Inventory Management, Bookkeeping and Accounting for Nursing Homes and Related Facilities
It is true that as a business you can be more profitable only by having more time to focus on actual business processes rather than handling a host of other administrative tasks. If you are looking for experience that will help you realize increased profitability with efficiency gains and streamlined accounting and bookkeeping solutions, minimize the time spend, and lower your operational costs, leverage the Sunknowledge advantage right now! We extend superior solutions which are timely, scalable and cost-effective that help the ultimate growth of your company.
One of the busiest areas of operation for Nursing Homes is managing supplies. Be it Skilled Nursing Homes, Personal Care Homes with or without Skilled Nursing facility, or Sheltered Homes, a typical inventory could range from cotton and gloves, to DME (Durable Medical Equipment) and beds. Replenishing stocks is a regular requirement, and therefore, the stream of supplies to a Nursing Home is a constant one. Our involvement begins soon after the supplies arrive at a facility, the stocks are verified, and the Delivery Note is signed.
As we would be working on behalf of the facility, the invoices for the delivered items will be sent directly to our team of experts for processing. Every billed item is entered into the system using the correct code associated with it (the product code). The corresponding value of each item is also posted in the system.
We use applications such as Stampli for processing invoices and auditing all supplies & services. Other applications like Intacct are used for GL posting and accounting of the invoices processed in Stampli. The outcome is getting the invoice approved and ready to be paid.
Quality and Integrity
We take pride in our experienced pool of accountants and bookkeepers who offer dedicated services to every client and on every assignment. We also offer customized reporting support and almost 80% of our business comes from client referrals.
Sunknowledge Services Inc. has an expert team of CAs, CPAs, CMAs along with financial analysts who provide a plethora of services ranging from core accounting services along with payables and receivables, revenue management, financial reporting as well as tax submission services. As a financial advisor or analyst, it is possible for us to reach you so we can give you the best possible support we can.
We will set the benchmark, checks and balances that help in minimizing your liability with effective planning. If you are looking for an analysis of finance, receivables and payables, bookkeeping as well as payroll management, we are your one-stop destination. Sunknowledge helps ensure that businesses are running their bookkeeping to the best of their ability. Like any modern bookkeeping firm, we ensure that businesses have the right tools needed to reach with their accounting goals.
Latest Technology and Proprietary Tools
Sunknowledge deploys proven tools, tactics and technologies to manage your accounting and bookkeeping assignments. With our automated processes coupled with a cloud-based portal for accounting, we deliver on time, have a streamlined process of responding to client inquiries and ensure the utmost data accuracy at all steps of the process.
We Can Work on Your Pre-existing Software and New Systems
We have the unique edge of working closely with clients to implement, identify and upgrade accounting information based on tailored client demands. We have perfect proficiency across all accounting software that includes QuickBooks, Bill.com, Peachtree, Intacct and many other applications.
Streamline Your Workflow
Support from our accounting processes reduces your monthly workload by 20% to 30%. We have the ability to replace manual, dated and untimely billing collections and submission functions with a proven automated process that is perfectly aligned with our client’s unique demands.
- Ledger Posting
- Payment Follow-up & Posting
- Invoices (Customer & Vendor)
- Bank Transactions
- Credit Card Transactions
- Invoice Generation
- Invoice Reconciliation with Statement
- W9 Information Collection (Vendor) for Withholding Tax Reporting
- Payment Reconciliation with Bank and Credit Card Statement
- Payroll Processing
- Accounts Payable
- Accounts Receivable
- Profit/loss, Balance Sheet
- Cash Flow Report
- Inventory Management
Accounting System Integration and Implementation
- Accounting Software Selection and Implementation
- Automated Data Entry
- Data Conversion Services
- Integration with Third-Party Applications like Payroll, Time Management, Billing, E-commerce Store, etc.
- Local and Remote Application Hosting
We have a team that works for you! Our pool of experienced analysts and accountants provides complete implementation and advisory support with a wide range of accounting software, helping you reach the desired process automation quickly. So if your company is still deciding on the best accounting tools to use, for instance, if you’re looking at the benefits between Wave and Quickbooks for your company’s accounting, don’t let us influence your choice as we will find the right professionals to work with whichever software you decide on!
Get Your Business Organized with Our Perfect Solution
- Daily/weekly/monthly bookkeeping services with customized reporting
- Dedicated account managers to ensure that you have all the information
- Excellent on-boarding/transition process to migrate all historical data
- Keeping your books up to date, making sure you never fall behind
- Automating your payroll with confidence and helping you stay in compliance
- Exclusive support in expenses and receipt management
- Consulting services in tax planning and preparation
- Staying on top of any late payers with a tech-savvy way to invoice management
Speak with one of our expert financial advisors right now – We are just a call away!