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Human Resources @ Hood College

Accounting Services: Overview

The Accounting Office is broadly responsible for the following functions:

  • Developing policies and procedures and maintaining systems and internal controls to support the College's fiscal operations.
  • Maintaining the financial system including the general ledger, accounts payable and the student receivable system.
  • Billing and collecting the College's receivables including student tuition, state and federal financial aid contributions and grant monies.
  • Paying the financial obligations of the College including accounts payable, payroll and debt obligations.
  • Managing various financial functions including payroll, accounts payable, student services and cash services to ensure that our constituents needs are met in an efficient and effective manner.
  • Accounting for the College's physical plant including depreciation, acquisitions and disposals.
  • Preparing the College's annual financial statements in coordination with an independent auditing firm.
  • Preparing the College's federal, state and other miscellaneous tax returns.
  • Providing financial reports to departmental budget managers and the Board of Trustees.