Monthly Service Plans

Our comprehensive monthly accounting package is designed to meet the financial and accounting needs of your agency, ensuring accurate and up-to-date financial information. 

This package includes the following essential services: 

• Chart of Accounts Review and Standardization
  • Reviews and organizes the chart of accounts to ensure consistency, accuracy, and alignment with business needs
  • Standardizes account categories to streamline financial reporting and compliance across departments or entities
• Monthly Financial Statements (Accrual and Cash Basis)
  • Prepares balance sheets, income statements, and cash flow statements on both accrual and cash basis for a clear financial snapshot
  • Provides essential financial data to support decision-making and regulatory requirements
• Assessment, Implementation, and Monitoring of Client Management System Integration
  • Evaluates and integrates client management systems to track revenue by payor source or revenue stream, enhancing visibility
  • Monitors system performance to ensure accurate, real-time revenue reporting and operational efficiency
• Payroll System Integration for Cost of Sales and Payroll by Department
  • Integrates payroll systems to automatically generate Cost of Sales and departmental payroll reports post-payroll processing
  • Enables precise tracking of labor costs by department, supporting budgeting and financial analysis
• Reporting for Multiple Location Entities
  • Consolidates financial data across multiple locations to provide unified, entity-specific reports for performance analysis
  • Supports strategic decision-making by highlighting location-based financial trends and variances
• Recording of All Monthly Transactions
  • Records all financial transactions (e.g., income, expenses, assets) to maintain accurate and up-to-date accounting records
  • Serves as the foundation for financial statements and other reporting deliverables
• Correction of Revenue and Costs to Correct Period
  • Adjusts revenue and expenses to align with the correct accounting period, ensuring accurate accrual-based reporting
  • Enhances financial statement reliability by reflecting true period performance
• Month-on-Month Trend Analysis
  • Analyzes financial data across months to identify trends, variances, and performance patterns
  • Provides actionable insights for forecasting and strategic planning
• Complete Monthly Reporting Package
  • Delivers a comprehensive set of financial reports, including statements, and trend analyses
  • Offers a holistic view of financial health tailored to stakeholder needs
• Guidance on Financial Reporting of Employee Benefits
  • Provides expertise on accurately reporting employee benefits (e.g., health insurance, retirement plans) in financial statements
  • Ensures compliance with accounting standards and transparency in benefits-related costs

Our Premium Care Accounting Services package provides you with additional insights and tools to help your agency thrive. This package includes all the essential services from the Core Care Package plus the Client Compass.  With this package, you'll have a clearer view of your financial health, allowing for better strategic decision-making and improved operational efficiency. 

This package includes the following services:

• All Core Care Services
• Monthly Strategy Calls in the First Three Months (or Beginning When Financials Are Cleaned Up), Followed by Two Strategy Calls for the Remainder of the First Year
  • Conducts monthly strategy sessions for the first three months (or post-financial cleanup) to align financial data with business goals, followed by two additional calls to maintain momentum
  • Focuses on addressing immediate financial challenges, setting priorities, and guiding strategic decisions during the initial engagement period
• 4 Strategy Calls per Year in Subsequent Years
  • Provides quarterly strategy calls in subsequent years to review financial performance, refine goals, and adapt to changing business needs
  • Ensures ongoing strategic alignment with long-term objectives through consistent, high-level discussions
• Month-End Financial Performance Dashboard
  • Delivers a concise, visual dashboard summarizing key financial metrics (e.g., revenue, expenses, profit) at the end of each month
  • Enables quick insights into financial health, supporting data-driven decisions and discussions during strategy calls
• Month-on-Month and Year-to-Date (YTD) Trend Analysis, Including Underlying Reasons for Variances 
  • This analysis tracks financial or operational performance metrics (e.g., revenue, expenses, or profit) over consecutive months and cumulatively from the start of the year to the current period. It helps identify patterns, seasonality, and anomalies in performance
• Analysis of Revenue by Payor Type and Customer Concentration Risk 
  • This analysis breaks down revenue by payor type (e.g., insurance, government, individual clients) and assesses reliance on specific customers to evaluate financial stability and risk
• Working Capital Analysis, Specifically Timing of Cash Inflows to be Expected
  • This assesses a company’s short-term liquidity by analyzing the timing of cash inflows (e.g., from sales or collections) relative to cash outflows (e.g., payroll, rent). It ensures the business can meet immediate obligations
• Tracking of Hours Billed and Revenue Against Monthly and Annual Targets
  • This monitors billable hours and associated revenue to ensure alignment with financial goals
• Analysis of Average Price per Hour and Income by Referral Source
  • Referral sources are based on the system's tagging structure in your CMS. We provide feedback to optimize client tagging for improved reporting accuracy