Historical reclassifications will be performed according to the following level of detail:

• General Rules: Reclassifications will be performed down to the child level.
  • This means that if you have a “General Facilities” account, the transactions in this account will be broken out into Auto, Office, Technology, etc.
  • Exceptions:
    • Labor Reclassifications (more granular): We will reclassify all labor expenses down to the sub-child level.
    • Brokerage & Maintenance Departments (less granular): Transactions for these departments will be reclassified at the parent level, except where your historical classifications are more granular.
    • Note: The level of granularity in your historical classifications will generally always be preserved.

• Hour Caps:
  • The Chart of Accounts Conversion w/ 2-Year Historical Reclassification package includes up to 30 hours of conversion work.
  • The Chart of Accounts Conversion Only package includes up to 20 hours of conversion work.
• Other Considerations:
  • Corporate books must be UP TO DATE with proper accounting. We will not fix accounting errors such as coding balance sheet transactions to the income statement and vice versa.
  • We must be able to access your payroll software directly. This is accomplished by setting up a login that allows us to download reports.
  • With the exception of payroll, we will not be splitting transactions. For example, if you book all of your management income (all fee types) as a lump-sum transaction in your software, we will not be splitting this income into separate accounts for various fee types.