Accounting Services

The vendor is required to provide comprehensive accounting and bookkeeping services, leveraging existing transaction reports from the university accounting system, fy24 audited financial statements, and supporting schedules and footnotes for northwest public broadcasting.
- Responsibilities:
1. Monthly financial statements:
• Utilize existing transactional revenue and expense reports from the wsu accounting system.
• Incorporate fy24 audited financial statements and supporting schedules and footnotes to jump start creation of these important statements and supporting schedules.
• Prepare monthly financial statements and supporting schedules.
2. Annual financial statements preparation:
• Use monthly financial statements to prepare annual financial statements.
• Develop supporting schedules, roll forwards, footnotes, and management discussion and analysis (MD&A) for NWPB.
3. Catch-up effort for fy25 financial statement preparation
• Perform a one-time effort to catch up on monthly tracking and entries due to the late start in fy25.
• Immediately begin preparation for the fy25 financial statement audit.
• Prepare full financial statements, supporting schedules, and ledgers.
4. Detailed accounting records:
• Use revenue and expense transaction detail to create and maintain detailed listings of assets, depreciation, and disposals, cash balances, and other key information, to create the balance sheet.
• This tracking is necessary because the university accounting system may record these at a different materiality level than required for the NWPB financial statements.
• The university accounting system does not create nor track the detailed balance sheet accounts for radio and tv.
• Those schedules will be maintained by the successful respondent.
• Maintain out-of- university accounting system records for asset assignment, in-kind contributions and distribution between radio and tv.
• Familiarity with the accounting treatment of unique assets associated with public broadcasting (such as antennas, transmitters, towers, etc.), including contracts and lease agreements in accordance with GAAP and GASB standards.
- Deliverables:
• Separate fy25 financial statements for radio and tv, with supporting schedules, roll forwards, footnotes, and MD&A.
• Detailed asset listings, including depreciation, disposals, cash, and other essential supporting details for the audit.
• Monthly financial statements and supporting schedules for fy26.
- Timeline:
• The successful firm will start near the end of fy25, with an immediate focus on catching up on monthly entries and preparing for the fy25 financial statement audit.
- Questions/Inquires Deadline: May 02, 2025