Accounting Only Services For Commercial Condos

The Seattle Housing Authority (SHA) is seeking a firm to provide accounting only or financial management only services for three condominiums in which SHA has an ownership interest. The scope of work includes maintaining books and records, collecting and depositing assessments, establishing and maintaining separate checking accounts, and preparing financial statements. The selected firm will also be required to cooperate with each condominium's accountant in reviewing financial statements and preparing tax returns. SHA has an aspirational goal of 14% Women and Minority Business Enterprise (WMBE) participation in this project. • The firm will be responsible for maintaining all documents in accordance with Generally Accepted Accounting Principles (GAAP). • The firm will establish and maintain separate checking accounts for each condominium. • The firm will prepare financial statements for each condominium on a monthly basis. • The firm will cooperate with each condominium's accountant in reviewing financial statements and preparing tax returns. • The firm will provide information as required by Washington State law and as may be reasonably requested by escrow companies, appraisers, or lenders.