthly bills, monthly financial reports, assisting chapters in budgeting, accounts receivable, membership billing, and assisting in 990 reporting for the federal government. A payroll service is also available to generate paychecks, calculate deductions, and handle all tax reporting.
FMA can do some or all of your bookkeeping for you
Services include Billing Members, Paying Bills, and Preparing your year-end 990 Form. Here is a Highlight of our Bookkeeping service.
Complete income and expense statements
Mailed or emailed to advisors, house corporations, and national office as needed
Quarterly Member Billing
Preparation of a standard bill
Current member statement
Mailed to Provided Address
Prepare and File your annual 990 tax return
Computerized Book-Keeping System Customized to your Organization
Write Checks to Pay Bills
The treasurer must sign all checks
Prepare Deposits and Take to the Bank
Reconcile the Checking Account
Provide Current Accounts Receivable List
Assist in the Budgeting Process By Providing Past Income and Expense Reports
Automatic payment for all payroll taxes
Issue W-2’s at year-end
Calculation of deductions
Please contact Cathy Scowden for a price quote if you are interested in retaining bookkeeping services for your chapter. We can customize our services to suit your needs! Please note there are additional minimal fees for outsourced payroll.
Services Provided for an additional cost:
Letters to IRS
Accept Credit Cards for member payments
FMA also provides financial services for Alumni housing corporations. Services include preparation of checks and depositing of receipts, record-keeping, preparation of financial statements, and preparation of proper income tax returns. Let your Alumni groups know about this great opportunity!