GLS Financial and Accounting Services
We offer a number of financial, accounting and bookkeeping services for your Fraternity, Sorority, House Corporation or Foundation. Please reach out to us to learn more.
Accounting Services We Offer
Accounting Services We Offer
- Full Accounting & Bookkeeping Services
- Invoice processing & payment
- Short-term & long-term budgeting
- Balance sheet & income/expense reporting
- General ledger reporting
- Payroll processing & reporting
- Room & board payment processing
- Associate member & member housing agreements & contracts Federal, state & local tax returns
- 501c3, 501c7 & 501c9 accounting
Accounting
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Preparation of customized financial statements
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Assistance in budget preparation
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Reconciliation of bank accounts
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Consultation with problem areas
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Preparation of IRS form 990 and/or 990N Consultations with chapter treasurers, house directors, and house corporation members
Accounts Receivable
- Preparation and emailing of member billings
- Preparation and emailing of member statements
- Receive payments and make deposits to your bank accounts
- Daily posting of transactions
Accounts Receivable Management
- Monitoring of member accounts
- Collection of problem accounts through national collection agency
Accounts Payable
- Timely payments to vendors
- Maintain relationships with vendors
- Preparation and mailing of checks
- Preparation of Form 1099
Payroll
- Maintenance of employees earnings records
- Quarterly tax returns
- W-2 forms
- Timely tax deposits
- Correspondence with IRS
- Timely garnishment remittances
Interested in GLS Services?
Our services utilize QuickBooks Online (QBO), a leading cloud-based accounting platform, to deliver efficient, secure, and transparent financial management tailored to a Fraternity, Sorority, House Corporation or Foundation needs. Key features include:
- Real-Time Financial Tracking: Automatically categorize donations, expenses, and grants with bank feed integration, reducing manual entry and ensuring accuracy for cash flow visibility.
- Comprehensive Reporting: Access customizable Balance Sheets, Profit & Loss Statements, and Cash Flow Analyses, with export options to PDF/Excel for Board presentations.
- Mobile Accessibility: Manage finances on-the-go via the QBO mobile app (iOS/Android), enabling receipt scanning, expense approvals, and report access anytime, anywhere.
- Secure Collaboration: Role-based access for the Treasurer and designated CPAs, with automatic backups and audit trails to support IRS compliance and audits.
- Integration and Automation: Connect with over 300 apps (e.g., PayPal, Google Workspace) for seamless payment processing and automated workflows, such as batch invoicing and transaction rules.
- Tax Preparation Support: Built-in tools for Form 990 preparation, streamlining year-end filings with exportable data for CPA review.
Our services utilize QuickBooks Online (QBO), a leading cloud-based accounting platform, to deliver efficient, secure, and transparent financial management tailored to a Fraternity, Sorority, House Corporation or Foundation needs. Key features include:
- Real-Time Financial Tracking: Automatically categorize donations, expenses, and grants with bank feed integration, reducing manual entry and ensuring accuracy for cash flow visibility.
- Comprehensive Reporting: Access customizable Balance Sheets, Profit & Loss Statements, and Cash Flow Analyses, with export options to PDF/Excel for Board presentations.
- Mobile Accessibility: Manage finances on-the-go via the QBO mobile app (iOS/Android), enabling receipt scanning, expense approvals, and report access anytime, anywhere.
- Secure Collaboration: Role-based access for the Treasurer and designated CPAs, with automatic backups and audit trails to support IRS compliance and audits.
- Integration and Automation: Connect with over 300 apps (e.g., PayPal, Google Workspace) for seamless payment processing and automated workflows, such as batch invoicing and transaction rules.
- Tax Preparation Support: Built-in tools for Form 990 preparation, streamlining year-end filings with exportable data for CPA review.
Partial List of GLS Accounting Clients:
Delta Chi Fraternity, Delta Chi Fraternity Foundation, Delta Upsilon Fraternity, Tau Kappa Epsilon, Acacia, Delta Upsilon Eductional Foundation, Phi Sigma Rho Sorority, Delta Tau Delta, Kappa Sigma, Delta Sigma Phi Fraternity, and Triangle Fraternity.