Prema LLC provides Financial Services for a large variety of applications.

Accounting Services

Accounting – We provide support to the following Tasks

  • Maintain chart of accounts and general ledger.
  • Maintain customized account codes.
  • Track revenue and expenditures by fund – e.g., Title I funds and expenditures.
  • Provide training of appropriate personnel on accounting procedures and practices ensure accurate record keeping.
  • Transaction recording – record in detail all transactions in a computerized accounting system.
  • Prepare and record journal entries and maintain the general ledger according to accepted accounting standards.
  • Bank reconciliations.
  • Generate financial reports as requested.

Financial Statements – We provide support to the following Tasks

  • Preparing monthly and year-end financial statements.

Audit Services – We provide support to the following Tasks

  • Provide audit support.

Finance Services

Budgeting Support

  • Help Prepare annual and multi-year operating and capital budgets including cash flows.
  • Help with Budget revisions.
  • Advice on monthly budget forecasts.

Financial Statements Analysis

  • Prepare and present financial statement analysis.
  • Monitor monthly cash flow projections.
  • Customized financial analysis.
  • Support in resolving financial issues.

Accounts Receivables

  • Help Verify the Client is receiving the correct amount of funds.
  • Help in Revenue collection.

Process Consulting

  • Help the Client develop financial and operational policies and processes designed to help protect from financial mismanagement and improve efficiency.

Grants Management (Federal, State and Local)

  • Federal Grant applications.
  • Drawdown requests.
  • Budget revisions.
  • Fund accounting.

Book Keeping

  • Help with Bookkeeping tasks – enter bills, checks, deposits etc., into accounting software package.

Accounts Payable

  • Accounts payable – Help process all invoices, prepare checks for issuance and code them in the financial software.
  • Help to ensure there are no double payments or double billings on multiple invoices. Troubleshoots payment issues with vendors.

E-Rate Management

  • E-Rate forms – submit all necessary e-rate forms for Priority I services.
  • Reimbursements/Discounts – submit reimbursement requests or ensure that the Client is receiving discounts for e-rate-approved Priority I services.