Resident Billing & A/R

The Resident Billing & A/R module automates the accounting functions associated with the amortization of entrance, endowment, or advance fees. Designed to conform to AICPA guidelines and work with multiple contract types and refund provisions, this LifeCare Plus module features many beneficial reimbursement and collection tools to manage independent and assisted living receivables. A flexible reporting system provides the "I have to have it now" type of receivable reports that are effective in the collection effort. This is a core module.

Key Features

• Flexible assignment of billing code, descriptions and standard charge amounts
• Ability to enter resident charges by name or type of charge
• Access to residents by using any portion of their name
• Accommodates permanent recurring charges such as rent, telephone, cable TV, etc.
• Provides unlimited description of charges to eliminate confusion for residents
• Maintains a balance forward on all accounts
• Accommodates billing to non-residents such as leased space for the bank, beauty shop, etc.
• Prints clear, concise, easy to read resident statements with a flexible message area
• Handles special billing addresses for residents on leave or when billing to other parties
• Notifies the operator of duplicate charges
• Allows for automatic permanent charge rate change for increases in monthly fees
• Easy single screen entry of charges to multiple residents
• Automatically updates accounts receivable and general ledger
• Produces a monthly billing register itemizing all charges for the month with summaries by billing code and general ledger account codes
• Stores and tracks charges to individual residents or responsible party
• Provides immediate on-screen inquiry to entered charges
• Instant inquiry to resident balances
• Generates on-demand aged trial balance
• Generates a credit balance report
• Allows for transferring or combining of resident accounts
• Provides a delinquent account report based on user defined criteria
• Produces critical account list of all balances greater than a user defined amount
• Provides a detailed accounts receivable register showing all detail transactions, beginning balances, ending balances, and cash received
• Optional running balance on resident statements

When you're ready, contact us for a free demo to learn how the LifeCare family of products can address your organization's needs.