Representative Payee

Representative Payee is a specialized accounting system for organizations managing the funds of individuals not able to manage their own funds.  Representative Payee, also known as Custodial Checking or Trustee Accounting gives a fiduciary agent, frequently a social service agency or a government entity, the software it needs to manage and account for clients' funds.

For the Trustee or custodian, the software:

• Combines individual accounts into a one or more combined accounts at a bank.

• Each client's balances are managed and can be reported separately on a client statement.

• A revenue and expense and a balance sheet can be generated for each client showing all of their activity and current balances.

• Control is provided to stop from over-spending client's accounts.

• Setup recurring cash receipts for monthly support payments to reduce entry.

AccuFund Representative Payee comes in a standard and professional edition for larger organizations that need to control access to client/patient accounts by region or facility.

Several modules may be added to the core system:

• Client Accounting adds addition demographic tracking and reporting capabilities.

• Fixed Assets adds the ability to track and inventory assets purchased for clients.

• Purchasing allows the setup of encumbrances to reserve funds for special purposes and limit spending of available cash balances. 

For trustees or custodial managers, the AccuFund Representative Payee system provides a complete solution for any organization managing more than just a few custodial/trust accounts.

For more detailed information  [click here].

For a demonstration or to speak with an AccuFund representative, [contact us].