PRODUCTS - FHA Software Accounting Features

Accounting features are built-in to FHA Software, eliminating the need to integrate, interface or import data elements from another module or third party product. FHA Software is the only software program that truly provides compliance and accounting in one software solution. As it is throughout FHA Software, the accounting feature is not locked in time. Tenant receivables are automatically charged, eliminating the monthly close-out or tenant charge process required by other accounting software. The accounting feature is also not project entry specific. A/R, A/J, and A/P entries for multiple projects can be entered at the same time, at the same entry window. Both Cash and accrual accounting methods are supported. All applicable Security Deposit Refund entries are automatically created in a one step process. Activating a mid-month move-in certification automatically charges Security Deposit and pro-rates first month rent. The same applies to mid-month move-outs with last month pro-rations. Creating A/P and Tenant A/R entries for project maintenance is done from the Work Order window. In essence, entries effecting the accounting feature are created throughout the FHA Software program, not just within an accounting window. This is truly seamless compliance and accounting functionality.

Small projects and large management agents that want simple accounting capabilities, without integration hassles and entry restrictions are ideally suited for FHA Software's built-in Accounting feature.

The following menu options are available in FHA Software's - Accounting menu section ...

Accounting Defaults
Tenant Charge Codes
Payment Alerts
Bank Accounts
Vendor Accounts
Chart of Accounts

A/R - Tenant Payment Entry
Recurring Tenant Charges
A/J - Adjustment Journal Entry
A/P - Check Disbursement Entry
A/P - Check Disbursement Summary
A/P - Aged Payables Report
A/P - Check Listing
Check Printing Process
Void Check Process
Bank Reconciliation

Bank Balance Summary
Balance Sheet
Trial Balance
Operating Statement (MTD & YTD Actuals)
Operating Statement (MTD & YTD Actuals with Budgets)
Operating Statement (MTD Budget Comparison)
Operating Statement (YTD Budget Comparison)
Operating Statement (12 Month Report)
General Ledger Summary
General Ledger Detail (Portrait)
General Ledger Detail (Landscaped)
Batch/Deposit Report
Check Register Report
Vendor Ledger Report
IRS 1099 Form Processing

Rent Roll Reports
Rent Statements
Tenant Ledger Summary
Tenant Ledger Detail
Delinquent Rent Report
Security Deposit Summary
Security Deposit Detail
Security Deposit Interest Refunds
Security Deposit Refund
Security Deposit Historical Entry
Certificate of Rent Paid (CRP)

Close Batch Process
Close Month Process
G/L Posting Utility
Purge A/R Entry Detail
Purge A/J Entry Detail
Purge A/P Entry Detail