Accounting Operations
Senior Living Accounting Shouldn’t Consume Your Day
Complex resident billing, multi-site management, and constant regulatory requirements turn accounting for senior living into a full-time job. Most operators didn’t get into senior care to reconcile accounts or chase down invoices. But without accurate, current books, you can’t make informed decisions about your operation.
ICON Financial Services handles your complete senior living accounting operations so you can focus on residents. We process transactions, manage receivables and payables, coordinate payroll, and deliver timely financial reports without the overhead of building an in-house accounting department.
Complete Accounting Support for Senior Living Communities
Our Accounting Team Manages:
Accounts receivable and resident billing
Accounts payable processing and vendor management
Payroll coordination and processing
Bank reconciliations and cash management
General ledger maintenance
Month-end and year-end close
Financial statement preparation
Multi-entity and multi-location accounting
Regulatory compliance reporting
Audit preparation and support
We work with your existing senior living accounting software or help you implement better systems. Whether you use senior community accounting software like Yardi, Sage Intacct, or QuickBooks, we adapt to your technology.
Built for Senior Living Complexity
Senior living creates unique accounting challenges:
- Residents move between care levels
- Payer sources change mid-month
- Private pay, Medicaid, and Medicare billing all require different processes
- Payer mix trends over time
- Multi-location operators need consolidated reporting without losing site-level detail
Our community accounting software expertise and industry knowledge solve these problems. We track changes in level of care, manage mixed-payer billing, handle refund calculations, and maintain compliance with regulatory requirements.
See What Professional Accounting Delivers
Ready to stop scrambling through the month-end close? Want to see what your financial reports could look like with professional senior living accounting operations?
Schedule a consultation, and we’ll show you an example report tailored to your community type.
