The Accounting Division maintains the Town's General Ledger system, as well as the Accounts Payable and Accounts Receivable/Miscellaneous Billing functions in accordance with the NC Local Government Budget and Fiscal Control Act. Processing of payroll for all Town employees is an additional function of the Accounting Division. Other areas of concentration include maintenance of fixed asset records, FEMA reporting, preparation of 1099 and W-2s, and sales tax reporting. This division ensures that all accounting and reporting systems are in compliance with generally accepted accounting principles. The division also coordinates audit services, monitors banking and investments, provides grant financial assistance, and prepares the Comprehensive Annual Financial Report.