When is the Cash Position Workbook sent to ownership and by who?
1. On the last day of the month by Operations
2. Whenever it gets done by Accounting
3. On the 15th by Accounting
4. On the 10th by Accounting
5. On the 15th by Operations
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Why is the Cash Position important?
4 -
Which of the following are responsibilities of the Operations Team for Preparing the Cash Position Workbook?
1. Responsible for completing all required tracker fields and maintaining notes on property's cash status, funding requests and client responses
2. For properties with flagged shortfalls, this team is responsible for leading the monthly meeting to review payment prioritization and strategy
3. Preparing Cash Position Workbook
4. Reviewing AP Aging Tab and entering "include" for invoices to include on the Cash Position
5 -
6 -
Where can you find the GL Scrub for a Property?
1. Monthly Workflow Calendar
2. 保险丝
3。 电子邮件
4. Gchat
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What are some preliminary financial review best practices?
8 -
Put the following in order (Month End Close):
1. Financial Review Call
2. Operations Reviews GL Scrub
3. GL Scrub Link Added to Workflow Calendar
4. Accountant Enters Contracts & Accruals
5. MONTH END CLOSE!
6. Perform Preliminary Financial Review
7. Final Adjustments Entered
9 -
财务报告
1. A financial statement that provides a snapshot of a property's financial position at a specific point in time
- 资产负债表
2. A report that displays the net income of the property once all operating expenses are deducted from income.
- 利润损失
3. A report that shows the difference between actual and budgeted amounts.
- 差异报告
4. A method of accounting that records revenue and expenses when they are earned or incurred, regardless of when the cash is received or paid out
- Accrual Accounting
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Why is it important to have clean and accurate financials?