Accounting & Finance Services for Senior Living

Optimize Finance & Accounting Operations, Save Costs and Overcome Talent Shortage

Senior living communities face numerous complexities – from tight operating margins, talent shortage, and limited technological sophistication, to rising demand for top-tier personal care. At QX, our expertise lies in providing custom finance and accounting services to senior living communities. With QX, you can:

overcome talent shortage with a pool of 2000+ qualified accountants.
leverage the power of data through digitized reporting, budgeting and forecasting.
enhance operational efficiency through automation and process optimization.
achieve 40-60% savings by outsourcing your back-office accounting operations.

QX Senior Living Finance & Accounting Services

Finance & Accounting Services for Senior Living Communities

Our services cater to a range of senior living options, including independent living, home health care, service-enriched housing, assisted living, continuing care retirement community (CCRC), and nursing homes. We offer:

Community Accounting

Bookkeeping & Accounting
Accounts Payable
Revenue Recognition
Bank Reconciliations
Deposit Management
Damage Recharges
Tenancy to Income Reconciliation
Migration Budget Management

Development Accounting

Accounts Payable
Job Costing
Project Costing
CIS Data Management & Reporting
Retention Ledger
WIP Accounts
Balance Sheet Reconciliation
Accounting & Bookkeeping
Drawdown Working

Lease Administration Services

Verification of Parties to Lease Agreement
Tenant Space Information
Term, Lease Index and Notes
Base Rent & Renewals and Abatement/Concession
Tenant Improvement Allowance
Deposit Information
Late Charges
Additional Rent (CAM/Operating Expenses, RE Taxes, Utility/HVAC, Insurance and other)

Corporate Accounting

Accounts Payable
Billing & Accounts Receivable
Treasury/Bank Posting & Reconciliation
Preparation of Monthly P&l
Month End Accounting
Audit Support

Management Accounting

Accruals
Prepayments
Balance Sheet Reconciliations
WIP Account Reconciliations
Retention Account Reconciliations
Financial Planning and Analysis

Investment Accounting

Lender Reporting
Rent Reserve Working
Drawdown Working

Why Choose QX Global Group?

Gain access to skilled property accountants through dedicated and adaptable accounting teams.

Leverage our team of 3250+ employees operating across 17 offices and 5 delivery centers.

Implement accounting best practices to boost operational efficiency.

Effortlessly integrate newly acquired properties with offshore, nearshore & onshore delivery models.

Improve productivity with cutting-edge technology and customized software & automation solutions.

Enhance your bottom line by reducing operational costs by 40-50%.

Transforming Senior Living Accounting Operations with Automation

The QX team works well with all industry-standard software to transform accounting operations for your senior living communities. We are also flexible about including any additional systems in our solutions to suit your organizational needs.

QX’s Proprietary Automation and Software Solutions

QX empowers businesses with a wide range of proprietary software solutions to automate manual finance and accounting tasks, cut down operational costs and optimize efficiency.