Complete Back Office Package
Ready to hand the reins over to us? Then the complete back office package is the one for you
Our Skill, your financial armor
Why It’s Important to Maintain General Ledger
Maintaining your general ledger should be one of your top priorities. With the Complete Back Office package, Knight HC Financial sorts, stores, and summarizes your company’s transactions. This includes reconciling all your accounts, managing journal entries if needed for payroll, and even monthly reviews to ensure your company is CMS compliant. Additionally, we monitor all electronic data integration to ensure an accurate and complete general ledger.
Month-End Close and Reporting
Today, month-end reports provide insightful data and performance indicators. It’s crucial these reports are done correctly and provide accurate metrics. With Knight HC Financial, there’s no need to worry about how to act on these reports, with them comes a monthly call with one of our certified, highly experienced accountants to review management reports and discuss results.
With the Complete Back Office package, we support you at months end by handling additional journal entries. Payroll allocations, revenue accruals and prepaids.
Accounts Payable Management
With this package, our team sets up and administers a bill payment system to ensure swift and timely payments. We even take it a step further and process all your bills for payment, while providing you with digital access to all invoices and paid bills.
Additionally, our team of highly certified accountants track your internal credit card expenses and process employee expense reports and payments.
Medicare and Medicaid Cost Reports
We understand the complexity of Medicare and Medicaid Cost Reports, and that’s why it’s a service we offer for all our packages. These cost reports change frequently, sometimes even yearly. Our expert team stays on top of these changes so you can focus on running your business.
Tax Preparation & 1099 Management
At Knight, we work year-round for you, and with you so tax season is a seamless, stress-free experience. By analyzing your YTD, we provide accurate projections for the upcoming year.
We review the general ledger to determine who requires the issuance of a 1099, ensure all vendors are properly setup for 1099 tracking, request and gather the needed tax forms from the vendors and then produce the 1099s each year.
Support
Every package allows 24-hour access to all your records and systems via the cloud. With the Complete Back Office package, you have the utmost priority:
Download Our Month-End Close Checklist!
Navigating the financial intricacies of post-acute and long-term care agencies can be challenging. That’s why we’ve created a specialized month-end close checklist, tailored to your unique needs. Our guide offers clear, actionable steps to streamline your financial processes, ensuring accuracy and efficiency every month. Don’t miss out on this essential resource.
Download now and position your agency for financial excellence!
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