Welcome Home provides each owner with individualized accounting services. Services include preparing and analyzing financial information, establishing accounting policies and procedures, and creating financial statements monthly, quarterly, and/or yearly, based on client preferences in either cash or accrual basis accounting.
Included as part of the financial statements, Welcome Home offers services in Accounts Payable and Accounts Receivable, including monthly billing of Medicaid Services and other State programs (HUD, GRH, as applicable).
In addition, Welcome Home staff work with onsite personnel to create a yearly operating budget for all areas of operations, including health services, food services, payroll, among others. The budget is analyzed monthly to ensure continued adherence to budget. If required, adjustments to the yearly budget are submitted to the client for approval.