CAS+

Client Accounting and Advisory Services

Enjoy dedicated client accounting and advisory services exclusively for LvHJ’s non-audit clients. We call it CAS+.

After decades of involvement in national affordable housing industry audit and accounting standards as well as not-for-profit audits and tax strategies, we understand your world. Although you must observe strict reporting and financial compliance, limited staffing can challenge internal controls or delay timely financial reporting. LvHJ can help.

Access more than 30 dedicated professionals with U.S.-based management oversight and consulting. Choose from our flexible outsourcing structures for timely and cost-effective results.

Whether you want independent accounting oversight, 24/7 support for your finance staff or interim staffing for open positions, LvHJ designs CAS+ solutions that work best for you. We are professionals for good.

Young couple hugging their dog on their couch

Services

Personalize your outsourcing engagement by selecting only the services and team structure that you need. We will design and deliver services monthly, quarterly, annually ¾ with effective advisory oversight and proper guidance throughout the year.

CAS+ for Affordable Housing Accounting

Bookkeeping and Financial Reporting

  • Record financial transactions, including revenue, expenses, assets and liabilities
  • Process client-specific requests such as preparation of supporting documents for internal and external fund transfers and coordination with other departments that handle the actual recording of financial transactions
  • Prepare recurring and adjusting journal entries
  • Prepare account reconciliation including bank reconciliation
  • Prepare financial reports such as but not limited to:
    • Monthly, quarterly and annual financial statements
    • Account analysis
  • Financial reports as required by various stakeholders
  • Ensure adherence to generally accepted accounting principles (GAAP) and relevant regulatory requirements

Receivables/Payables Management

  • Generate invoices
  • Monitor receivables and follow up on outstanding payments
  • Create vendor accounts
  • Process vendor invoices and vendor expense reimbursements
  • Ensure timely and accurate payment of bills and expenses

Budgeting

  • Collaborate with relevant stakeholders to prepare annual operating budgets
  • Monitor budget performance and provide periodic reports

Audit Preparation

  • Prepare audit schedules and analysis
  • Coordinate with your audit firm regarding audit processes and facilitate audits

Other Services

  • Recommend process and/or internal control improvements
  • Assist in setting up accounting systems and procedures
  • Prepare and monitor development draw packages
  • Prepare reserve pull packages
  • Prepare and file Form 571L/571R
  • Assist in implementing new accounting standards such as ASC 842 Leases

AND Review of draft audited financial statements (from your audit firm)

CAS+ for Not-for-Profit Accounting

Bookkeeping and Financial Reporting

  • Record financial transactions, including revenue, expenses, assets and liabilities
  • Process client-specific requests such as preparation of supporting documents for internal and external fund transfers and coordination with other departments that handle the actual recording of financial transactions
  • Prepare recurring and adjusting journal entries
  • Prepare account reconciliation including bank reconciliation
  • Prepare financial reports such as but not limited to:
    • Monthly, quarterly and annual financial statements
    • Account analysis
    • Financial reports as required by various stakeholders
  • Ensure adherence to generally accepted accounting principles (GAAP) and relevant regulatory requirements

Receivables/Payables Management

  • Generate invoices
  • Monitor receivables and follow up on outstanding payments
  • Create vendor accounts
  • Process vendor invoices and vendor expense reimbursements
  • Ensure timely and accurate payment of bills and expenses

Grant Accounting

  • Establish a tracking system for grants received and disbursed
  • Prepare grant expenditure reports for compliance and reporting purposes
  • Ensure adherence to grant-specific regulations and requirements

Budgeting

  • Collaborate with relevant stakeholders to prepare annual operating budgets
  • Monitor budget performance and provide periodic reports

Audit Preparation

  • Prepare audit schedules and analysis
  • Coordinate with your audit firm regarding audit processes and facilitate audits

Other Standard Services

  • Recommend process and/or internal control improvements
  • Assist in setting up accounting systems and procedures
  • Review sub-recipient reimbursements
  • Assist in implementing new accounting standards such as ASC 842 Leases

AND Review of draft audited financial statements (from your audit firm)

Questions?

Contact:
Charlotte Tay, CPA, CGMA
Partner

What Our Clients Say…

The Lindquist team has been very flexible with us. For example, we had someone take an unexpected leave, and they continued to work on the accounting for those properties during that time. In addition, they supported our accounts payable team within a day’s notice, and that wasn’t even in our initial contract. They jumped in, learned our process, and helped us process thousands of invoices within days so our vendors could get paid.
Delphine Sherman, EVP & Chief Financial Officer
BRIDGE Housing, property management and community services for the affordable housing niche

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