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Charter Schools

USFAAF

With an excess of 65 years of combined accounting, finance, tax and consulting experience, (USFAAF) will provide your charter schools with the most comprehensive financial and accounting management services.

USFAAF has been developed to be one of the most trusted business and tax advisor to more than 500 clients including many charter schools. We have developed a dedicated team only focus on charter schools financial and business solutions. USFAAF school support team consist of highly motivated CPA’s, tax advisors and senior accountants, with one focus to maximize your school financial success.

We seek to offer several options to make communication efficient and effective. All our clients are provided access to our online systems for no additional fees.

USFAAF and Todays Technology

We seek to invest in our employees as well as the latest technology today. While an onsite meeting is the most effective way to communicate with our clients, we have managed our technology platforms to handle your school service needs in the current pandemic situation. When the distance or time are restricted, we continue delivering our services effectively.

Uniform Financial Accounting and Reporting Standards – UFARS are the standards in which Minnesota School districts, charter schools, cooperative districts, and area learning centers must use for financial reporting.
USFAAF team will provide your school with the most up-to-date information regarding changes to reporting requirements for operational ease.

 

USFAAF handles the financial management & consulting to enable your school with the proper information at the right time, cost effectively.

USFAAF core services provided to your school includes monthly financial reporting, budget forecasting, cash and liabilities management, audit management (fund reconciliation) (state or school district compliance reporting), affiliated building company (ABC) accounting, tax, & financial reporting, board financial training and business support, and business process review & engineering

Our highly skilled CPA’s handle your information carefully reviewed, submitted, approved, and processed timely. Confidence, confidentiality and trust are fundamental principles for our firm.

The core services provided within accounting, taxes and payroll services are accounts receivable processing, accounts payable processing, bank reconciliations, detailed revenue and expenditures tracking within UFARS fund classification, audit workpaper preparation and support, 501(c)(3) designation, and annual tax preparation IRS 990 filing.

USFAAF Payroll processing services include payroll entries and delivery, new hire reporting, employee access state and federal form access, state unemployment insurance management, garnishment and other employee deductions service background checks, and tax filing including IRS fand state payroll forms such as 940, 941 MN withholding, MN SUI