Related Party Transactions (Multi-entity portfolios only)
| Structural Design/Setup | | | | | |
| Design, Test, Formalize and Document all multi-entity workflows | Y | | Y | | |
| Review/Verify, Adjust/Create & document SOPs for multi-entity processes. | Y | | Y | Y | |
| Does each entity have a separate bank account? | Y | | Y | | |
| Are Clearing Accounts or inter-entity AR/AP accounts being used? | Y | | Y | | |
| Review & recommend 3rd party AP/AR/Payroll solutions for integration | Y | | Y | | |
| Review & recommend/create a Close Checklist - M/Q/Y to enhance compliance & accurate reporting | | Y | Y | Y | |
| Design & implement metrics to measure trends & catch inefficiencies. | | Y | Y | | |
| Train, coach, counsel, mentor, manage Accounting Lead | Y | Y | Y | Y | |
| Review/research/implement/manage ERP | Y | | Y | | |
| Design, test, implement Accounting Information Systems | Y | | Y | | |
| Procedural Design/Setup | | | | | |
| Review/monitor/reconcile inter-entity AR & AP balances | | | Y | Y | |
| Identify discrepancies, provide adjustments. | | | Y | | |
| Review/monitor/reconcile related party recurring transactions; | | | Y | Y | |
| Rents | | | Y | Y | |
| Utilities | | | Y | Y | |
| Insurance | | | Y | Y | |
| CAM | | | Y | Y | |
| Credit Cards | | | Y | Y | |
| Loans/Cash transfers/Promissory Notes | | | Y | Y | |
| Equity transfers | | | | | |
