Banking and Financial Services

Financial Accounting Administration

Zenith is the administrator of choice for clients requiring a high level of expertise in all aspects of financial accounting and regulatory reporting. Our financial administration services are designed to meet the specialized needs of our clients. Our services include:

Preparation of Financial Statements

A balance sheet as well as income and expense statements are produced on a monthly basis. Zenith can produce year end accrued financials for SAS-112.

Governmental Filings

Zenith fulfills all financial regulatory and reporting requirements for our clients. We ensure that accurate information is sent in a timely manner to all government agencies, providers and participants who require statements for tax purposes.

Payment of Plan Expenses

Zenith processes all invoices for the Trust. Monthly disbursement letters are prepared outlining all plan expenses to be paid. The disbursement letters are sent to the Trust's designated representative for approval before payments are issued.

Recordkeeping

Maintain financial records, pay plan expenses, reconcile all bank accounts and provide monthly financial statements to Trustees and other professionals.

Process all Trust disbursements according to procedures established by the Trustees. Preparation of monthly disbursement letters for approval by the Board of Trustees.

Establish and maintain journals and general ledgers reflecting all receipts and disbursements of the Trust, and a proper accounting system to record the financial activity of the Trust.