Greek Organization Accounting

Accounting, Bookkeeping & Tax Services for Fraternities, Sororities and House Corporations

Managing the finances of a fraternity, sorority, or house corporation demands specialized accounting experience. Greek organizations handle member dues, bill payment, budgeting, payroll, bookkeeping, tax preparation, financial reporting, and annual officer transitions that most businesses never encounter. Schultz & Associates, CPA provides comprehensive Greek organization accounting services to fraternities, sororities, and house corporations throughout the United States. Through secure cloud technology, our professionals deliver accurate bookkeeping, member invoicing, accounts payable, budgeting, payroll, tax compliance, and monthly financial reporting regardless of your location.

Erin Szalai leads our Greek organization accounting services. Erin works directly with multiple Greek organizations, providing monthly bookkeeping, bill payment, member invoicing, budgeting, financial reporting, payroll coordination, tax preparation, and ongoing accounting support. She understands the challenges that accompany annual officer transitions and helps new treasurers assume their responsibilities with confidence. Rather than rebuilding your accounting processes every year, your organization gains a knowledgeable accounting professional who provides continuity from one leadership team to the next.

Complete Accounting Services for Greek Organizations

Every Greek organization operates differently. Some chapters focus on member activities and philanthropy, while others manage housing, employees, meal plans, major renovations, and long-term capital improvements. House corporations often oversee significant assets and financial obligations that require accurate accounting and timely reporting.

Our professionals tailor our services to meet the needs of each organization. We become an extension of your leadership team, allowing officers to focus on leading the chapter instead of struggling with accounting software, reconciliations, and reporting deadlines.

Our Greek organization accounting services include:

• Monthly bookkeeping
• General ledger maintenance
• Bank and credit card reconciliations
• Accounts payable and bill payment
• Member invoicing and dues tracking
• Nonprofit Guidance
• Accounts receivable management
• Budget preparation
• Budget-to-actual reporting
• Monthly financial statements
• Balance sheets
• Income statements
• Cash flow reporting
• Payroll processing and payroll tax reporting
• IRS tax preparation
• Financial reporting for advisors and house corporation boards
• Annual officer transition assistance

Consistent Financial Leadership Through Officer Transitions

Few organizations experience leadership turnover as frequently as fraternities and sororities. Every year, newly elected officers inherit bank accounts, accounting records, budgets, vendor relationships, and financial responsibilities. That is why many incoming treasurers have little accounting experience, yet they immediately become responsible for thousands—or even hundreds of thousands—of dollars.

Our accounting team provides stability throughout those transitions. That is why Erin works closely with incoming officers, explains financial reports, answers accounting questions, and ensures every leader understands the organization’s financial position. That continuity protects institutional knowledge while reducing the risk of bookkeeping errors, missed deadlines, and reporting problems.

Accurate Bookkeeping Creates Better Financial Decisions

Reliable financial information allows chapter officers and house corporation boards to make informed decisions throughout the year. Because of this, we maintain organized accounting records, reconcile bank accounts every month, record financial transactions accurately, and prepare timely financial statements that clearly explain your organization’s financial position.

Because we maintain your books throughout the year, board members receive meaningful reports instead of outdated information. Better financial reporting leads to stronger budgeting, improved cash management, and greater accountability.

Budgeting That Supports Long-Term Success

Successful organizations rely on thoughtful planning rather than reacting to unexpected expenses. We prepare detailed annual budgets that reflect your organization’s operations while accounting for dues revenue, housing expenses, payroll, insurance, maintenance, utilities, capital improvements, scholarships, philanthropy, and reserve funding.

Throughout the year, we compare actual results to budget so officers and advisors can identify trends early and adjust spending before small issues become larger financial problems.

Bill Pay and Member Invoicing

Managing vendor payments and collecting member dues consumes valuable time for chapter officers. Our bill pay services ensure approved invoices receive prompt payment while maintaining accurate accounting records for every transaction.

We also manage member invoicing and accounts receivable, helping organizations track dues, housing charges, meal plans, assessments, and other member obligations. Organized receivable management improves cash flow while reducing the administrative burden on officers.

Payroll and Tax Preparation

Many house corporations employ house directors, maintenance personnel, cooks, or other staff members. So, payroll requires accurate tax withholding, payroll tax reporting, quarterly filings, and year-end reporting.

Schultz & Associates handles payroll processing, payroll tax compliance, W-2 preparation, and related reporting requirements.

We also prepare required federal tax returns for Greek organizations, including IRS Forms 990, 990-EZ, and 990-N when applicable. Our professionals monitor filing deadlines, maintain compliance, and help organizations avoid unnecessary penalties.

Serving Greek Organizations Nationwide

Location no longer determines who provides your accounting services. By using secure cloud accounting platforms, encrypted document sharing, electronic signatures, virtual meetings, and online payment systems allow Schultz & Associates to serve fraternities, sororities, and house corporations throughout the United States.

Our clients receive responsive service, timely financial reports, and experienced accounting guidance without traveling to our office. Whether your organization operates in Michigan, Ohio, Indiana, Florida, Texas, California, New York, or anywhere in between, our team delivers the same high level of professional service.

Why Greek Organizations Choose Schultz & Associates

Greek organizations appreciate working with one accounting firm that understands their unique financial responsibilities. Instead of hiring separate providers for bookkeeping, payroll, tax preparation, budgeting, financial reporting, and bill payment, our clients receive every service from one experienced team.

Our fixed-fee approach provides predictable costs while giving officers, advisors, and house corporation boards year-round access to experienced accounting professionals. We build long-term relationships that continue as leadership changes from year to year, ensuring continuity and confidence in your organization’s financial operations.

Your officers already devote countless hours to recruiting members, planning events, managing housing, organizing philanthropy, and strengthening your organization. That is why ,accounting should support those efforts—not distract from them.

Erin Szalai and the professionals at Schultz & Associates provide the bookkeeping, budgeting, bill pay, member invoicing, payroll, financial reporting, and tax preparation your fraternity, sorority, or house corporation needs to operate efficiently and confidently.

Contact Schultz & Associates today to learn how our Greek organization accounting services can help your organization build a stronger financial future.

You can reach Erin either by phone (734) 354-2380 at extension 115 or by email at eszalai@schultz-cpa.com. Erin will promptly reply and get a Zoom meeting scheduled.