GENERAL
LEDGER/PAYROLL
LEDGER/PAYROLL
This document has 38 pages to be reconciled at the end of every month.
What is the DSI Operating Bank Account Statement?
AP processed 9,381 invoices from this vendor last year.
What is Trane?
There are 405 of these in our AR system.
What is amount of active AR customers?
The number of active jobs for System Solutions and for Contracting.
What is 480 for System Solutions and 196 for Contracting?
This happens the first three business days of every month in Finance.
What is preparing the Financials for the previous month?
Damuth is required to currently have 28 of these on file, to be able to provide service to our customers.
What are Business Licenses?
Once a month Damuth pays this Vendor class.
What are subcontractors?
These are required for a customer to set up an AR account with Damuth.
What are a Credit or COD application, Contractor's License and EPA Certification?
The number of Customers that require Online Billing.
What is 160?
The adjustment of revenue that has been earned, but not recognized or of an expense that has not been received.
What is an accrual?
In 2022, all Damuth associates are factored in the total of 503,553.12.
What is the number of hours paid (including Regular, OT, PTO, Holiday, and Volunteer)?
Damuth Trane Collects and pays sales tax to these 2 states
What is Virginia and North Carolina?
This amount reflects the total AR balance as of 07/18/2023.
What is $17,445,265.58?
This happens in System Solutions when material posts to the job and in Contracting once a month when PMs complete their workbooks.
What is Job Cost billing?
These represent all transactions that are allocated to applicable departments and the description of the expense.
What are General Ledger codes?
401K, 401K Non-Discrimination Testing, Worker’s Compensation, General Insurance Liability, Inventory and Financial are examples of this.
What are Damuth's annual audits related to the Payroll Accountant?
Doclink New Vendor Smart Form Listing.
What is the first step in requesting a new vendor?
This is the average number of Days Business Outstanding for credit account invoices.
What is 38.9 days (June)?
YTD: 43.1 days
This process is done every 3 months and sends a job to history.
What is hard close?
The method of accounting for the allocation of a prepaid expense over a specific period of time.
What is amortization?
This applies to Damuth performing on federally funded contracts.
What is The Davis Bacon Act?
There are 138 of these in our AP system.
What are active vendors?
This is located in GP, on the customer's card, to assist all departments in determining the credit/account status of an AR account.
What is the stoplight?
The process completed twice a month for Damuth to be reimbursed by Trane for Variation/Warranty Claims.
What is a Trane Check Request?
FINAL JEOPARDY - These are the Rules and Standards of business Accounting.
What is GAAP (Generally Accepted Accounting Principles)?