Finance and Accounting Materials Services Sample Clauses

Finance and Accounting Materials Services. 1. The Management Company will provide finance and accounting materials and services for the Development. The finance and accounting materials and services provided shall include all functions customarily attributable to bookkeeping services. These services shall include maintaining and reconciling Rent Accounts and Escrow Accounts, performing all required payroll recording procedures, posting all expenditures according to an approved chart of accounts compatible with the annual audit requirements, and providing accountability concerning resident rent payment receipts. It is specifically understood that in essence all finance and accounting that otherwise would be done at the Development by full or part-time bookkeeping personnel and paid for by the Development will be performed by the Management Company in accordance with this Contract.
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Related to Finance and Accounting Materials Services

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