Lil' Ledger
What are the 2 payment methods in which deposits are received?
Electronic and Paper Check
How often are inspection draws requested?
Weekly
When are checks issued?
Tuesdays & Thursdays
How often is the business plan updated?
Biannually (will accept December & June)
How many bank accounts do we reconcile?
13
What do we obtain loans on?
Land, Lot Development and Home Construction
What are the thresholds for utilities?
Electric $150
Water/Sewer $100
Gas $50
Who handles our Financial Audits & Tax Preparation?
CPAs and External Auditors
Name one of the month end processing activities that I perform.
Recurring Entries, Bank Reconciliation, General Ledger Reporting (either one of these responses is acceptable)
What is the Bank Inventory Report?
Tracker for all loan details and activity
What types of work do we process invoices for?
Work not related to a specific house or land cost
What are the 3 primary financial reports?
Income Statement
Balance Sheet
Financial Scorecard