Assisted Living Accounting Solutions

Drive Focus to Core Business with

Assisted Living Accounting Solutions

Running & operating a senior living or assisted living facility brings about with it, a whole range of complexities. To start with, these companies are expected to deliver a high level of personal care to their clients. In addition, the sector has also continued to get affected by frequent market-driven and government-mandated changes. In such a complex & dynamic scenario, finance & accounting (F&A) tasks can take a toll on onshore resources and drive focus away from ensuring optimum care of clients.

Through its outsourced F&A solutions for assisted living companies, QX Global Group introduces a team of highly skilled financial experts to your business. Banking on technology support and process optimization, the QX team works closely with clients to understand their specific organizational needs and offer customized solutions. Partner with QX to streamline F&A for your assisted living facilities, automate repetitive tasks and drive focus to core business activities.

F&A Solutions for Assisted Living Companies

Property Accounting

QX’s property accounting services for the senior living industry include bookkeeping & accounting, accounts payable, revenue recognition, bank reconciliations, student deposit management, expense recharges, student refund & amendments, and budgeting & forecasting.

Development Accounting

We specialize in providing world-class development accounting services, including accounts payable, job costing, project costing, CIS data management & reporting, retention ledger, WIP accounts, balance sheet reconciliation, accounting & bookkeeping, and drawdown working.

Management Accounting

Our management accounting services, tailored to senior living companies, include accruals, prepayments, balance sheet reconciliations, WIP account reconciliations, and retention account reconciliations.

Investment Accounting

Our investment accounting service offerings include lender reporting, rent reserve working, and drawdown working.

Lease Administration Services

  • Verification of parties to lease agreement
  • Tenant space information
  • Term, lease index & notes
  • Base rent & renewals and abatement/concession
  • Lease audit
  • Deposit information
  • Late charges
  • Additional rent (CAM/Operating expenses, RE taxes, Utility/HVAC, Insurance and other)
Why Assisted Living Companies Choose QX

Why Assisted Living Companies Choose QX

Here are some of the top benefits your business can reap from partnering with QX:

Process Transformation

At QX, we specialize in process optimization through the implementation of industry-leading best practices. By streamlining processes for our clients, we can remove any inefficiencies and decrease costs while also driving productivity.

Smooth Transitioning

Our team is well-versed in managing the complexities of software migration, utilizing the knowledge and experience of our staff who have worked with a variety of ERP systems, as well as support from external consultants.

Automation Support

Our experts work in close partnership with clients to comprehend their unique requirements and design solutions that best fit their needs, whether it be through developing custom applications, integrating existing tools or adopting automation techniques.

Skilled, Scalable Teams

Optimize your projects with QX’s flexible models and proactive workforce structure that enables to add temporary staff to meet specific requirements, and get access to our dedicated training teams and e-learning platforms.

Software Abilities

The QX team is capable of working with all industry-standard software to transform F&A for your senior living business. We are also flexible to including any additional systems in our solutions to suit your organizational needs.

SAP Busineaa One

Want to know more about QX’s F&A solutions for the assisted living industry?