Cost Effective
Flexible Staffing
Speciallized Expertise
Realize cost reductions of 40%-60%
Scale up and down based on your needs
Focus on running the business instead of managing books
Use us as full-time, part-time or on as needed basis
Access to best practices derived from 300+ businesses
The above charges are indicative charges for standard services to be performed by the particular role on a full-time basis (160 hours per month). A final quote will depend on the work-volume, activities required and the working hours. Part-time and flat fee quotes are also available
Accounts Payable Specialist can perform activities such as 2 Way/3 Way matching of invoices with POs and GRs/Packing Slips, entry of invoices and utilities, coding of expenses, entering checks for further approval, tracking payables, vendor reconciliations and other miscellaneous accounts payable activities.
Accounts Receivable Specialist typically can perform activities such as invoicing, running rents (for real estate cos.), tenant/customer set-up and accounting, late fee processing, rent receipting/cash application services, tracking receivables, email and call based collection support, and miscellaneous accounts receivable tasks.
Property Accountant can provide the following accounting services- General ledger accounting, payroll, bank reconciliations, inter-company accounting, monthly closing of books including finalization and simple monthly reporting with variance analysis. They are proficient in general ledger accounting and reporting in MRI, Yardi, Appfolio, Onesite, Spectra and Timberline.
Sr. Property Accountant can provide the following services- General ledger accounting, cash flow projections and management, inter-company accounting, prepare budgets, analyze expense variances, review balance sheets, prepare monthly financials including detailed monthly reporting and assist Controller in month/year end activities. They have strong balance sheet knowledge including assets, liabilities, income statement, cash flow statement and common financial ratios.
Residential real estate accounting manages finances, compliance, and reporting to support property owners. Similarly, outsourced accounting for senior living centers ensures efficient financial management, compliance, and growth.
Student housing accounting manages finances for student accommodations, including rent, expenses, budgeting, and reporting to ensure efficient operations and quality services. Similarly, senior housing accounting handles financial management for senior living facilities to maintain efficiency and high-quality resident care.
HOA/Condo Accounting manages the finances of homeowner associations and condominiums, including budgeting, dues collection, bill payments, and financial reporting. Similarly, senior housing accounting ensures accurate budgeting, expense management, and reporting to maintain high-quality services for senior residents.
Senior living accounting services encompass financial management solutions tailored for senior care facilities. These services include bookkeeping, accounts payable and receivable, payroll processing, budgeting, financial reporting, and compliance with healthcare regulations.
Outsourcing accounting allows senior living operators to reduce overhead costs, gain access to specialized expertise, ensure compliance with industry regulations, and focus on providing quality care to residents.
Outsourced accounting providers specializing in senior living are well-versed in healthcare, housing, and regulatory standards. They operate under stringent controls and secure data environments, reducing the risk of penalties or audit failures.
Key tasks encompass:
Yes, small facilities can significantly benefit from outsourced accounting services. These services help streamline financial operations, ensure compliance, and provide insights for better decision-making, all while reducing costs.
By providing accurate financial data, ensuring compliance, and offering strategic insights, outsourced accounting services enable senior living operators to make informed decisions, optimize operations, and focus on resident care, thereby supporting sustainable growth.
Reputable outsourced accounting providers implement robust security measures, including encryption, secure data storage, and compliance with data protection regulations, to ensure the confidentiality and security of sensitive resident information.
When selecting an outsourced accounting provider, consider their experience in the senior living industry, understanding of regulatory requirements, range of services offered, technological capabilities, and reputation for reliability and security.
