Services
Greek Resource Services prides itself on building positive relationships with campus-based fraternity and sorority professionals. GRS provides a wide range of web-based services to assist fraternity and sorority professionals do their jobs. Our services include:
Chapter Services
Accounting
- Preparation of customized financial statements
- Assistance in budget preparation
- Reconciliation of bank accounts
- Consultation with problem areas
- Preparation of Form 990 and/or 990-T
- Consultations with treasurers, house directors, and house corporation members
Accounts Receivable
- Maintenance of membership records
- Preparation and mailing of member billings
- Preparation and mailing of member statements
- Receive payments and make deposits to your bank accounts
- Accept Visa/MasterCard/Discover/American Express/Electronic Checks
- Daily posting of transactions
- Connection to client portal for accounts receivable reports
Accounts Receivable Management
- Monitoring of member accounts
- Mailing reminder and delinquent letters to members
- Collection of problem accounts through national collection agency
Accounts Payable
- Timely payments to vendors
- Maintain relationships with vendors
- Preparation and mailing of checks
- Preparation of Form 1099
Payroll
- Maintenance of employees earnings records
- Quarterly tax returns
- W-2 forms
- Timely tax deposits
- Correspondence with IRS
- Timely garnishment remittances
Returned Checks
- No cost collection of returned checks
- Notification when checks are returned and paid
Cash Management System
- Encourages fiscal responsibility
- Accounting services
- Maintenance of checking accounts
- Accounts payable disbursements
- Payroll disbursements
- Controls chapter spending