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Repesentative Payee
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Robust, Flexible Tool for Tracking Funds and Paying Bills on Behalf of Clients
Enjoy the Convenience of Consolidated Client Accounts
AccuFund’s Representative Payee software is ideal for organizations that manage multiple custodial/trust accounts.
Through robust reporting, automation, and fully auditable workflows, AccuFund delivers valuable tools designed to strengthen your relationships.
Here are just some of the capabilities
- Combine individual accounts into one or m
AccuFund’s Representative Payee software is ideal for organizations that manage multiple custodial/trust accounts.
Through robust reporting, automation, and fully auditable workflows, AccuFund delivers valuable tools designed to strengthen your relationships.
Here are just some of the capabilities
- Combine individual accounts into one or more physical bank accounts
- Manage client balances separately and generate individual client statements
- Generate Revenue, Expense, and Balance Sheets for each client,
- Set controls to prevent overspending
- Automate the process of receiving cash from the bank and applying it to individual client accounts
- Reduce repetitive entry
Enjoy the Convenience of Consolidated Client Accounts
Robust, Flexible Tool for Tracking Funds and Paying Bills on Behalf of Clients
Enjoy the Convenience of Consolidated Client Accounts
With AccuFund’s Representative Payee system, your custodial checking accounts are administered in a single location. You can set up individual accounts for each client, consolidate them all, or create consolidated accounts for different groups of clients.
Consolidated accounts minimize costs, increase interest-earning power, and are easil
With AccuFund’s Representative Payee system, your custodial checking accounts are administered in a single location. You can set up individual accounts for each client, consolidate them all, or create consolidated accounts for different groups of clients.
Consolidated accounts minimize costs, increase interest-earning power, and are easily managed using virtual bank registers.
No matter how you set up your accounts, AccuFund’s Representative Payee offers these conveniences:
- The ability to accommodate pay cards and direct deposit electronic funds transfer
- A budgeting tool that limits expenses to pre authorized amounts
- Positive Pay, an automatic fraud detection system
Robust, Flexible Tool for Tracking Funds and Paying Bills on Behalf of Clients
Robust, Flexible Tool for Tracking Funds and Paying Bills on Behalf of Clients
Robust, Flexible Tool for Tracking Funds and Paying Bills on Behalf of Clients
Agencies that serve as fiscal guardians for clients or patients who are unable to manage their own finances (e.g., the elderly, mentally handicapped, and drug-dependent) can often get bogged down by complex manual processes.
AccuFund’s Representative Payee system enables tremendous time savings, by relieving the detail-intensive burden of
Agencies that serve as fiscal guardians for clients or patients who are unable to manage their own finances (e.g., the elderly, mentally handicapped, and drug-dependent) can often get bogged down by complex manual processes.
AccuFund’s Representative Payee system enables tremendous time savings, by relieving the detail-intensive burden of coordinating accounting for individual clients.
The system tracks funds received from the Social Security Administration and other agencies; pays rent, utility bills, and other living expenses; and can maintain funds in one shared bank account to simplify reconciliation.
Modules included
General Ledger
Bank Reconciliation
Accounts Payable
- All transactions processed in the Representative Payee system are posted to the General Ledger in real time, so you can generate up-to-the-minute financial statements for each client. General Ledger supports multiple transaction types, such as actual, budget, memo entries, requested, budget revisions, and closing entries. It also lets you indicate the bank account from which a client’s bills are paid.
- Cash Receipts
AccuFund’s Cash Receipts module records funds received from SSA, SSI, and other sources. These funds can be imported directly from your combined bank account and posted to specific client balances.
Accounts Payable
Bank Reconciliation
Accounts Payable
- Provides support for multiple checking accounts and full check production in a single run. Invoices are tracked for each checking account, which makes it easier to forecast cash requirements. Recurring payments, like monthly rent, can be set up for automatic posting in the system. You can also enter invoices into Accounts Payable as soon as they’re received, you can quickly verify account balances. Invoice may be distributed to multiple checking accounts using percentage distribution tables, and you can set alerts for duplicate invoice numbers.
Bank Reconciliation
Bank Reconciliation
Bank Reconciliation
- You can fully reconcile each checking account from bank to register and from register to General Ledger. Accounts Payable checks, cash deposits, adjustments, and account transfers can all be combined, enabling you to maintain a complete history of all client-related items. The register screen lets you view information related to any individual bank account and mark individual checks, deposits, or cash adjustments to update balances by transaction type. Service charges and interest paid are also entered here.
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