Representative Payee Software
Representative Payee, also known as Custodial Checking, gives an agency the ability to manage clients funds, whether you have 100 clinets or 2,000 clients
Major features include:
- track funds received from social security and other agencies
- pay monthly bills for rent, utilities and other purposes
- provide a monthly statement of funds
- utilizes a one or more comingled bank accounts to hold the funds
for simplicity of reconciliation and reduction of bank fees
Besides it major custodial functions, Representative Payee has a features that will benefit the trustee by simplifying management of the funds and reducing the effort to maintain monthly activity. Recurring items such as rent can be set up as a recurring item and posted into accounts payable for payment as can recurring income items such as monthly Social Security payments.
Full financial reporting is provided including both individual client and consolidating financial position and financial activity reports.
If interest or fees are applied to balances, the AccuFund Allocations module can be utilized to easily calculate the expenses and income.
For a more information, including screen shoots and report examples,
view data sheet.
AccuFund's representative Payee software is based on the AccuFund Accounting Suite, providing the audit, user security and reporting capabilities of that system.
For a detailed demonstration of the Representative Payee/Custodial Checking system please contact AccuFund or your local reseller.
