Accounting and CFO services for senior living communities
Occupancy, move-ins and resident billing drive every senior living P&L. We give operators accurate books and clear reporting for each community.
The finance challenges senior living communities face
General accountants often miss what makes this part of healthcare different. These are the areas we focus on first.
Occupancy-driven revenue
Move-ins, move-outs and rate changes change revenue every month and need to be tracked by community.
Resident billing and deposits
Monthly rent, care levels, community fees and resident deposits all need to be recorded and reconciled correctly.
Staffing costs
Care and dining staff are the largest expense and need to be measured against occupancy.
Multi-community reporting
Owners and lenders expect consolidated results with clear reporting for each community.
How we help senior living communities
Accounting, audit support and CFO leadership, tailored to how your organization operates.
Accounting
- Monthly close and financial statements by community
- Resident billing and AR tracking
- Accounting for community fees and deposits
- AP management and accruals
- Multi-community consolidation
Audit and compliance
- Financial statement audit support for external CPA audits
- Bank and lender audit support
- Related-party transaction documentation
Fractional CFO
- Occupancy and revenue forecasting
- Labor cost tracking against occupancy
- Capital planning and budgeting
- Investor, lender and board reporting
Frequently asked questions
Don’t see your question? Send us a message.
Do you work with assisted living and memory care communities?
Yes. We work with senior living operators, including assisted living and memory care communities, and report results for each community.
Can you prepare lender and investor reporting?
Yes. Investor, lender and board reporting is part of our fractional CFO services.
Do you handle groups with several communities?
Yes. We consolidate results across communities and entities while keeping a clear P&L for each one.
Book a free consultation
Tell us about your organization and what you need help with. We typically respond within 24 hours.