Flock Status!

Agenda Accrual Accounting Webinar Managing Section 8 in TAR Correcting Data What do we need from you by next Flock Call?

Accrual Accounting Webinar On the Migration Website we encourage the Housing and Accounting staff to watch the Accrual Accounting Webinar. During next flock call we can take a few minutes to answer any questions that you may have regarding the Accrual Accounting.

Managing Section 8 in TAR GL Account Mapping Need to create in General Ledger Liability Account #’s for each S8 Project New Liability Accounts will be added to HAP Account in TAR after migration After Initialization CASH ACCOUNT A/P (ACCRUAL) Account EXPENSE ACCOUNT ADMIN FEE ACCOUNT Debit Credit   18,616.00 111.69 After Check Processing CASH ACCOUNT A/P (ACCRUAL) Account EXPENSE ACCOUNT ADMIN FEE ACCOUNT Debit Credit 18,616.00  

What do we need from you? Check Formats (S8 only) Signatures – where are they? (S8 only) Liability Account – HAP Liability Account – URP Liability Account – Admin Fees Liability Account – Port In A/R for the Payments from your initial receiving PHA AND….other homework assignments from previous calls Notes: Multiple liability accounts are expected. Multiple expense accounts are needed if you have multiple S8 programs. We will need to know the revenue account for Admin Fees associated with incoming ports

Thank you for joining us today!