The Accounting department acts as the main hub for making all business decisions. In charge of making sure the department functions well is Vice President of Finance Nancy Black. Supporting her is a comptroller, Payroll Specialist, and Staff Accountants. Together, this team manages the financials for all agencies in the group.
Normal operations for the Accounting department include completing financial reports for each of the seven companies’ board meetings, which amounts to 28 sets of financials per year; year-end analysis and audit preparation, including budget preparation, for each company; and gathering all data and information needed to have the 990 completed by the external auditing company, Black, Bashor & Porsch. Each year seven financial statement audits are conducted through Black, Bashor & Porsch, one for each affiliated KBA company. W-2’s are processed for the seven companies, as well as reporting all wages to the appropriate taxing authorities and submitting over 275 tax returns per year. Every invoice is tracked, cash is managed and deposited, and bills are paid in a timely manner.
On top of these duties, additional accounting tasks are necessary for KBA’s industrial programs. External billings to Pennsylvania Industries for the Blind and Handicapped (PIBH) are handled for the photo ID centers, all 34 rest areas, the toilet paper manufacturing project, and the tool assembly program for products on the federal procurement list. The Department of Defense also is billed for a contract through the National Industries for the Severely Handicapped (NISH). 4-5 additional audits are done each year specifically for the rest area districts. These audits are detailed reviews of all financial accounting records, including timesheets, payroll ledgers, individual vendor invoices, and deposits.
- Accounts Receivable and Payable
- Payroll and payroll deposits
- Taxes
- Fund accounting
- Audits
- Financial Statements
- Year-end analysis
- Annual budgets
- 990
- Employee W-2’s